ATLANTA, Dec. 22 /PRNewswire/ -- First Data Corporation (NYSE: FDC) today
announced that its subsidiaries, Western Union Financial Services, Inc. and
Orlandi Valuta, have received final approval on a settlement of all claims in
a nationwide class action lawsuit pertaining to the companies' United
States-to-Mexico money transfer businesses.
The United States District Court for the Northern District of Illinois
approved the terms of a settlement which include:
-- Creating a $4 million charitable fund that will support Mexican and
Mexican-American causes.
-- Providing coupons to class members for discounts on future money
transfers from the U.S. to Mexico.
-- Enhancing the company's disclosure regarding foreign exchange.
"We are pleased to bring positive closure to this long negotiated
resolution," said Pete Ziverts, vice president-Corporate Communications for
Western Union. "We remain deeply committed to our customers by providing the
safest, most reliable money transfer service available. This settlement not
only allows us to avoid the costs and distraction of further litigation, it
frees us up to strengthen our focus squarely where it should be -- on meeting
the needs of our customers."
Western Union and Orlandi Valuta are subsidiaries of Atlanta-based First
Data Corporation (NYSE: FDC), a global leader in electronic commerce and
payment services. Serving more than two million merchant locations, more than
1,400 card issuers and millions of consumers, First Data makes it easier,
faster and more secure for people and businesses to buy goods and services,
using virtually any form of payment: credit, debit, stored-value card or check
at the point-of-sale, over the Internet or by money wire. For more
information about First Data, please visit the Company on the Internet at
http://www.firstdatacorp.com.
SOURCE Western Union Financial Services, Inc.
 back to top
Related links:
http://www.firstdatacorp.com
CONTACT:
Pete Ziverts, 303-488-8017, or pager,
888-718-9230, for Western Union/Orlandi Valuta
|
