ENGLEWOOD, Colo. and ROCKWALL, Texas, Nov. 11, 2014 (GLOBE NEWSWIRE) -- Western Union Business Solutions (WUBS), a division of The Western Union Company (NYSE:WU), has partnered with Aptys Solutions to provide a global payment offering to all of Aptys' clients on their ONE system portal, PayLOGICS, and that will also be available to WUBS customers. Through the partnership, WUBS and Aptys will be able to offer their customers both domestic and international payments functionality.
In today's increasingly complex international business landscape, financial institutions (FI) are looking for partners that can provide services that allow their clients to manage cross-border payments, across multiple currencies, more effectively. Western Union Business Solutions' collaboration with Aptys' PayLOGICS provides an efficient way to manage global payments. In addition, with recent changes to financial regulations, such as those implemented under Dodd-Frank, businesses are also looking to their financial services partners to provide them with a service that offers convenient access to required documentation and reporting. Western Union Business Solutions delivers on these commitments for clients using Aptys' PayLOGICS system.
"We are excited about partnering with Aptys to make the transactions of our financial institutions clients less cumbersome," said Jonathan Rees, North American Managing Director at Western Union Business Solutions. "Leveraging PayLOGICS for our clients, and working with one of the leading providers in the industry, ensures that we'll meet the current and future demands of our financial institutions clients, while delivering state-of-the-art global payment technology."
"In the face of today's difficult regulatory environment, partnering with Western Union Business Solutions will allow our financial institutions to better serve and ultimately empower their customers," said Eric Dotson, Executive Vice President of Aptys Solutions. "Combining PayLOGICS with Western Union Business Solutions' online platform to facilitate processing global payments expands our comprehensive services and enables our financial institutions customers to create cost efficiencies and deliver service differentiators in this increasingly demanding market."
About Aptys Solutions
Rockwall, Texas-based Aptys Solutions provides financial institutions with a unified platform to support all methods of payment including image exchange, ACH processing, wire processing, payments archive, Federal Reserve messages, least cost routing, in-network exchange (INEX) payment processing and mobile payments, among others. By providing financial institutions with ONE system for all payment solutions, Aptys helps increase overall efficiencies while reducing expenses associated with managing multiple vendor relationships. For more information, visit www.aptyssolutions.com.
About Western Union Business Solutions
Western Union Business Solutions enables companies of all sizes to send and receive international payments and manage global cash flow, creating unique solutions tailored to suit their individual needs. It is a business unit of The Western Union Company (NYSE:WU), a leading nonbank provider of cross border payments, which operates its Business Solutions services through locally licensed affiliates in over 30 countries. Clients are supported by a network of trading offices, strategic banking relationships and a global clearing network and can send cross-border foreign exchange payments in more than 135 currencies.
About Western Union
The Western Union Company (NYSE:WU) is a leader in global payment services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western Union Business Solutions branded payment services, Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, to send payments and to purchase money orders. As of June 30, 2014, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of over 500,000 Agent locations in 200 countries and territories and over 100,000 ATMs. In 2013, The Western Union Company completed 242 million consumer-to-consumer transactions worldwide, moving $82 billion of principal between consumers, and 459 million business payments. For more information, visit www.WesternUnion.com