In February 2009 the company entered into an agreement with Fexco to acquire 100% of its shares for $ 159.9 million. In the early forties of the 20th century, Western Union has used the first time a commercial intercity microwave transmission system. As a result of 2011, net income of Western Union has increased by 28% to $ 1.165 billion, the company reported. Payment systems are one of basic elements of infrastructure of e-commerce. Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, to send payments and to purchase money orders.