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Western Union presents new mobile payment applications

The Western Union Company (WU) has launched two latest mobile payment applications, which will be used with its Speedpay service, enabling billers to offer mobile payment services to their customers.

The Speedpay Mobile Payment applications assists firms in financial services, mortgage, insurance, cable, telecommunications and other industries to meet growing consumers’ demand for safe, secure and convenient bill payment services.

Suitable for deployment by the billers, the new technology will allow consumers to access enhanced payment capabilities by downloading the biller-branded application from the various online locations and application stores.

Complementing an array of platforms and devices, including Android, iPhone, and iPad, the new payment application allow users to pay anytime, anywhere, claims the payment company.

Exclusively designed for billers in the utility industry, the second WU Payments mobile application enables companies to provide their customers with the ability to view and pay bills, monitor usage, and track and report outages through their mobile devices.

The application functionality has been combined with mobile applications offered by iFactor, a company specializing in communications for the utilities industry.

In 2012, WU completed 231 million consumer-to-consumer transactions globally, moving $79bn of principal between consumers, and 432 million business payments.