Western Union has taken of 451st position in the rating Fortune 500 in 2009, having moved from 473rd line in 2008. Another invention of Western Union - time synchronization. One of the common kinds of money transfer is a transfer via the international system of Western Union. 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 1849, Selden and Sibley, the founders of the future Western Union, created the New York State Printing Telegraph Company.