Western Union has taken of 451st position in the rating Fortune 500 in 2009, having moved from 473rd line in 2008. The presence of Western Union Gold Card at the client greatly simplifies the process of further processing of money transfers of and reduces the operation time for the sending of money, as the "Gold Card" is a carrier of the personal information about the client. In the early forties of the 20th century, Western Union has used the first time a commercial intercity microwave transmission system. In October 1871 the company Western Union began to provide money transfer services, drawing on its own extensive telegraph network. In 1877, starting from September, New York City residents began to have the opportunity to check the time on clock with the "time ball", located on the roof of constructed in the same year a new corporate headquarters - Western Union Building. Western Union offers one of the easiest ways for families and friends to send money and stay connected almost anywhere in the world. In October 2006 the company made an initial public offering of shares on the New York Stock Exchange, becoming independent from First Data company. In the 1910-1920 years. Western Union is actively engaged in researching, innovating in the field of data transmission.
Western union sending money to Uzbekistan
In the early forties of the 20th century, Western Union has used the first time a commercial intercity microwave transmission system. In October 1871 the company Western Union began to provide money transfer services, drawing on its own extensive telegraph network. The presence of Western Union Gold Card at the client greatly simplifies the process of further processing of money transfers of and reduces the operation time for the sending of money, as the "Gold Card" is a carrier of the personal information about the client.
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Leaving the idea of expansion into Europe, Western Union took up the expansion of services in the U.S. market. The Western Union Company uses the most up to date technologies and its unique worldwide computer network that allows to carry out quick money transfers payments in more than 190 countries around the world. Founder of Western Union Hiram Sibley was born in 1807 in Massachusetts (USA). At age of 14 has mastered the profession of shoemaker, at age 16 he left his native cityand moved to New York, where he went into wool carder. As a result of 2011, net income of Western Union has increased by 28% to $ 1.165 billion, the company reported.