In 1988, the company undertook a massive reorganization in response to rapidly changing business conditions. In particular, this need has arisen due to many technological changes that have taken place at that time. Company name was changed from Western Union Telegraph Co. to Western Union Corp. 1998 - the number of points of money transfers worldwide reached 50,000. The network of money transfers of Western Union is the world's largest. Before transition to remittances Western Union company rendered services on sphere of cable communication. In the 1910-1920 years. Western Union is actively engaged in researching, innovating in the field of data transmission.