1980 - for the first time in the history of Western Union revenues from money transfers exceeded the income from the telegraph service. In 1860 the U.S. Congress arranged among the telegraph companies a competition to create a national line. The winner was Western Union. Another invention of Western Union - time synchronization. In October 2006 the company made an initial public offering of shares on the New York Stock Exchange, becoming independent from First Data company. Before transition to remittances Western Union company rendered services on sphere of cable communication. In 2000 was launched the Web site westernunion.com, with which users from certain countries can independently transfer funds online.