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.
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.