Western Union has taken of 451st position in the rating Fortune 500 in 2009, having moved from 473rd line in 2008. The presence of Western Union Gold Card at the client greatly simplifies the process of further processing of money transfers of and reduces the operation time for the sending of money, as the "Gold Card" is a carrier of the personal information about the client. In 1920, Western Union has implemented the world's first transmission of images over the ocean. The first offices of company were located in the Reynolds Arcade building in Rochester, New York. The sign above the main entrance to the building - By 1861 Western Union telegraph lines entangled the whole America. It's time to explore Europe. In 1914 Western Union engineers invented the first payment card - a prototype of the modern credit card. All you need for sending money via Western Union is to go to the nearest branch of Western Union, fill out the transfer printed form, show your passport and then send money. Money transfer is a matter of minutes, at any distance. In 1879 Western Union left the telephone business after losing a lawsuit against Alexander Graham Bell - the patent holder on the phone. Before transition to remittances Western Union company rendered services on sphere of cable communication.
Western union sending money to Indonesia
In 1920, Western Union has implemented the world's first transmission of images over the ocean. The first offices of company were located in the Reynolds Arcade building in Rochester, New York. The sign above the main entrance to the building - The presence of Western Union Gold Card at the client greatly simplifies the process of further processing of money transfers of and reduces the operation time for the sending of money, as the "Gold Card" is a carrier of the personal information about the client.
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In the early 60s Western Union has put into operation transcontinental microwave system of data transmission via radio waves, completely replacing the web of telegraph poles and wires. In 1866, Sibley ordered the engineers to develop a Western Union telegraph system of stock quotes in real time. In order to increase competitiveness and market expansion of its services, Western Union launched a program of loyalty Western Union Gold Card for customers, who has repeatedly made money transfers via Western Union. Number of active holders of "Golden Card" of Western Union amounted to 9.5 million people worldwide. All you need for sending money via Western Union is to go to the nearest branch of Western Union, fill out the transfer printed form, show your passport and then send money. Separation of the companies had two objectives: first, to give Western Union the opportunity to develop more intensively, and secondly, to help First Data to return to its original activity (in 1992 the company separated from the payment system of American Express as an independent financial services company). On the market was placed about 765 million of ordinary shares of the company. On the first day trading on the exchange the company's shares rose by 3.3% and the cost was $ 19.96. The Western Union Company is a financial services and communications company based in the United States. In October 2006 the company made an initial public offering of shares on the New York Stock Exchange, becoming independent from First Data company. 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.