Payment systems are one of basic elements of infrastructure of e-commerce. Western Union made so that the time in all of American civil services was the same. In 1884 Western Union has become a joint-stock company and was brought to the stock exchange. The company has entered in the first American stock index Dow Jones. July 3, 1884 the company's shares were included in the calculation base for the newly created stock index Dow Jones Transportation Average. 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". All you need for sending money via Western Union is to go to the nearest branch of Western Union, fill out the transfer printed form, show your passport and then send money. Another invention of Western Union - time synchronization.
Western union sending money to Turkey
In 1884 Western Union has become a joint-stock company and was brought to the stock exchange. The company has entered in the first American stock index Dow Jones. July 3, 1884 the company's shares were included in the calculation base for the newly created stock index Dow Jones Transportation Average. Western Union made so that the time in all of American civil services was the same.
Select your city for
Payment systems are one of basic elements of infrastructure of e-commerce. In October 1871 the company Western Union began to provide money transfer services, drawing on its own extensive telegraph network. Western Union incomes for 2007 have made $4,9 billion US dollars, and the quantity of transactions has made 572 million. In 1988, the company undertook a massive reorganization in response to rapidly changing business conditions. In particular, this need has arisen due to many technological changes that have taken place at that time. Company name was changed from Western Union Telegraph Co. to Western Union Corp. In the summer of 1990 top managers of the Western Union Company spent day and night in the main office in Englewood (Colorado, USA). They needed to meet the challenge: to save the Western Union from bankruptcy, paying off the debts of the company millions of dollars. In October 2006 the company made an initial public offering of shares on the New York Stock Exchange, becoming independent from First Data company.