Canadian Treasurer

Sep 28 , 2010

Western Union, Laurentian Bank renew agent relationship

MONTREAL--The Western Union Company and Laurentian Bank of Canada have renewed an agreement enabling consumers to send and receive Western Union money transfers at 157 Laurentian Bank branch locations throughout Canada.

"The Bank is very proud to be renewing this agreement with Western Union," said Luc Bernard, Executive Vice-President, Retail and SME Financial Services, Laurentian Bank of Canada. "This move is perfectly aligned with our business goals and our eagerness to meet the needs of our customers. We want to be accessible and simplify the life of our clients whether it's for a transaction toward a family member living abroad or to transfer funds to a friend or family member who is traveling and has an urgent need for money."

Brian Fox, Senior Vice President and General Manager, Western Union Financial Services Canada, added "Laurentian Bank is a leading financial services institution and we are proud to continue our relationship."

"For consumers around the world, Western Union's service represents a fast, convenient and reliable connection with family and friends. As the first Canadian bank to offer our services, Laurentian Bank understands the needs of Canadians in transferring money quickly and reliably to family and loved ones across the country and around the world."

The Laurentian Bank agreement is part of Western Union's North America banking strategy.  As Western Union expands its service offerings, the company has grown its Cash-to-Cash, Account-to-Cash, and Account-to-Account services at banks.

The Western Union Company is a leader in global payment services. Together with its Vigo, Orlandi Valuta, Pago Facil and Custom House branded payment services, Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, as well as send payments and purchase money orders. The Western Union, Vigo and Orlandi Valuta branded services are offered through a combined network of approximately 430,000 Agent locations in 200 countries and territories. In 2009, The Western Union Company completed 196 million consumer-to-consumer transactions worldwide, moving $71 billion of principal between consumers, and 415 million business payments.

Laurentian Bank of Canada is a banking institution operating across Canada and offering its clients diversified financial services. Distinguishing itself through excellence in service, as well as through its simplicity and proximity, the Bank serves individual consumers and small and medium-sized businesses. The Bank also offers its products to a wide network of independent financial intermediaries through B2B Trust, as well as full-service brokerage solutions through Laurentian Bank Securities.



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