Western Union And PSI Pay Get On The Same Page

Since the dawn of modern financial institutions, people have been forced to open accounts with them to benefit from services like automatic bill paying, debit cards, online banking, and overdraft protection. Only in the past decade – give or take – have companies that are not financial institutions started to provide average consumers with such financial services.

 

Let’s look at PayPal, for example. Founded as Confinity, the company initially developed software to help protect companies from fraud and identity theft in the process of accepting payments. A few years after the business was founded, it was purchased by eBay. Initially, PayPal was used as a means of securing payments from customers and immediately delivering them to vendors on the site.

 

Currently, PayPal acts similarly to a financial institution. Unlike traditional banks, individuals can accept payments through credit and debit cards – as well as PayPal balances – which simply can’t happen through financial institutions with the exception of funds transfers between accounts. PayPal is far quicker than checking accounts for accepting payments.

 

Further, PayPal provides consumers with services like its PayPal Prepaid Debit Card. Unlike checking accounts, this prepaid debit card cannot be overdrawn, thereby saving consumers money by not capitalizing on their mistakes. PayPal simply takes $4.95 each month from consumers’ accounts to use debit cards anywhere that debit cards issued by traditional financial institutions can be used.

 

The company uses electronic money – better known as e-money – to conduct the entirety of its transactions. Companies like PSI Pay and Western Union use electronic money to conduct their operations, as well.

 

Speaking of Western Union and PSI Pay…

 

PSI-Pay is a company that was founded in 2007. It was founded with the goal of providing financial services to consumers around the United Kingdom independent of financial institutions. Recently, PSI Pay’s proprietary online ecoPayz wallet network integrated with that of Western Union.

 

Now, people in the United Kingdom can send money around the globe using ecoPayz.

 

The partnership between Western Union and PSI Pay is becoming increasingly popular around the world. For example, roughly 30 percent of all banking customers around the globe use financial products and services from companies that are not considered to be traditional financial institutions. This effectively results in consumers having more freedom than they otherwise would with the option of only using financial institutions’ services.

 

 

 

https://www.yell.com/biz/psi-pay-ltd-horsham-8042004/

James Dondero: Helping Victims of Domestic Abuse

The co-founder and president of the Highland Capital Management Group, James Dondero, stated that the company would be responding to the challenge grant from The Family Place by donating $1 million. According to James Dondero, the company has a responsibility to help the society, and the project of The Family Place would greatly improve the condition of families in Dallas. The Family Place tapped the assistance of the city government of Dallas and the local law enforcement to deliver the message to Dallas-based companies, asking them for support. The Family Place will be using the money donated by the companies to their Legacy Campaign, which allows the creation of an emergency shelter for those who are being abused physically at home. The funds will also be used to train professionals who would help the victims recover emotionally, mentally, and physically. The Family Place shared that Dallas-based companies immediately supplied their target fund, and they only need $2.8 million to complete the required fund for the project. The Highland Dallas Foundation, Inc., which is a philanthropic arm of the Highland Capital Management, is the one managing the donation given to The Family Place. Visit his website at jamesdondero.com.

According to the Dallas law enforcement agencies, there is a steady increase in the number of domestic violence incidents in the city. They had to work with the city government and The Family Place to put an end to domestic violence. They are supporting the proposal of The Family Place to build an emergency shelter within the city, and they also added that the shelter would also house various facilities needed for recovery. They are estimating that over 2,000 individuals would benefit from the project once the construction finishes. James Dondero is one of the most generous business owners after he signed the $1 million donations for the project. Read more about James Dondero on Bloomberg.com.

 

The Family Place was incorporated in 1978, and since then, they have been working hard to ensure that families in the United States would not be torn apart just because of domestic violence. They are counseling the involved parties, and if the issue is severe, that is the only time that the local enforcement will be involved.

Visit: http://www.jamesdonderodallas.com/james-dondero/