Western Union and Banco National De Mexico Form Money Transfer Alliance
DENVER – May 3, 2001 – Western Union Financial Services, Inc., a subsidiary of First Data Corp. (NYSE: FDC), Banco
Nacional de México, S.A. (Banamex) and California Commerce Bank (CCB) today announced that they have entered into a
strategic alliance to facilitate consumer money transfers to and from Mexico, beginning July 1.
Banamex, and CCB, both subsidiaries of Grupo Financiero Banamex-Accival (Banacci), will become a principal agent in Mexico
for Western Union consumer money transfers. As Mexico’s leading bank, Banamex will offer the Western Union Money
Transfer® services at its approximately 1,300 bank branch locations beginning in July and will add to the Western Union agent
network in Mexico, which currently includes more than 4,800 locations.
“We are pleased to establish this relationship with Western Union, and to offer their premium, value-added services to
consumers throughout Mexico,” said Manuel Medina Mora, chief executive officer for Banacci. " The Mexican immigrant
population represents the largest group of Hispanics living in the U.S. They have a growing need to send monies back home
with the highest standard of convenience, safety and reliability. With this agreement, Western Union, a global leader in
providing money transfer services, and Banamex, Mexico’s leader in the delivery of quality financial services, come together to
offer a first-class money transfer experience between Mexico and the United States.”
“For more than a century, Western Union and Banamex each have served the Mexican market, and consumers have trusted
and relied on us to handle their banking and money transfer needs,” said Charles T. Fote, president and chief operating officer
for First Data Corp. “By bringing together our two powerful and recognized brands we will offer consumers tremendous peace
of mind in knowing that their money transfers are being handled with the greatest speed and security.
“This association carries an even deeper significance, as Western Union and Banamex both share a strong commitment to the
community,” Fote added. “Beyond providing the best in financial services, our companies support social projects that help our
customers and their families in Mexico.”
In a separate release, Western Union’s sister company, Orlandi Valuta, announced a similar agreement to facilitate money
transfers with Banamex and CCB.
Grupo Financiero Banamex-Accival is Mexico's leading financial group. Following a universal banking strategy, the Group
offers a variety of financial services to companies and individuals, which include commercial and investment banking,
insurance, and fund management. Banamex, founded in 1884, is Mexico’s leading commercial bank in terms of equity. The
Bank has an extensive distribution network of more than 1,300 branches and 3,000 ATM’s located throughout the country.
About California Commerce Bank California Commerce Bank provides full banking services for companies and individuals that
do business in Mexico and the United States. As part of Grupo Financiero Banamex-Accival, CCB is the U.S. banking arm of
Banco Nacional de Mexico (Banamex), Mexico's leading bank. As such, CCB is the gateway to and from Mexican financial
markets. With over $2.1 billion in assets and advanced international information technology systems, CCB is a valued resource
for customers with interests, which cross national boundaries. For more information, visit California Commerce Bank at
About Western Union
Western Union Financial Services, Inc., a subsidiary of First Data Corporation (NYSE: FDC), is a worldwide leader in consumer
money transfer services. The company provides rapid money transfer service through a global agent network. Consumers can
quickly, safely and reliably transfer money at approximately 101,000 agent locations in more than 185 countries and territories
using the Western Union and Orlandi Valuta money transfer networks. Famous for its pioneering telegraph service, the original
Western Union dates back to 1851 and introduced electronic money transfer service in 1871. Western Union is celebrating its
150th anniversary in 2001. For more information please visit www.westernunion.com.
About First Data Corp.
Atlanta-based First Data Corp. (NYSE: FDC) powers the global economy. Serving nearly 2.5 million merchant locations, more
than 1,400 card issuers and millions of consumers, First Data makes it easier, faster and more secure for people and
businesses to buy goods and services, using virtually any form of payment: credit, debit, stored-value card or check at the
point-of-sale, over the Internet or by money transfer. For more information, please visit the company’s Web site at