The Western Union Online Banking Channel—Guaranteed Funds
Western Union has created a better way for business to receive online banking payments. While this solution leaves business’s ideally positioned for where we know the market is heading in the future, the real reason you should want to use Western Union is the big benefits we have to offer you today.
Service features
Online Banking Payments provides many unique features for you and your consumers.
Features include:
- Payments will be processed, delivered, and settled following the same process as your current Western Union payments
- Online Banking Payments are available for viewing along with all of your other Western Union payments in real-time via the Western Union extranet reporting tool
Service benefits
Online Banking Payments provides benefits for you and your consumers.
Benefits to you:
- Guaranteed funds
- Drastically reduced claims and reversals
- Same day payments
- Faster speed of payment delivery
- Reduced Day Sales Outstanding
- Improved consumer experience
Consumer Benefits:
- Convenience: Consumers can now send payments for all of their monthly bills from one online location.
- Flexibility: Allows consumers to manage their monthly expenses more easily with same-day and next-day bill payments.
- Financial benefits: Greater control over finances and eliminates the need for stamps and envelopes.
Western Union is an industry leader in same-day payments, which also makes the company a natural fit to offer an expanded Online Banking Payments channel. Because same-day payments is a core competency, Western Union is uniquely positioned to respond to the growing demand for more robust online channels. In addition, the company holds an extensive background with biller-aligned processing.
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