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Article: Western Union Makes B-to-B Move.(Technology)(Western Union Corp.)

Article from:
American Banker
Article date:
May 8, 2009
Author:
Copyright

Byline: Steve Bills

Western Union Co. is seeking to significantly expand its business payments operations by acquiring a Canadian foreign exchange specialist.

The deal announced Thursday for Custom House Ltd. of Victoria, British Columbia, could open an important new market for the Englewood, Colo., company: handling the international payments of small and midsize importers to their global supplier networks.

"This really diversifies our client base," said Ranjana Clark, who joined Western Union a month ago as the executive vice president of its global payment unit, overseeing the company's global strategy.

Western Union is best known ...

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