United States

Western Union Co (WU.N)

WU.N on New York Stock Exchange

30 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Western Union says reaches agreements to resolve U.S. investigations
Thursday, 19 Jan 2017 12:25pm EST 

Western Union Co : Press release - Western Union reaches agreements to resolve u.s. Investigations . Western Union reaches agreements to resolve u.s. Investigations . Western Union will enter into a deferred prosecution agreement with DOJ and a consent order with FTC . Western Union Co- Western Union anticipates taking a charge of approximately $570 million in its 2016 Q4 . Western Union-excluding q4 charge, company anticipates reporting 2016 financial results in line with its financial outlook provided on Nov 1, 2016 . Western Union -excluding Q4 charge, anticipates reporting 2016 financial results in line with its financial outlook provided on November 1, 2016 . The charge of about $570 million is in addition to amounts previously accrued in 2016 in connection with FTC matter . Western Union -intends to claim deduction for settlement payment, but because tax effect not certain co does not anticipate recording related tax benefit in q4 . Western Union - to resolve potential claims by u.s. Treasury department's FINCEN relating to conduct in 2010-2012 that FINCEN contended violated bank secrecy act .Western union - separate agreement with FINCEN sets forth civil penalty of $184 million, full amount of which will be deemed satisfied by the $586 million payment.  Full Article

Western Union to allow UK Viber users to send money domestically, internationally
Wednesday, 7 Dec 2016 08:30am EST 

Western Union Co :Western Union - "enhancing" existing relationship with Viber by enabling Viber users in UK to send money domestically, internationally to over 200 countries.  Full Article

Western Union makes strategic investment in Walletron Inc
Tuesday, 6 Dec 2016 08:30am EST 

Western Union Co : Western Union makes strategic investment in mobile payments tech company .Western Union co - made a strategic investment in Walletron, Inc..  Full Article

Western Union files for potential debt shelf size undisclosed
Monday, 3 Oct 2016 04:10pm EDT 

Western Union Co :Files for potential debt shelf; size undisclosed - SEC filing.  Full Article

Western Union reports second quarter results
Wednesday, 3 Aug 2016 04:01pm EDT 

Western Union Co : Sees FY 2016 earnings per share $1.60 to $1.70 . Q2 revenue $1.4 billion . Western union reports second quarter results . Q2 GAAP earnings per share $0.42 . Q2 earnings per share view $0.40 -- Thomson Reuters I/B/E/S . Affirmed its full year 2016 outlooks for constant currency revenue growth, operating profit margin, and operating cash flow . Sees 2016 operating margin of approximately 20% . 2016 GAAP revenue outlook was decreased slightly to reflect changes in several key foreign currencies against U.S. Dollar . Sees 2016 cash flow from operating activities of approximately $1 billion . Sees 2016 low to mid-single digit constant currency revenue increase . Consumer-To-Consumer (C2C) revenues declined 1% in quarter, or increased 2% on a constant currency basis, on transaction growth of 3% . Consumer-To-Business (C2B) revenues declined 2% in quarter, or increased 12% on a constant currency basis . FY2016 earnings per share view $1.63, revenue view $5.46 billion -- Thomson Reuters I/B/E/S .Sees 2016 GAAP revenue change approximately 400 basis points lower than constant currency.  Full Article

Western Union renews 20-year relationship with Rite Aid
Tuesday, 12 Jul 2016 08:30am EDT 

Western Union Co : Renews 20-Year relationship with Rite Aid . Consumers can purchase money orders and pay their bills at Rite Aid locations nationwide .Consumers at Rite Aid locations to continue to have ability to send and receive western union money transfer transactions U.S. or across globe.  Full Article

Western Union says increased agent locations in Mexico to nearly 13,600
Tuesday, 21 Jun 2016 08:30am EDT 

Western Union Co - : Grown its reach in Mexico with ability to send money from United States directly into nearly all bank accounts in mexico .Company has also increased amount of Western Union agent locations in Mexico to nearly 13,600, adding 3,200 locations in 2015.  Full Article

Western Union Co quizzed by EU on money transfer activities - Reuters
Tuesday, 23 Feb 2016 03:57pm EST 

Western Union Co:U.S. money transfer services provider Western Union WU.N has been questioned by antitrust regulators over its activities in Europe, the company said on Tuesday. - RTRS."Western Union is cooperating with the European Commission following a request for information on the company's business in Europe," spokesman Daniel Diaz said in an email.Commission spokesman Ricardo Cardoso said the antitrust authority was closely monitoring competitive conditions in the money transfer market.The Commission is checking allegations that Western Union colluded with banks to drive out smaller rivals in the money transfer market, Bloomberg cited two unnamed sources as saying.Western Union said there was strong competition in the market coming from digital operators, mobile operators, mail and courier services, prepaid cards, travel cards as well as ATM transfers.  Full Article

Western Union and Woodforest National Bank Extend Relationship with Plans for Mobile Money Transfer
Tuesday, 19 Jan 2016 08:30am EST 

Western Union:Announced the company has renewed its contract with Woodforest National Bank, which has more than 740 branches with the majority of their branches located inside Walmart stores.  Full Article

Western Union Co announces quarterly dividend
Tuesday, 24 Nov 2015 03:19pm EST 

Western Union Co:Declares quarterly cash dividend of $0.155 per common share.Payable Dec. 31 to stockholders of record at the close of business on Dec. 17.  Full Article

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BRIEF-Western Union CEO Hikmet Ersek's FY 2016 total compensation was $9.3 mln

* CEO Hikmet Ersek's FY 2016 total compensation was $9.3 million versus $8.6 million in FY 2015 Source text: [http://bit.ly/2nwXLpr] Further company coverage: