Western Union 2010 Annual Report Download - page 19

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with these subsidiaries does not cause them to be subject to the provisions of the Bank Holding Company Act in the
United States.
Other
Some of our services are subject to card association rules and regulations. For example, an independent
standards-setting organization, the Payment Card Industry (“PCI”) Security Standards Council (including
American Express, Discover Financial Services, JCB International, MasterCard Worldwide and Visa Inc.
International) developed a set of comprehensive requirements concerning payment card account security
through the transaction process, called the Payment Card Industry Data Security Standard (“PCI DSS”). All
merchants and service providers that store, process and transmit payment card data are required to comply with PCI
DSS as a condition to accepting credit cards. We are subject to annual reviews to ensure compliance with PCI
regulations worldwide and are subject to fines if we are found to be non-compliant.
Stored-value services offered by Western Union prepaid services are subject to federal and state laws and
regulations related to consumer protection, licensing, escheat and money laundering. These laws are evolving,
unclear and sometimes inconsistent, and the extent to which these laws apply to Western Union or its consumers is
in a state of change. We are unable to determine the impact that the clarification of these laws and their future
interpretations may have on these services.
Employees and Labor
As of January 31, 2011, our businesses employed approximately 7,000 employees, of which 5,000 employees are
located outside of the United States. Our United States based employees are not represented by any unions or
collective bargaining agreements.
Available Information
The Western Union Company is a Delaware corporation and its principal executive offices are located at 12500
East Belford Avenue, Englewood, CO, 80112, telephone (866) 405-5012. The Company’s Annual Report on
Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and amendments to those reports are
available free of charge through the “Financial Information” portion of the Company’s web site,
www.westernunion.com, as soon as reasonably practical after they are filed with the Securities and Exchange
Commission, or the “SEC.” The SEC maintains a web site, www.sec.gov, which contains reports, proxy and
information statements, and other information filed electronically with the SEC by the Company.
Executive Officers of the Registrant
As of February 25, 2011, our executives consist of the individuals listed below:
Name Age Position
Hikmet Ersek .............................. 50 President, Chief Executive Officer and Director
Robin Heller ............................... 45 Executive Vice President, Operations and IT
Scott Scheirman .......................... 48 Executive Vice President and Chief Financial Officer
David Schlapbach ....................... 52 Executive Vice President, General Counsel and Secretary
Stewart A. Stockdale ................... 49 President, The Americas and Executive Vice President, Global
Cards and Global Key Accounts
Grover Wray ............................... 50 Executive Vice President of Human Resources
David G. Yates ............................ 48 Executive Vice President and President, Business Development and
Innovation
Hikmet Ersek is our President and Chief Executive Officer (from September 2010) and a member of the
Company’s Board of Directors (from April 2010). From January 2010 to August 2010, Mr. Ersek served as the
Company’s Chief Operating Officer. Prior to January 2010, Mr. Ersek served as the Company’s Executive Vice
President and Managing Director, Europe, Middle East, Africa and Asia Pacific Region from December 2008. From
September 2006 to December 2008, Mr. Ersek served as the Company’s Executive Vice President and Managing
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