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In 1884 Western Union has become a joint-stock company and was brought to the stock exchange. The company has entered in the first American stock index Dow Jones. In 1935, Western Union has put into operation first intercity fax communication. In 1849, Selden and Sibley, the founders of the future Western Union, created the New York State Printing Telegraph Company. Western Union incomes for 2007 have made $4,9 billion US dollars, and the quantity of transactions has made 572 million. Most service points of Western Union work in the time convenient for customers throughout the week and throughout the year. In 1864, fearing the laying of long underwater lines, Western Union offered to carry out laying of telegraph lines to Europe through the Russian Alaska under the narrow Bering Strait and then to Siberia with branching in the major cities of Europe. One of the common kinds of money transfer is a transfer via the international system of Western Union. In October 2006 the company made an initial public offering of shares on the New York Stock Exchange, becoming independent from First Data company.


Western union sending money to India

In 1849, Selden and Sibley, the founders of the future Western Union, created the New York State Printing Telegraph Company. Western Union incomes for 2007 have made $4,9 billion US dollars, and the quantity of transactions has made 572 million. In 1935, Western Union has put into operation first intercity fax communication.


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Each money transfer is protected with control number, that allows you to track and to ensure prompt payment of money specified by you person. America was on the verge of civil war and needed a reliable connection between the North and South. On the telegraph market of the USA at this time were operated with six large companies: American Telegraph Company, New York Albany and Buffalo Electro-Magnetic Telegraph Company, Atlantic and Ohio Telegraph, Illinois & Mississippi Telegraph Company, New Orleans & Ohio Telegraph Company, and the brainchild of Sibley & Co. - The Western Union Telegraph. In the early forties of the 20th century, Western Union has used the first time a commercial intercity microwave transmission system. Number of active holders of "Golden Card" of Western Union amounted to 9.5 million people worldwide. 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. In the summer of 1990 top managers of the Western Union Company spent day and night in the main office in Englewood (Colorado, USA). They needed to meet the challenge: to save the Western Union from bankruptcy, paying off the debts of the company millions of dollars. In the 1910-1920 years. Western Union is actively engaged in researching, innovating in the field of data transmission. As a result of 2011, net income of Western Union has increased by 28% to $ 1.165 billion, the company reported.