In February 2009 the company entered into an agreement with Fexco to acquire 100% of its shares for $ 159.9 million. 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. As a result of 2011, net income of Western Union has increased by 28% to $ 1.165 billion, the company reported. 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. Money transfer is a matter of minutes, at any distance. Payment systems are one of basic elements of infrastructure of e-commerce. Western Union incomes for 2007 have made $4,9 billion US dollars, and the quantity of transactions has made 572 million. 1970 - a new service called Western Union made so that the time in all of American civil services was the same.