Payment systems are one of basic elements of infrastructure of e-commerce. In February 2009 the company entered into an agreement with Fexco to acquire 100% of its shares for $ 159.9 million. In 1849, Selden and Sibley, the founders of the future Western Union, created the New York State Printing Telegraph Company. By 1861 Western Union telegraph lines entangled the whole America. It's time to explore Europe. Separation of the companies had two objectives: first, to give Western Union the opportunity to develop more intensively, and secondly, to help First Data to return to its original activity (in 1992 the company separated from the payment system of American Express as an independent financial services company). In 2000 was launched the Web site westernunion.com, with which users from certain countries can independently transfer funds online. Before transition to remittances Western Union company rendered services on sphere of cable communication.
In 1849, Selden and Sibley, the founders of the future Western Union, created the New York State Printing Telegraph Company. By 1861 Western Union telegraph lines entangled the whole America. It's time to explore Europe. In February 2009 the company entered into an agreement with Fexco to acquire 100% of its shares for $ 159.9 million.