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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 1920, Western Union has implemented the world's first transmission of images over the ocean. Western Union for more than 130 years provides money transfer services to its customers. In the early forties of the 20th century, Western Union has used the first time a commercial intercity microwave transmission system. Gold Card Loyalty Program Western Union Western Union incomes for 2007 have made $4,9 billion US dollars, and the quantity of transactions has made 572 million. In the Western Union in the 30s of the 20th century worked 14 thousand couriers delivering telegrams.


Western union sending money to Greece

Western Union for more than 130 years provides money transfer services to its customers. In the early forties of the 20th century, Western Union has used the first time a commercial intercity microwave transmission system. In 1920, Western Union has implemented the world's first transmission of images over the ocean.


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1980 - for the first time in the history of Western Union revenues from money transfers exceeded the income from the telegraph service. In February 2009 the company entered into an agreement with Fexco to acquire 100% of its shares for $ 159.9 million. Each money transfer is protected with control number, that allows you to track and to ensure prompt payment of money specified by you person. 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. Transaction with Fexco has allowed Western Union to control directly more than 10 thousand points of service, which belonged to Fexco in 7 European countries (Spain, UK, Sweden, Ireland, Denmark, Norway and Finland). 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. Western Union has several divisions, with products such as person-to-person money transfer, money orders, business payments and commercial services. 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. In the 1910-1920 years. Western Union is actively engaged in researching, innovating in the field of data transmission.