REDWOOD CITY, CA – Aug. 14, 2012 – i2c, Inc., a provider of payment processing and emerging commerce solutions, and Western Union, a leader in global payment services, have joined forces to bring consumers in the Philippines a unique, feature-rich prepaid card. The Western Union® Gold Prepaid Card was launched recently in the Philippines using i2c's global processing platform, MCP.
Expanding on its existing relationship with i2c, Western Union is leveraging MCP's unique platform capabilities to better meet the needs of Filipino consumers. The Western Union Gold Prepaid Card is the first in the market to allow consumers to direct a Western Union Money Transfer transaction directly onto a card, or utilize a “split payout” option to load part of a remittance onto a card and receive the rest in cash. The card also offers innovative mobile text features that help consumers better manage their money.
“Western Union takes a consumer-centric approach to delivering its stored-value products,” said Michael Hafer, Senior Vice President, Global Prepaid at Western Union. “By utilizing i2c, we have been able to take advantage of many unique, cutting-edge processing capabilities to build a prepaid card that offers superior value to consumers.
Amir Wain, CEO of i2c, said, “i2c's organizational agility and global-ready processing platform enable our partners with a global footprint to roll out differentiated, value-driven payment products quickly, and we are delighted to support Western Union in launching this best-in-class prepaid offering.”
Transactions are processed in Philippine pesos; consumer IVR supports both English and Tagalog.
Cardholders can load Western Union remittances and receive account information using SMS text messages
Interfacing with local systems enables a “split payout” option and more convenient cash access
i2c, Inc. provides the infrastructure financial institutions, corporations, brands and governments need to launch and profitably manage payment and next-generation commerce products. Its global-ready product suite encompasses card-based, virtual and mobile payments, loyalty and back office solutions. Headquartered in Redwood City, California, i2c supports clients on five continents from six sales and support offices worldwide. Visit i2cinc.com for more information.
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, 2012, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of approximately 510,000 agent locations in 200 countries and territories. In 2011, The Western Union Company completed 226 million consumer-to-consumer transactions worldwide, moving $81 billion of principal between consumers, and 425 million business payments. For more information, visit www.westernunion.com.