Money transfer agent locations

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 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. In October 1871 the company Western Union began to provide money transfer services, drawing on its own extensive telegraph network. 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. The project of congressmen involved the construction of lines with the length of two thousand miles in 10 years. Western Union handled the government task within 112 days. The secret of Sibley was simple: he used the tactics of the "Western Union". The Western Union Company uses the most up to date technologies and its unique worldwide computer network that allows to carry out quick money transfers payments in more than 190 countries around the world. In 1877, starting from September, New York City residents began to have the opportunity to check the time on clock with the "time ball", located on the roof of constructed in the same year a new corporate headquarters - Western Union Building. Before transition to remittances Western Union company rendered services on sphere of cable communication.


Western union sending money to South Africa

In October 1871 the company Western Union began to provide money transfer services, drawing on its own extensive telegraph network. 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. 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.


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Western Union has taken of 451st position in the rating Fortune 500 in 2009, having moved from 473rd line in 2008. Sibley, the founder of Western Union, did not build a new telegraph lines, and persuaded the other players to join. American Telegraph Company, however, still had to buy it. Transaction with Fexco has allowed Western Union to control directly more than 10 thousand points of service, which belonged to Fexco in 7 European countries (Spain, UK, Sweden, Ireland, Denmark, Norway and Finland). In the 30's of the twentieth century, Western Union has become the world's largest telegraph company. In 1914 Western Union engineers invented the first payment card - a prototype of the modern credit card. The project of congressmen involved the construction of lines with the length of two thousand miles in 10 years. Western Union handled the government task within 112 days. The secret of Sibley was simple: he used the tactics of the "Western Union". 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 October 2006 the company made an initial public offering of shares on the New York Stock Exchange, becoming independent from First Data company.