In the 30's of the twentieth century, Western Union has become the world's largest telegraph company. 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. The Western Union Company is a leader in global payment services You do not need to open a bank account, so you can send or receive money in any of the 170 000 service points of Western Union around the world. Before transition to remittances Western Union company rendered services on sphere of cable communication. In 1879 Western Union left the telephone business after losing a lawsuit against Alexander Graham Bell - the patent holder on the phone. The Western Union Company is a financial services and communications company based in the United States. Western Union made so that the time in all of American civil services was the same.