Leaving the idea of expansion into Europe, Western Union took up the expansion of services in the U.S. market. Number of active holders of "Golden Card" of Western Union amounted to 9.5 million people worldwide. In 1914 Western Union engineers invented the first payment card - a prototype of the modern credit card. In 1995, First Financial Management was acquired by First Data Corp. (the deal amounted to $ 7 billion), and Western Union Financial Services became a subsidiary of First Data. 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). In 2007 the company made 167.7 million transactions on money transfers between individuals and 404.6 million transactions between physical and legal persons. Thanks to cooperation with Western Union the Associated Press at the end of the XIX century took almost monopolistic position in the U.S. market news. In the 1910-1920 years. Western Union is actively engaged in researching, innovating in the field of data transmission.
Western union sending money to Iraq
Iraq have 23 cities with Western Union money transfer agent location. All country.
In 1914 Western Union engineers invented the first payment card - a prototype of the modern credit card. In 1995, First Financial Management was acquired by First Data Corp. (the deal amounted to $ 7 billion), and Western Union Financial Services became a subsidiary of First Data. Number of active holders of "Golden Card" of Western Union amounted to 9.5 million people worldwide.
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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. You do not need to open a bank account, so you can send or receive money in any of the 170 000 service points of Western Union around the world. In 1866, Sibley ordered the engineers to develop a Western Union telegraph system of stock quotes in real time. 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. The Western Union Company is a financial services and communications company based in the United States. In 2000 was launched the Web site westernunion.com, with which users from certain countries can independently transfer funds online.