1980 - for the first time in the history of Western Union revenues from money transfers exceeded the income from the telegraph service. Payment systems are one of basic elements of infrastructure of e-commerce. Each money transfer is protected with control number, that allows you to track and to ensure prompt payment of money specified by you person. Leaving the idea of expansion into Europe, Western Union took up the expansion of services in the U.S. market. Western Union incomes for 2007 have made $4,9 billion US dollars, and the quantity of transactions has made 572 million. Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, to send payments and to purchase money orders. One of the common kinds of money transfer is a transfer via the international system of Western Union. Another invention of Western Union - time synchronization. In 2000 was launched the Web site westernunion.com, with which users from certain countries can independently transfer funds online.
Western union sending money to United Kingdom
Each money transfer is protected with control number, that allows you to track and to ensure prompt payment of money specified by you person. Leaving the idea of expansion into Europe, Western Union took up the expansion of services in the U.S. market. Payment systems are one of basic elements of infrastructure of e-commerce.
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Western Union made so that the time in all of American civil services was the same. In 1935, Western Union has put into operation first intercity fax communication. The first offices of company were located in the Reynolds Arcade building in Rochester, New York. The sign above the main entrance to the building - In October 1871 the company Western Union began to provide money transfer services, drawing on its own extensive telegraph network. In 1914 Western Union engineers invented the first payment card - a prototype of the modern credit card. Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, to send payments and to purchase money orders. In 1864, fearing the laying of long underwater lines, Western Union offered to carry out laying of telegraph lines to Europe through the Russian Alaska under the narrow Bering Strait and then to Siberia with branching in the major cities of Europe. Thanks to cooperation with Western Union the Associated Press at the end of the XIX century took almost monopolistic position in the U.S. market news. Western Union has several divisions, with products such as person-to-person money transfer, money orders, business payments and commercial services. As a result of 2011, net income of Western Union has increased by 28% to $ 1.165 billion, the company reported.