ENGLEWOOD, CO — Western Union Financial Services, Inc. a subsidiary of First Data Corp. (NYSE:FDC), and Verizon Wireless, the nation's largest wireless provider, today announced a multi-year contract, which will allow Verizon Wireless' Prepay customers to use the Western Union® SwiftPaySM service to replenish minutes on their accounts.
Under the agreement, Verizon Wireless Prepay customers will be able to simply present the SwiftPay card and their cash payment at any participating Western Union agent location, which number more than 30,000 around the country. The payment is posted to the customer's account on a near real-time basis, replenishing the account within minutes. Verizon Wireless Prepay customers know when to replenish their accounts, because a recording announces available minutes before every call. The program will be phased in around the country over the next several months. Rollout to customers in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, and Georgia will begin in March.
"This agreement creates a relationship between the leading provider of wireless services and a leader in the payment processing industry. Both companies are dedicated to providing exceptional service," says Joe Jackson, president -Western Union Commercial Services. "Verizon Wireless has a reputation for offering premier wireless services to its customers and, with the help of Western Union, it will also offer a premier payment channel."
"Verizon Wireless is committed to delivering simple, affordable and national wireless products. Part of that commitment is convenient, familiar ways for our Prepay customers to replenish calling minutes on their accounts," said Debra Carroll, vice president-marketing for Verizon Wireless. "Western Union's unparalleled network of agent locations and the ease of the Western Union SwiftPay service allows us to do just that."
With the SwiftPay service, Western Union leads the industry in providing pre-payment alternatives for the telecommunications and utilities markets. The Western Union SwiftPay service is a card-based payment solution that facilitates consumer pre-payment for any services or products where pre-payment is a requirement or an option. The SwiftPay service provides a true end-to-end payment solution, reducing or eliminating much of the back office work formerly done by pre-paid service providers.
"The Western Union SwiftPay service lets businesses leverage the strength of the Western Union name and our exceptional distribution network to provide value and convenience to their customers," says Jackson, "It is the most convenient, value-added way of making payments in the pre-paid industry."