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"These scholarships will be presented to promising students nominated by our customers. We're very pleased to make an investment in the successful future of students from our community."
SYOSSET, NY, April 10, 2017 /24-7PressRelease/ -- Pay-O-Matic, New York's largest and most convenient check casher, has teamed up with The Western Union Foundation to present scholarships to students in the community. The WU+Pay-O-Matic Scholars Program provides $2,500 scholarships to students pursuing college/university degrees related to science, technology, engineering, mathematics, or business/entrepreneurship.
Pay-O-Matic is contributing two $2,500 scholarships, and The Western Union Foundation is matching the donation dollar-for-dollar, for a total of four $2,500 scholarships.
"These scholarships will be presented to promising students nominated by our customers," said Jay Guskind, President and CEO of Pay-O-Matic. "We're very pleased to make an investment in the successful future of students from our community."
The WU+Pay-O-Matic Scholars Program promotes study in the science, technology, engineering and mathematics (STEM) fields and business/entrepreneurship because young people who pursue careers in these fields are often able to improve their employment opportunities and earning potential over time.
"Better education today leads to better employment opportunities tomorrow," noted Guskind. "The WU+Pay-O-Matic Scholars Program is founded on that notion."
A WU+Pay-O-Matic Scholar embodies the following characteristics:
- Perseverance--Exemplify the determination to achieve their educational goals despite challenges or obstacles
- Aspiration--Strive to better themselves to better the world, studying career paths for in-demand, 21st century careers
- Community-Minded--Aim to make the world a better place as global citizens and community leaders
"Pay-O-Matic is an active and contributing member of the communities our stores serve," said Guskind. "Recognizing and supporting students who exemplify these values will help make our communities stronger."
About The Western Union Foundation
The Western Union Foundation is dedicated to creating a better world, where the ability to realize dreams through economic opportunity is not just a privilege for the few but a right for all. Through its signature program, Education for Better, and with the support of The Western Union Company, its employees, Agents, and business partners, The Western Union Foundation works to realize this vision by supporting education and disaster relief efforts as pathways toward a better future. Our combined social ventures efforts make life better for individuals, families and communities around the world. The Western Union Foundation has paid more than $111 million in charitable giving since inception in 2001. These funds have been pledged in more than 138 countries and territories. The Western Union Foundation is a separate 501(c)(3) recognized United States charity. To learn more, visit www.westernunionfoundation.org, or Follow us on Twitter @TheWUFoundation.
Pay-O-Matic is New York's largest provider of check cashing services, handling more than 19 million transactions annually. Founded in 1958, Pay-O-Matic has grown to 150 stores throughout the New York metropolitan area, with 51 locations in Brooklyn, 42 stores in the Bronx, 33 locations in Queens, 20 stores in Manhattan and four locations on Long Island. Pay-O-Matic locations offer check cashing and a portfolio of convenient services including bill payments, money transfers, money orders and prepaid debit cards. Pay-O-Matic is a neighborhood financial services provider and a proud member of the community. For more information, visit www.payomatic.com
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