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. In 1920, Western Union has implemented the world's first transmission of images over the ocean. Another invention of Western Union - time synchronization. 1970 - a new service called The Western Union Company is a financial services and communications company based in the United States. Western Union made so that the time in all of American civil services was the same.