Western Union has taken of 451st position in the rating Fortune 500 in 2009, having moved from 473rd line in 2008. In October 1871 the company has implemented the world's first telegraph money order. After a century money transfers have become a major source of income for Western Union. The Western Union Company is a financial services and communications company based in the United States. In 1933, by the Western Union Company were invented "singing telegrams". In the Western Union in the 30s of the 20th century worked 14 thousand couriers delivering telegrams.
Western union sending money to Bahrain
The Western Union Company is a financial services and communications company based in the United States. In 1933, by the Western Union Company were invented "singing telegrams". In October 1871 the company has implemented the world's first telegraph money order. After a century money transfers have become a major source of income for Western Union.
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In 1856, in 7 years after the foundation of New York State Printing Telegraph Company, the company changed its name to Western Union Telegraph Company. In February 2009 the company entered into an agreement with Fexco to acquire 100% of its shares for $ 159.9 million. In 1866, Sibley ordered the engineers to develop a Western Union telegraph system of stock quotes in real time. By 1861 Western Union telegraph lines entangled the whole America. It's time to explore Europe. 1998 - the number of points of money transfers worldwide reached 50,000. The network of money transfers of Western Union is the world's largest. The Western Union Company - the American company, specialising on granting of services of monetary intermediary. Western Union was founded in 1851. The company is one of leaders in the market of the international remittances. Founder of Western Union Hiram Sibley was born in 1807 in Massachusetts (USA). At age of 14 has mastered the profession of shoemaker, at age 16 he left his native cityand moved to New York, where he went into wool carder. Before transition to remittances Western Union company rendered services on sphere of cable communication.