Western Union Extends Contract With Pay-O-Matic

Western Union, a payments provider, said it has extended its contract with Pay-O-Matic, a check casher in the New York metropolitan area, for seven more years. The agreement includes Western Union Money Transfer and money order services, as well as bill payment services.

Under the terms of the agreement, customers at Pay-O-Matic’s 150 store locations in Brooklyn, the Bronx, Queens, Manhattan and Long Island will be able to send money to 500,000 Western Union Agent locations in 200 countries and territories, and also pay their bills through the Western Union Quick Collect service, Western Union said. WU was higher 1.6% recently.