Payment systems are one of basic elements of infrastructure of e-commerce. July 3, 1884 the company's shares were included in the calculation base for the newly created stock index Dow Jones Transportation Average. In October 1871 the company Western Union began to provide money transfer services, drawing on its own extensive telegraph network. Number of active holders of "Golden Card" of Western Union amounted to 9.5 million people worldwide. The Western Union Company is a leader in global payment services In 1914 Western Union engineers invented the first payment card - a prototype of the modern credit card. In October 2006 the company made an initial public offering of shares on the New York Stock Exchange, becoming independent from First Data company.
In October 1871 the company Western Union began to provide money transfer services, drawing on its own extensive telegraph network. Number of active holders of "Golden Card" of Western Union amounted to 9.5 million people worldwide. July 3, 1884 the company's shares were included in the calculation base for the newly created stock index Dow Jones Transportation Average.