1980 - for the first time in the history of Western Union revenues from money transfers exceeded the income from the telegraph service. 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 1849, Selden and Sibley, the founders of the future Western Union, created the New York State Printing Telegraph Company. In the 30's of the twentieth century, Western Union has become the world's largest telegraph company. 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. In 2000 was launched the Web site westernunion.com, with which users from certain countries can independently transfer funds online. In October 2006 the company made an initial public offering of shares on the New York Stock Exchange, becoming independent from First Data company. As a result of 2011, net income of Western Union has increased by 28% to $ 1.165 billion, the company reported.
Western union sending money to Oman
In 1849, Selden and Sibley, the founders of the future Western Union, created the New York State Printing Telegraph Company. In the 30's of the twentieth century, Western Union has become the world's largest telegraph company. 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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July 3, 1884 the company's shares were included in the calculation base for the newly created stock index Dow Jones Transportation Average. In 1866, Sibley ordered the engineers to develop a Western Union telegraph system of stock quotes in real time. 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 - In October 1871 the company Western Union began to provide money transfer services, drawing on its own extensive telegraph network. Gold Card Loyalty Program Western Union The Western Union Company is a leader in global payment services In the 30's of the twentieth century, Western Union has become the world's largest telegraph company. 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. Before transition to remittances Western Union company rendered services on sphere of cable communication.