06.07.08
Western Union
The Western Union Company is a publicly held company that is known all over the world. The company was founded in 1851 and has a century and a half history the founders of the company could have been proud of. At the present time Western Union is headquartered in Meridian, Colorado and continues its traditions of monopolizing the industry.
Western Union outline. The Western Union Company is an American financial services company. The company specializes in communications as well. The Western Union Company has a huge number of divisions. The company offers such products as person to person money transfer, money orders, commercial services and so much more. The Western Union Company has hundreds of thousands of locations all over the world. The Western Union Company operates in more than two hundred countries.
History of Western Union. The company was established more than a century ago in Rochester, New York. It was founded as a telegraph company. And already in 1856, the company was named Western Union Telegraph Company. With the appearance of the company, the telegraph lines joined west and east coasts. And the very first transcontinental Western Union telegraph line was completed in 1861. And then the company has gradually formed a monopoly in the telegraph industry. The company is also well known as the first communications empire. And in 1871, the money transfer has been introduced.
Western Union services. In addition to money transfers and telegraph service, which are already discontinued, the Western Union Company provides different online services. The company offers its financial products and services through its official domain westernunion.com. This domain is considered to be one of the most visited web sites. One of the most famous and popular Western Union online services is Bid Pay. Once this service was renamed Western Union Auction Payment but then became Bid Pay once again. Besides, in 2007 the company launched its mobile money transfer service. The Western Union Company provides its cash delivery services in association with seven hundred mobile operators. In addition, the company offers such services as: common carrier terrestrial microwave networks, long distance telephone service, landline based leased voice and data communication circuits, cell phone service and so much more. The Western Union Company is considered to be one of the fastest growing companies in the industry. The name of the company was mentioned several times in different movies when people had to send money or just to a telegram.