In February 2009 the company entered into an agreement with Fexco to acquire 100% of its shares for $ 159.9 million. In the Western Union in the 30s of the 20th century worked 14 thousand couriers delivering telegrams. As a result of 2011, net income of Western Union has increased by 28% to $ 1.165 billion, the company reported. In April 1851 companions registered in Albany New York and Mississippi Valley Printing Telegraph Company (NYMVPTC), which included founded two years before New York State Printing Telegraph Company. July 3, 1884 the company's shares were included in the calculation base for the newly created stock index Dow Jones Transportation Average. Payment systems are one of basic elements of infrastructure of e-commerce. 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 2007 the company made 167.7 million transactions on money transfers between individuals and 404.6 million transactions between physical and legal persons. 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. Western Union for more than 130 years provides money transfer services to its customers.