Banking III

 

Commerce SSS2 Third Term

WEEK 7

Banking iii

Performance Objectives

The student should be able to:

     1. Discuss the various forms of payment.

     2. Explain e-banking.

Content

Forms of payment contd

Western Union Money Transfer

The Western Union Company is a financial services and communication company based in the United States. It has been in operation for over 150 years and has over 400,000 agents. Western Union money transfer is a means of sending and receiving money easily. A sender presents the fund at Western Union office or any of their location and provides the details of the recipient. Western Union generates a 10 digit Money Transfer Control Number (MTCN) for the sender to be sent to…