ROCKVILLE CENTRE, N.Y., June 30, 2014 (GLOBE NEWSWIRE) -- Expaticore Services LLC ("Expaticore"), a leading provider of global payroll and mobility solutions, and Western Union Business Solutions, a unit of the Western Union Company and a leader in global payment services, have announced today the formalization of their longstanding strategic partnership.
The new agreement between Expaticore and Western Union Business Solutions will result in further integration between the two parties for the ultimate benefit of those using the Expaticore program. Together, Expaticore and Western Union Business Solutions will offer an industry-leading, secure and efficient means of delivering payroll-related funds to employee and tax authority beneficiaries anywhere in the world. Benefits will include:
- Multiple options to deliver funds to employees in over 200 countries and territories, including the possibility of pre-funded payroll transactions;
- Transactions via Western Union Business Solutions' global financial infrastructure and payroll payments platform, including employee detail validation and compliance checks;
- Local clearing for payments to 70+ countries, reducing beneficiary bank fees.
"Global payroll is quite complicated even before the first dime is delivered to an employee," says Dave Leboff, President of Expaticore. "Imagine trying to centrally manage payroll administration in a multitude of countries and languages, with different sets of compliance rules, currencies and pay frequencies. Clients turn to our firm to seamlessly administer that complete solution for both local nationals and expatriates. We securely move payroll data to and from dozens of in-country payroll processors and complete complex payroll calculations on behalf of our clients, ensuring their compliance with all local payroll rules."
"We first started working with Western Union Business Solutions in 2007 and have relied on their platform to deliver the foreign exchange components of the payroll process ever since. We have always been impressed by the extreme reliability of their service and we are thrilled to be launching a formal partnership that will give our clients direct access to their world-class platform," said Mr. Leboff.
"As companies and organizations become increasingly international they have to grapple with the challenges that come with staff mobility, including large-scale multi-currency payments, security-related regulations and the administrative costs of managing the entire process," said Jonathan Rees, North American Managing Director, Western Union Business Solutions. "We are delighted to be launching this partnership with Expaticore. Our joint offering will provide clients with a seamless global payroll and payments solution that will enable them to make the administration of a global workforce as straightforward and efficient as possible, leaving them more time to grow their business."
Established in 2002 to support clients that manage global workforces and transfer employees worldwide, Expaticore has grown into a leading provider of international payroll and mobility solutions. The Company offers its international payroll operations, payroll compliance, international funds management, global mobility program design and management, and other global HR consulting services to organizations of all sizes. Expaticore's commitments to the highest standard of customer service in the industry, its certified, secure data-management environment, and its dedication to the careful management of client risk through diligence, compliance and control are valued dimensions of every solution implemented for the Company's clients. For more information, please visit www.expaticore.com.
About Western Union Business Solutions
Western Union Business Solutions is a global financial services provider that enables companies of all sizes to send and receive international payments and manage global cash flow, creating unique solutions tailored to meet their individual needs. It is a business unit of the Western Union Company (NYSE:WU), a leading nonbank provider of cross border payments, and operates services through locally licensed affiliates in over 30 countries. Clients are supported by a network of trading offices, strategic banking relationships and a global clearing network and can send cross-border foreign exchange payments in more than 135 currencies.
About Western Union
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 March 31, 2014, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of over 500,000 agent locations in 200 countries and territories and over 100,000 ATMs. In 2013, The Western Union Company completed 242 million consumer-to-consumer transactions worldwide, moving $82 billion of principal between consumers, and 459 million business payments. For more information, visit www.westernunion.com.
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