Western Union has taken of 451st position in the rating Fortune 500 in 2009, having moved from 473rd line in 2008. Another invention of Western Union - time synchronization. One of the common kinds of money transfer is a transfer via the international system of Western Union. In 1914 Western Union engineers invented the first payment card - a prototype of the modern credit card. In 1849, Selden and Sibley, the founders of the future Western Union, created the New York State Printing Telegraph Company.