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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. Western Union has taken of 451st position in the rating Fortune 500 in 2009, having moved from 473rd line in 2008. 1970 - a new service called 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. In 1879 Western Union left the telephone business after losing a lawsuit against Alexander Graham Bell - the patent holder on the phone. In the 1910-1920 years. Western Union is actively engaged in researching, innovating in the field of data transmission.


Western union sending money to Switzerland

1970 - a new service called 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. Western Union has taken of 451st position in the rating Fortune 500 in 2009, having moved from 473rd line in 2008.


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In 1920, Western Union has implemented the world's first transmission of images over the ocean. Western Union for more than 130 years provides money transfer services to its customers. In 1866, Sibley ordered the engineers to develop a Western Union telegraph system of stock quotes in real time. The first offices of company were located in the Reynolds Arcade building in Rochester, New York. The sign above the main entrance to the building - 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). 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 1879 Western Union left the telephone business after losing a lawsuit against Alexander Graham Bell - the patent holder on the phone. In 1933, by the Western Union Company were invented "singing telegrams". 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. In the Western Union in the 30s of the 20th century worked 14 thousand couriers delivering telegrams.