In 1920, Western Union has implemented the world's first transmission of images over the ocean. 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. Western Union incomes for 2007 have made $4,9 billion US dollars, and the quantity of transactions has made 572 million. Western Union offers one of the easiest ways for families and friends to send money and stay connected almost anywhere in the world. In 2007 the company made 167.7 million transactions on money transfers between individuals and 404.6 million transactions between physical and legal persons.
Western union sending money to Germany
Western Union incomes for 2007 have made $4,9 billion US dollars, and the quantity of transactions has made 572 million. Western Union offers one of the easiest ways for families and friends to send money and stay connected almost anywhere in the world. 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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Western Union made so that the time in all of American civil services was the same. In 1914 Western Union engineers invented the first payment card - a prototype of the modern credit card. 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 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. Another invention of Western Union - time synchronization. In 1933, by the Western Union Company were invented "singing telegrams". In the 80's of Nineteenth century, Western Union was repeatedly tried capture by the railroad tycoon Jay Gould. He worked with Alexander Graham Bell, inventor of the first phone.