In 1935, Western Union has put into operation first intercity fax communication. In 1914 Western Union engineers invented the first payment card - a prototype of the modern credit card. Money transfer is a matter of minutes, at any distance. 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 the summer of 1990 top managers of the Western Union Company spent day and night in the main office in Englewood (Colorado, USA). They needed to meet the challenge: to save the Western Union from bankruptcy, paying off the debts of the company millions of dollars. In the Western Union in the 30s of the 20th century worked 14 thousand couriers delivering telegrams.
Western union sending money to Qatar
Qatar have 15 cities with Western Union money transfer agent location. All country.
Money transfer is a matter of minutes, at any distance. 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 1914 Western Union engineers invented the first payment card - a prototype of the modern credit card.
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In February 2009 the company entered into an agreement with Fexco to acquire 100% of its shares for $ 159.9 million. In 1884 Western Union has become a joint-stock company and was brought to the stock exchange. The company has entered in the first American stock index Dow Jones. 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. By 1861 Western Union telegraph lines entangled the whole America. It's time to explore Europe. In 1860 the U.S. Congress arranged among the telegraph companies a competition to create a national line. The winner was Western Union. Western Union offers one of the easiest ways for families and friends to send money and stay connected almost anywhere in the world. On the market was placed about 765 million of ordinary shares of the company. On the first day trading on the exchange the company's shares rose by 3.3% and the cost was $ 19.96. In 1991, Western Union has sold some low-profit division of the company AT & T, GM Hughes Electronics, and to some others. In the same year the company changed its name to New Valley Corp.