In February 2009 the company entered into an agreement with Fexco to acquire 100% of its shares for $ 159.9 million. In 1914 Western Union engineers invented the first payment card - a prototype of the modern credit card. 1970 - a new service called The Western Union Company is a financial services and communications company based in the United States. All you need for sending money via Western Union is to go to the nearest branch of Western Union, fill out the transfer printed form, show your passport and then send money.