Western Union has taken of 451st position in the rating Fortune 500 in 2009, having moved from 473rd line in 2008. The size of the commission fee for the transfer is charged according to the Western Union tariffs and depends on the amount of money sent. One of the common kinds of money transfer is a transfer via the international system of Western Union. You do not need to open a bank account, so you can send or receive money in any of the 170 000 service points of Western Union around the world. In 1991, Western Union has sold some low-profit division of the company AT & T, GM Hughes Electronics, and to some others. In the same year the company changed its name to New Valley Corp. 1970 - a new service called In the 1910-1920 years. Western Union is actively engaged in researching, innovating in the field of data transmission.