As a result of 2011, net income of Western Union has increased by 28% to $ 1.165 billion, the company reported. Money transfer is a matter of minutes, at any distance. 1970 - a new service called In 2000 was launched the Web site westernunion.com, with which users from certain countries can independently transfer funds online. Sibley, the founder of Western Union, did not build a new telegraph lines, and persuaded the other players to join. American Telegraph Company, however, still had to buy it.