Western Union made so that the time in all of American civil services was the same. In October 1871 the company Western Union began to provide money transfer services, drawing on its own extensive telegraph network. In October 1871 the company has implemented the world's first telegraph money order. After a century money transfers have become a major source of income for Western Union. Money transfer is a matter of minutes, at any distance. Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, to send payments and to purchase money orders. 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).
Western union sending money to Thailand
In October 1871 the company has implemented the world's first telegraph money order. After a century money transfers have become a major source of income for Western Union. Money transfer is a matter of minutes, at any distance. In October 1871 the company Western Union began to provide money transfer services, drawing on its own extensive telegraph network.
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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. In February 2009 the company entered into an agreement with Fexco to acquire 100% of its shares for $ 159.9 million. 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 - 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". Money transfer is a matter of minutes, at any distance. 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.