In 1914 Western Union engineers invented the first payment card - a prototype of the modern credit card. All you need for sending money via Western Union is to go to the nearest branch of Western Union, fill out the transfer printed form, show your passport and then send money. In 2007 the company made 167.7 million transactions on money transfers between individuals and 404.6 million transactions between physical and legal persons. Another invention of Western Union - time synchronization. Thanks to cooperation with Western Union the Associated Press at the end of the XIX century took almost monopolistic position in the U.S. market news. In 1933, by the Western Union Company were invented "singing telegrams".
Western union sending money to Russian Federation
In 2007 the company made 167.7 million transactions on money transfers between individuals and 404.6 million transactions between physical and legal persons. Another invention of Western Union - time synchronization. All you need for sending money via Western Union is to go to the nearest branch of Western Union, fill out the transfer printed form, show your passport and then send money.
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You do not need to open a bank account, so you can send or receive money in any of the 170 000 service points of Western Union around the world. Leaving the idea of expansion into Europe, Western Union took up the expansion of services in the U.S. market. Number of active holders of "Golden Card" of Western Union amounted to 9.5 million people worldwide. In 1879 Western Union left the telephone business after losing a lawsuit against Alexander Graham Bell - the patent holder on the phone. Before transition to remittances Western Union company rendered services on sphere of cable communication.