Payment systems are one of basic elements of infrastructure of e-commerce. Western Union made so that the time in all of American civil services was the same. In 1920, Western Union has implemented the world's first transmission of images over the ocean. In order to increase competitiveness and market expansion of its services, Western Union launched a program of loyalty Western Union Gold Card for customers, who has repeatedly made money transfers via Western Union. All you need for sending money via Western Union is to go to the nearest branch of Western Union, fill out the transfer printed form, show your passport and then send money. Western Union offers one of the easiest ways for families and friends to send money and stay connected almost anywhere in the world. Separation of the companies had two objectives: first, to give Western Union the opportunity to develop more intensively, and secondly, to help First Data to return to its original activity (in 1992 the company separated from the payment system of American Express as an independent financial services company). Another invention of Western Union - time synchronization.
Western union sending money to United States
In 1920, Western Union has implemented the world's first transmission of images over the ocean. In order to increase competitiveness and market expansion of its services, Western Union launched a program of loyalty Western Union Gold Card for customers, who has repeatedly made money transfers via Western Union. Western Union made so that the time in all of American civil services was the same.
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In February 2009 the company entered into an agreement with Fexco to acquire 100% of its shares for $ 159.9 million. In 1849, Selden and Sibley, the founders of the future Western Union, created the New York State Printing Telegraph Company. In October 1871 the company Western Union began to provide money transfer services, drawing on its own extensive telegraph network. Gold Card Loyalty Program Western Union Western Union offers one of the easiest ways for families and friends to send money and stay connected almost anywhere in the world. In 1995, First Financial Management was acquired by First Data Corp. (the deal amounted to $ 7 billion), and Western Union Financial Services became a subsidiary of First Data. One of the common kinds of money transfer is a transfer via the international system of Western Union. In October 2006 the company made an initial public offering of shares on the New York Stock Exchange, becoming independent from First Data company. As a result of 2011, net income of Western Union has increased by 28% to $ 1.165 billion, the company reported.