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Press release from Business Wire

Western Union and Dollar Financial Extend Global Agreement to Offer Western Union Services; Agreement Paves the Way to Add Future Dollar Financial Locations across Canada, United States, and United Kingdom to the Western Union Agent Network

Thursday, May 19, 2011

Western Union and Dollar Financial Extend Global Agreement to Offer Western Union Services; Agreement Paves the Way to Add Future Dollar Financial Locations across Canada, United States, and United Kingdom to the Western Union Agent Network10:02 EDT Thursday, May 19, 2011 ENGLEWOOD, Colo. (Business Wire) -- The Western Union Company (NYSE:WU), a leader in global payments, and Dollar Financial Corp (NASDAQ:DLLR), a leading international diversified financial services company, today announced a multi-year global agreement that extends and paves the way to add Western Union Money Transfer®, Bill Payment and Money Order services across Dollar Financial locations in Canada, the United States and the United Kingdom throughout 2011 and beyond. Stewart A. Stockdale, Executive Vice President and President, Global Consumer Financial Services, Western Union, said, “Dollar Financial and Western Union are brands consumers know and trust. Today's announcement is an example of how two major retail financial services brands can leverage their global presence and strengths to work successfully together to offer consumers fast, reliable and convenient global money transfer and payment services. Consumers turn to Dollar Financial for convenience and value – and Western Union is constantly looking for ways to work with Dollar Financial to provide new services and better serve consumers worldwide.” Commenting on the agreement, Jeff Weiss, Dollar Financial's Chairman and Chief Executive Officer, stated, “It is our mission to be the leading global provider of financial services to the under-banked and unbanked consumer, which we refer to as the ALICE demographic (or asset limited, income constrained, employed). The ALICE consumer typically lives paycheck to paycheck, often holding more than one lower paying job to meet monthly bills and living expenses. Many of these consumers follow labor oriented and general skilled job prospects to different areas and countries, and as a result need to frequently send a portion of their paychecks to their awaiting families back at home. This agreement enables us to continue to meet the needs of this growing demographic in an expedient and efficient manner by leveraging Western Union's strong brand in concert with our expanding service platform of now more than 1,200 retail store locations around the world.” About Western Union The Western Union Company 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. The Western Union, Vigo and Orlandi Valuta branded services are offered through a combined network of approximately 455,000 agent locations in 200 countries and territories. In 2010, The Western Union Company completed 214 million consumer-to-consumer transactions worldwide, moving $76 billion of principal between consumers, and 405 million business payments. For more information, visit www.westernunion.com. About Dollar Financial Corp Dollar Financial Corp is a leading international diversified financial services company primarily serving unbanked and under-banked consumers and small business owners for over 30 years. Through its retail storefront locations as well as by other means, such as via the Internet, the Company provides a range of consumer financial products and services in seven countries (Canada, the United Kingdom, the United States, the Republic of Ireland, Sweden, Finland and Poland) to consumers who, for reasons of convenience and accessibility, purchase some or all of their financial services from the Company rather than from banks and other financial institutions. The Company's products, principally its short-term consumer loans, check cashing services, secured pawn loans and gold buying services, provide customers with immediate access to cash for living expenses or other episodic needs. The Company also offers high-value ancillary services, including Western Union money order and money transfer products, electronic tax filing, reloadable VISA® and MasterCard® debit cards, foreign currency exchange, and other services. In addition, through its branded Military Installment Loan and Education Services, or MILES® program, the Company provides fee based services to enlisted military personnel applying for loans to purchase new and used vehicles that are funded and serviced under an exclusive agreement with a major third-party national bank. At March 31, 2011, the Company's global retail operations consisted of 1,236 locations, including 1,144 company-operated financial services stores and 92 franchised and agent locations, conducting business primarily under the names Money Mart®, Money Shop®, Insta-Cheques®, The Check Cashing Store®, Sefina and MoneyNow® in Canada, the United Kingdom, the United States, the Republic of Ireland, Sweden, Finland and Poland. For more information, please visit the Company's website at www.dfg.com. Dollar Financial Forward-Looking Statement This news release contains forward-looking statements, including, among other things, statements regarding the following: pending or recent acquisitions and their expected benefits; the Company's future results, growth, guidance and operating strategy; the global economy; the effects of currency exchange rates on reported operating results; the developing regulatory environment in Canada, the United Kingdom, the United States, and other countries; the impact of future development strategy, new stores and acquisitions; litigation matters; expected financing initiatives; and the performance of new products and services. These forward-looking statements involve risks and uncertainties, including risks related to: the regulatory environments; current and potential future litigation; the identification of acquisition targets; the consummation of announced pending acquisitions, the integration and performance of acquired stores and businesses; the performance of new stores; the impact of debt financing transactions; the results of certain ongoing income tax appeals; and the effects of new products and services on the Company's business, results of operations, financial condition, prospects and guidance; and uncertainties related to the effects of changes in the value of the U.S. Dollar compared to foreign currencies. There can be no assurance that the Company will attain its expected results, successfully consummate announced pending acquisitions, successfully integrate any of its acquisitions, obtain acceptable financing, or attain its published guidance metrics, or that ongoing and potential future litigation or the various FDIC, Federal, state, Canadian, U.K. or foreign legislative or regulatory activities affecting the Company or the banks with which the Company does business will not negatively impact the Company's operations. A more complete description of these and other risks, uncertainties and assumptions is included in the Company's filings with the Securities and Exchange Commission, the Company's annual reports and Forms 10-Q and 10-K. You should not place any undue reliance on any forward-looking statements. The Company disclaims any obligation to update any such factors or to publicly announce results of any revisions to any of the forward-looking statements contained herein to reflect future events or developments. WU-G Dollar Financial CorpFinancial DynamicsJulie Prozeller or Amy Pesante, 212-850-5600orWestern UnionDaniel Diaz, 720-3320-5564daniel.diaz@WesternUnion.com