Payment systems are one of basic elements of infrastructure of e-commerce. 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. In 1920, Western Union has implemented the world's first transmission of images over the ocean. The size of the commission fee for the transfer is charged according to the Western Union tariffs and depends on the amount of money sent. Transaction with Fexco has allowed Western Union to control directly more than 10 thousand points of service, which belonged to Fexco in 7 European countries (Spain, UK, Sweden, Ireland, Denmark, Norway and Finland). By 1861 Western Union telegraph lines entangled the whole America. It's time to explore Europe. In 2007 the company made 167.7 million transactions on money transfers between individuals and 404.6 million transactions between physical and legal persons. 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.
Kingdom Of Saudi Arabia have 53 cities with Western Union money transfer agent location. All country.
In 1849, Selden and Sibley, the founders of the future Western Union, created the New York State Printing Telegraph Company. In 1920, Western Union has implemented the world's first transmission of images over the ocean. In 1935, Western Union has put into operation first intercity fax communication.