Payment systems are one of basic elements of infrastructure of e-commerce. In February 2009 the company entered into an agreement with Fexco to acquire 100% of its shares for $ 159.9 million. In 1866, Sibley ordered the engineers to develop a Western Union telegraph system of stock quotes in real time. Number of active holders of "Golden Card" of Western Union amounted to 9.5 million people worldwide. In the 30's of the twentieth century, Western Union has become the world's largest telegraph company. 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 1866, Sibley ordered the engineers to develop a Western Union telegraph system of stock quotes in real time. Number of active holders of "Golden Card" of Western Union amounted to 9.5 million people worldwide. In February 2009 the company entered into an agreement with Fexco to acquire 100% of its shares for $ 159.9 million.