DENVER, July 16 /PRNewswire/ -- First Data Corp. (NYSE: FDC), a global
leader in electronic commerce and payment services, today announced that its
Western Union Financial Services subsidiary has signed multi-year contracts
with two of Turkey's leading banks. The new agreements with Denizbank and
Oyakbank further Western Union's strategic objective of continuing global
expansion.
Both Denizbank and Oyakbank will begin offering the Western Union Money
Transfer(R) service and Western Union(R) QuickPay(SM), Western Union's
international bill payment service, later this month. More than 100 Denizbank
locations and approximately 190 Oyakbank locations will offer Western Union
services, more than doubling the current number of Western Union agent
locations in the country.
The offering of international money transfer services is a new venture for
both companies, furthering their goal of extending their product offerings to
complement their existing corporate and retail banking services. Both
Denizbank and Oyakbank aim to provide Turkish customers with greater value and
a wider variety of financial services. The extended availability of Western
Union Money Transfer services also will be significant to the estimated five
million Turkish expatriates, many of whom continue to provide financial
support to their families at home.
"Western Union strives to provide relevant, accessible services to all of
our customers, no matter where they are located," said Bill Thomas, president,
Western Union International. "By teaming with trusted local organizations,
such as banks and other well known community institutions, Western Union is
able to reach into the heart of the community to gain a better understanding
of our customers and their unique needs.
"The addition of Denizbank and Oyakbank extends Western Union's coverage
throughout Turkey," continued Thomas. "Our services are now available in each
of the country's 81 cities, making it easier than ever for Turkish consumers
to send and receive funds."
About Western Union Financial Services, Inc. and First Data
Western Union Financial Services, Inc., a subsidiary of First Data Corp.
(NYSE: FDC), is an international leader in consumer money transfer services.
Consumers can quickly, safely and reliably pay bills and transfer money around
the globe using the company's proprietary money transfer network. Western
Union and its subsidiary, Orlandi Valuta, together make up one of the world's
largest money transfer networks with a total of approximately 130,000 Agent
locations in more than 190 countries and territories. Famous for its
pioneering telegraph service, the original Western Union dates back to
1851 and introduced electronic money transfer service in 1871. For more
information, please visit the company's Web site at http://www.westernunion.com .
First Data Corp., with global headquarters in Denver, helps power the
global economy. Serving approximately 2.8 million merchant locations,
1,400 card issuers and millions of consumers, First Data makes it easy, fast
and secure for people and businesses to buy goods and services, using
virtually any form of payment: credit, debit, smart card, stored-value card
or check at the point-of-sale, over the Internet or by money transfer. For
more information, please visit the company's Web site at http://www.firstdata.com .
SOURCE Western Union Financial Services, Inc.
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Related links:
http://www.westernunion.com
http://www.firstdata.com
CONTACT:
Wendy Carver Herbert of Western Union
Financial Services, Inc., +1-303-967-6416,
wendy.carver@firstdatacorp.com
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