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Western Union Q3 2009 Earnings Call Transcript
Author: 123jump.com Staff
123jump.com
Last Update: 3:20 AM ET October 30 2009

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The Western Union Company third quarter revenues fell 5% to $1.31 billion and net income fell 25% to $181 million or 26 cents a share.


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Okay. And just one last question. Outside of domestic, can you give us a sense of the pricing trends, sounds like domestic is coming in but you''re sticking to the 2% compression for the year.

Christina A. Gold

Yeah. And really, the domestic price change was in that 2%.

James Kissane - Banc of America/Merrill Lynch

Okay. So it sounds like international might be a little bit better than what you were thinking about in the beginning of the year?

Christina A. Gold

Well it varies because it''s a mixture of all different quarters and timing but we feel -- we did do some pricing in international to gain market share but we feel good about our price position and where we are.

James Kissane - Banc of America/Merrill Lynch

Okay. All right. Thanks, Christina.

Christina A. Gold

Thank you, James.

Operator

And our next question will come from the line of Jason Kupferberg with UBS. Please proceed.

Jason A. Kupferberg - UBS

Thanks. Good morning, guys.

Scott T. Scheirman

Good morning.

Jason A. Kupferberg - UBS

I have a question to follow-up on the payment services directive, as you look out to 2010 since that will really be the first full year of implementation, I mean, can you help us frame the potential incremental revenue opportunity here? Obviously, you''ve already signed up a good number of new locations and sounds like more to come. So any frame of reference for the incremental revenue opportunity would be great?

Christina A. Gold
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