Western Union Business Solutions news and trends

Midmarket Firms Seek Cross-Border Payments Stability, Convera CEO Says
Cross-border Payments // March 02, 2022

No matter the vertical, the world in which enterprises operate is ever more complicated. Supply chains are constrained. Interest rates are volatile. And currencies gyrate wildly against one another on the threat that the current Russia-Ukraine conflagration might escalate and spread. Through it all, buyers...

WUBS To Be Rebranded Convera, Recruits Amazon Pay Exec As CEO
Partnerships / Acquisitions // August 12, 2021

Western Union Business Solutions (WUBS) is slated to acquired by Goldfinch Partners and The Baupost Group in a $910 million deal that will rename the business Convera, according to a press release on Thursday (Aug. 12).  Under the new standalone entity, former Amazon Pay executive...

Today In B2B: WU Business Solutions Pairs With Triterras; Deutsche Bank Automates Treasury Tech
B2B Payments // March 10, 2021

Today in B2B payments, Western Union Business Solutions collaborates on cross-border corporate payments, while Deutsche Bank invests in corporate treasury automation. Plus, High Radius and Sage pair up for accounts receivable, Revolut Business debuts an expense management solution and J.P. Morgan taps HSBC talent. Triterras...

Western Union: 5G, AI, RTP Will Create New Digital Experiences
Innovation // February 25, 2021

“Turbulent” is the word Scott Johnson selects to describe the events of 2020. And as vice president and head of product at Western Union Business Solutions (WUBS), Johnson would know. His eye on business payments and FX risk management gives him a unique vantage point...

Interviews & Exclusives
Midmarket Firms Seek Cross-Border Payments Stability, Convera CEO Says

March 02, 2022
No matter the vertical, the world in which enterprises operate is ever more complicated. Supply chains are constrained. Interest rates are volatile. And currencies gyrate wildly against one another on the threat that the current Russia-Ukraine conflagration might escalate and spread. Through it all, buyers and suppliers must still source — and pay for — […]

Western Union: 5G, AI, RTP Will Create New Digital Experiences

February 25, 2021
“Turbulent” is the word Scott Johnson selects to describe the events of 2020. And as vice president and head of product at Western Union Business Solutions (WUBS), Johnson would know....

NEW REPORT: Western Union’s Legacy ‘Street Cred’

June 14, 2017
There was a time when the telegraph was as important to keeping people connected as the smartphone is today. And while the telegraph’s heyday may well be over, the network...

Quick Reads
Convera Concludes Western Union Business Solutions Deal

July 10, 2023
B2B FinTech Convera says it has completed its acquisition of Western Union Business Solutions (WUBS). WUBS was acquired last year by Goldfinch Partners and The Baupost Group for $910 million and rebranded as Convera, a new standalone payments operation. In a news release Monday (July 10), the company announced it had concluded the acquisition of its European business, thus marking the […]

WUBS To Be Rebranded Convera, Recruits Amazon Pay Exec As CEO

August 12, 2021
Western Union Business Solutions (WUBS) is slated to acquired by Goldfinch Partners and The Baupost Group in a $910 million deal that will rename the business Convera, according to a...

Morgan Goodwin Links EdgeCTP Trade Tech With Western Union

June 10, 2020
To help facilitate global small and medium-sized business (SMB) trade, Morgan Goodwin has linked its EdgeCTP digital trade technology with the WU EDGE system of Western Union Business Solutions. The...

Western Union Partners To Improve Stock Market Access

June 29, 2016
Western Union Business Solutions, operating within currency exchange, said Tuesday that it has signed an agreement with DriveWealth to bring better access to the stock market to individual investors. The...