In February 2009 the company entered into an agreement with Fexco to acquire 100% of its shares for $ 159.9 million. Number of active holders of "Golden Card" of Western Union amounted to 9.5 million people worldwide. The size of the commission fee for the transfer is charged according to the Western Union tariffs and depends on the amount of money sent. In 1914 Western Union engineers invented the first payment card - a prototype of the modern credit card. 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. The Western Union Company is a financial services and communications company based in the United States. 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 sending money to Yemen
The size of the commission fee for the transfer is charged according to the Western Union tariffs and depends on the amount of money sent. In 1914 Western Union engineers invented the first payment card - a prototype of the modern credit card. Number of active holders of "Golden Card" of Western Union amounted to 9.5 million people worldwide.
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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. 1970 - a new service called July 3, 1884 the company's shares were included in the calculation base for the newly created stock index Dow Jones Transportation Average. In 1866, Sibley ordered the engineers to develop a Western Union telegraph system of stock quotes in real time. 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 the 1910-1920 years. Western Union is actively engaged in researching, innovating in the field of data transmission.