Western Union has taken of 451st position in the rating Fortune 500 in 2009, having moved from 473rd line in 2008. 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. In 1914 Western Union engineers invented the first payment card - a prototype of the modern credit card. 1998 - the number of points of money transfers worldwide reached 50,000. The network of money transfers of Western Union is the world's largest. 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. Another invention of Western Union - time synchronization. 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.
Leaving the idea of expansion into Europe, Western Union took up the expansion of services in the U.S. market. In 1914 Western Union engineers invented the first payment card - a prototype of the modern credit card. 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.