According to Western Union, the new card will give consumers a simple way to receive money transfers. All they have to do is pick up a card at a select Western Union Agent location in the US and complete the transaction to receive a money transfer online or over the phone.
The process is seamless and can be completed quickly, with no forms to fill out, said the company.
Western Union president for business development and innovation David Yates said this new Receive Card delivers what consumers need and want: convenient, fast and reliable money-management solutions.
"And for our Agents, it offers an efficient means for handling transactions with minimal effort and expense while driving foot traffic and revenue," he added.
Western Union said it will begin offering the cards at select Western Union Agent locations this summer.
Once activated, the Money Transfer Receive Card can be used anywhere Debit MasterCard is accepted worldwide, including online as well as at ATMs for cash withdrawals. Funds on the card are protected by the MasterCard zero-liability policy, an added convenience for consumers who may not wish to carry cash.
The card is now available in the US for money transfers sent from anywhere in the world, including from within the US.
