In the early forties of the 20th century, Western Union has used the first time a commercial intercity microwave transmission system. In 1935, Western Union has put into operation first intercity fax communication. Leaving the idea of expansion into Europe, Western Union took up the expansion of services in the U.S. market. 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. In 1879 Western Union left the telephone business after losing a lawsuit against Alexander Graham Bell - the patent holder on the phone. In 1856, in 7 years after the foundation of New York State Printing Telegraph Company, the company changed its name to Western Union Telegraph Company. In October 1871 the company Western Union began to provide money transfer services, drawing on its own extensive telegraph network. Western Union for more than 130 years provides money transfer services to its customers.