The Western Union CompanyWU has renewed its contract with Woodforest National Bank. The renewed contact will enable customers to have continued access to Western Union Money Transfer and bill payment services through the bank's branches and website.
Woodforest is one of the top earning banks in the United States with more than 740 branches and operations across 17 states. The inclusion of Western Union mobile money transfer on Woodforest's mobile platform will further expand the latter's online services.
The mobile money transfer service is expected to be incorporated in the bank in 2016. Woodforest offers expanded financial services though Western Union, thereby providing its customers with a long-standing value added convenience.
Leader global payment services provider, Western Union provides banks with reliable and cost-effective ways to meet consumer demands by facilitating money transfers from such bank accounts to almost anywhere in the world. The decade-long collaboration between Western Union and Woodforest has made way for easy, reliable and convenient money transfers for consumers.
Western Union has been actively growing and diversifying its money transfer and bill payment services worldwide. An important milestone in this regard is the launch of the company's online money transfer capabilities in Europe last month.
Zacks Rank and Stocks to Consider
Currently Western Union carries a Zacks Rank #3 (Hold). Some better-ranked stocks from the same sector are Equifax Inc. EFX , Fidelity National Financial Ventures FNFV and PartnerRe Ltd. PRE . While Equifax holds a Zacks Rank #2 (Buy), both Fidelity National and PartnerRe Ltd. sport a Zacks Rank #1 (Strong Buy).