Western Union is a US-based provider of global money transfer. It offers the ability to quickly transfer money around the world, pay bills and purchase money orders. This transfer is often used by migrant workers used to send money to relatives in their home countries.
Western Union was in 1851 in Rochester by Hiram Sibley (1807-1888) as The New York and Mississippi Valley Printing Telegraph Company was founded. In 1856 she changed her name to Western Union Telegraph Company (after they had taken over some of its competitors) to connect the telegraph lines from coast to coast to show. Western Union was in 1861 the first transcontinental telegraph line ready. 1865 she founded – for trying to America and Europe via Alaska and Siberia to Moscow to join – the Russian American
In 1869 she introduced the first stock market
1914 Western Union gave out the first credit card for consumers; 1920 she led Telegraph one to connect their offices. 1933 was followed by sung
In the early 1980s, Western Union began due to declining profits and rising debts the slow retreat of telecommunications-based systems. Given the time deregulation began in Western Union to expand its business with money transfers to areas outside the United States and the newly defined as “The fastest way to send money worldwide”. 1994 Western Union was the First Financial Management Corporation bought out a year later with the First Data Corporation went along. On 26 January 2006, the First Data Corporation announced the spin-off of Western Union as an independent, publicly traded company. Since 2 October 2006, Western Union as an independent company at the New York Stock Exchange traded (NYSE: WU).
President and Chief Executive Officer (CEO) since 1 Hikmet Ersek September