In 1935, Western Union has put into operation first intercity fax communication. Western Union for more than 130 years provides money transfer services to its customers. The Western Union Company is a leader in global payment services The project of congressmen involved the construction of lines with the length of two thousand miles in 10 years. Western Union handled the government task within 112 days. The secret of Sibley was simple: he used the tactics of the "Western Union". Thanks to cooperation with Western Union the Associated Press at the end of the XIX century took almost monopolistic position in the U.S. market news. In the 1910-1920 years. Western Union is actively engaged in researching, innovating in the field of data transmission. In the Western Union in the 30s of the 20th century worked 14 thousand couriers delivering telegrams.
Western union sending money to Denmark
The Western Union Company is a leader in global payment services The project of congressmen involved the construction of lines with the length of two thousand miles in 10 years. Western Union handled the government task within 112 days. The secret of Sibley was simple: he used the tactics of the "Western Union". Western Union for more than 130 years provides money transfer services to its customers.
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Payment systems are one of basic elements of infrastructure of e-commerce. In the early forties of the 20th century, Western Union has used the first time a commercial intercity microwave transmission system. The Western Union Company uses the most up to date technologies and its unique worldwide computer network that allows to carry out quick money transfers payments in more than 190 countries around the world. In 1995, First Financial Management was acquired by First Data Corp. (the deal amounted to $ 7 billion), and Western Union Financial Services became a subsidiary of First Data. As a result of 2011, net income of Western Union has increased by 28% to $ 1.165 billion, the company reported.