Western Union Under Antitrust InvestigationDate: Saturday, February 7, 2004
Denver (Associated Press) -- The Justice Department has opened a civil antitrust investigation of Western Union Financial Services, the money-transfer subsidiary of First Data Corp.
The government has demanded information about contracts between Western Union, which runs the world's largest consumer money-transfer network, and its independent agents, Denver-based First Data said Thursday.
First Data said in a statement that Western Union's contract practices "reflect common industry norms." It said the Justice Department has not begun any legal action against Western Union.
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