In recent months Western Union has connected with PSI-Pay, a provider of worldwide payment solutions, to get any money regulated the ewallet type of service for customers. This is a great concept for the Western Union that shows that the company is considering ways to grow as technology is changing.
PSI-Pay is a United Kingdom-based platform, and the Western Union connection with ecoPayz makes it possible for people to get money transferred from the United Kingdom in an instant. The need for this type of money transfer is much more prevalent now that technology allows more people to connect with one another. People are traveling more, and they find themselves in places where they need to get money when they are away from their home base.
Western Union has always been the company that has specialized in these money transfers, but in the past, this was primarily done by going to a Western Union location. These locations still exist, but this cannot be the only method that people rely on when it comes to getting money to someone else. The e-money concept, along with PSI-Pay and all other types of electronic currency is becoming much more prevalent. In order for a company like Western Union to remain relevant, there had to be a change in the way that business was being done.
The effort to connect with ecoPayz and PSI-Pay shows that Western Union is conscious of the need for cross currency and across the border currency transactions. For a company that has been known for getting money to customers within a short time frame, this works perfectly into the platform that this company was already known for. It is not a new concept that they are exploring. By contrast, Western Union is simply focusing on expanding a core competency to a new environment where more people can benefit from these services.
For the Generation Z that depends primarily on technology for all of their various transactions, it makes sense to incorporate an e-money based solution where people can use electronic wallets to initiate transactions. This is an excellent growth strategy for a company that is known for helping customers move currency.
Currently, Mathew Autterson is the Chief Executive Officer, board member and president of CNS Bioscience, Inc. The company deals with clinical drug development concentrating in neuropathic pain. Scot Falci was the founder of the company in the year 2013.
He also acts as a board member at Falci Adaptive Biosystems. Matthew Autterson philanthropic interests are represented in the in the organization. He is able to reach out to people living with neuromotor disabilities, helping them to live better lives.
In 1980, Matthew Autterson graduated with a B.A. in Finance from Stet University, Michigan. He also attended a Graduate Tax Program at the University of Denver. He started his career in a subsidiary of Fiserv, the First Trust Corporation. He later left the corporation and has ever since worked in different capacities as an executive leader at different companies.
For 25 years of career practicing, Mathew focused in the financial industry offering his services. He did so well that apart from being in leadership position in most of the institutions he worked for, Mathew has been a financial institution president. This was not just any common financial institution but one of the largest chartered financial institutions in New York State.
As a result of his tireless work and dedication, Mathew became a president at a young age and was a member of young presidents’ organization. He actively participated in the organization where got challenged and learned new ideas from other members. He was also a member of the World President’s Organization. Here, diversity was embraced, and ideas were generated on to create better presidents in whichever organization one represented.
As a philanthropist, Mathew Autterson has sponsored several projects such as the Do at the Zoo. He was among the highest contributing sponsors in the project which aimed at building a carousel for children. His contribution impacted positively in the success of the project which got completed and functional in the following month.
Other than financial interests, Mathew participates in other activities such as games. He participated in a 1,296-mile race in Mexico on a ragged offside road together with his daughter Madison Autterson and the high-profile socialite Holly Kylberg. As a team of six, they were able to beat their competitor with a time gap of 4 hours. Visit This Site for more info.
Apart from being in business and philanthropy, Mathew spares time to spend with his family and care for it. He natures his children as seen when participating a race with his daughter and stand by his wife at all times.