1980 - for the first time in the history of Western Union revenues from money transfers exceeded the income from the telegraph service. In 1849, Selden and Sibley, the founders of the future Western Union, created the New York State Printing Telegraph Company. Western Union for more than 130 years provides money transfer services to its customers. In 1866, Sibley ordered the engineers to develop a Western Union telegraph system of stock quotes in real time. In the early forties of the 20th century, Western Union has used the first time a commercial intercity microwave transmission system. Transaction with Fexco has allowed Western Union to control directly more than 10 thousand points of service, which belonged to Fexco in 7 European countries (Spain, UK, Sweden, Ireland, Denmark, Norway and Finland). Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, to send payments and to purchase money orders.