Western Union - Wikipedia The Free Encyclopedia

Western Union Company ( NYSE : WU is ), it is financial services and communications company , based in the United States. Its North American headquarters is in Englewood, Colorado . Maximum until 2006, Western Union, the United States was the most famous company in the business of exchanging telegrams .

Western Union, such as product and have to send money to people, from people in some sectors such money order to provide payment and commercial services, and business.

Western Union, industrialization and monopoly , dominant telegraph industry in the late 19th century. See Also most secure lender for loans . It was their first communication empire, set the pattern for American business communication styles that are known today. See Also money lenders no fees .

In 1851, New York and Mississippi Valley Printing Telegraph Company was organized in the year , Rochester, New York in the Hiram Sibley with the goal of creating one large, of other telegraph systems in a unified and efficient operation. On the other hand, Ezra Cornell is back, we changed the name of the New York & Western Union telegraph company bought one of his bankrupt companies. Was sure heavy competitors, the two groups, it was only their second choice was to progress the final integration in 1855 originally. The combined company, Western Union was born, and was named at the insistence of Cornell University and the Western Union telegraph company. ^[2]

Western Union, rapidly acquired a small business, in 1860, the line reaches the Kara east coast to the Mississippi River from, and the Great Lakes to the Ohio River . It was opened in 1861 the first transcontinental telegraph . It has been formed in 1865 the Russian American Telegraph in an attempt to link the United States to Europe, , via the Alaska to, Siberia to, Moscow . (This project was abandoned in 1867). The company enjoyed tremendous growth during the next few years. That total has risen from $ 385 700 in 1858 to $ 41 million in 1876. However, it is top heavy with the issue of shares, in the face of increasing competition from several companies in particular , the Atlantic and Pacific Ocean Telegraph Company - itself taken over by investor Jay Gould is in 1875. Check out also first delaware bank installment loans . ^[3] Western Union takes control of the Gould in the year ^{196 -201} 1881. ^{[4] [5]}

It first introduced in the stock market has been standardized time service in 1866, and 1870. Next year, 1871, the company was introduced remittance services on the basis of extensive telegraph network. In 1879, Western Union, left the phone lost, the business of patent litigation with Bell telephone company . ^[6] the phone as you have replaced the telegraph, money transfer is going to be its main business.

When the Dow Jones Transportation Average stock market index of the New York Stock Exchange (NYSE) was created in 1884, Western Union, was one of the all American companies keep track of 11 yuan.

Run and two million miles of international telegraph line in 1900, Western Union cable .

The company has acquired more than 500 small competitors, continued to grow. It postal telegraph, Inc. , When I bought its biggest competitor, has almost completed its monopoly power in 1943.

Western Union, first in 1914 to be provided to credit card it will be introduced in the year 1923, for consumers to teletypewriters to participate in its branches. See Also money management software . Singing telegram followed in 1933, Inter- fax in 1935, the commercial city of microwave communications in 1943. In 1958, it began offering Telex , and services to customers in New York City. ^[7] Western Union, was introduced to "Candygram" box of chocolates with a circular telegram featured in commercials in the 1960s Don Wilson . See Also money pak reload. In 1964, Western Union, began crossing the microwave system to replace the land line.

Fear during the Second World War, to arrive home by telegram from his son in a family of military service Western Union boy "his bike" Department of the Army and the Department of the Navy . Secretary of the Navy and the Secretary of the Army (and Air Force soldiers), the action in. regret to inform you that died or went missing (sailors and Marines), (serial number of the military service person's name, and rank): the message has begun

Western Union became the first American communications company to maintain its own fleet of geostationary communications satellites to begin in 1974. Fleet of satellites, called, Westar is , to communicate and Western Union telegram, in the enterprise mailgram the message data to Western Union office across the country. Check out also military loans guaranteed approval . In addition, the traffic processing for its Telex and TWX ( Telex II to provide) services. Westar satellites ' transponders have been leased to other companies for also relay video , voice , data , facsimile transmission (fax).

Western Union, passing on the right and its cable properties international system for connecting a telegraph line international to another company called Western Union International and sale (WUI) in that year to securities of the United States that in 1963 was held. See Also mn cash store . Sold the WUI to, securities of the United States in the year 1 983 MCI Communications to move the headquarters from the renamed MCI International , New York City to Rye Brook , New York .

Lease to the Department of Defense (DOD) and the U.S. only 50 are installed on the 1970 WUI of Kbps in order to provide a test bed for the DOD, high-speed communication equipment the U.S. mainland, Hawaii, Germany, between the United Kingdom Advanced Research Projects Agency a (ARPA). This test bed, and ARPA provides a proof of concept of packet switching technology for the Internet later became.

Purchase the interest of 50% of Western Union in 1981, the Airfone . Sell it Airfone to GTE for $ 39 million in cash. ^[8]

For decrease in profits and mounting debts, Western Union began to sell an asset-based telecommunications gradually starting in the early 1980s. For at the time of deregulation, re-inventing itself, it sends the money out of the country, the location of the agent to expand internationally as "the fastest way to send money around the world for" Western Union began.

In 1987, the investor Bennett S. LeBow is, we gain control of Western Union through the outside of the Chapter 11 process was leveraged recapitalization complex. See Also money now- usa . The transaction is backed up by a total of $ 900 million of high yield bonds and preferred stock underwriting Michael Milken 's group in the Drexel Burnham Lambert as part of the exchange offer. LeBow, we installed the Robert J. Amman as President and CEO, who led the restructuring of the balance sheet complete, operational and strategic company for six years thereafter.

Mr. Amman, as part of a provider of financial services that the consumer-based remittance, the less important of a large business, remittance business, to redirect the Western Union because it is asset-based provider of communications services strategy was executed. By doing so, he in Amman, was running the company as an independent company of two. One business were made up of business and operation funds remittance was to take advantage of significant growth opportunity. The second unit is composed of non-strategic assets of communication with all of the following possible , long distance analog voice network assets, satellite operators, the submarine cable. Amman Mr. Robert A. Schriesheim has been installed by LeBow also as special advisor to oversee the sale of communications assets non-strategic to four $ 280 million approximately, was supported by three years until 1990.

The official name of the company was changed as follows: Valley Corporation new Mr. As part of its strategy of Amman, only to seek bankruptcy protection, that entity in order to eliminate the overleveraged balance sheet while continuing to grow your business remittance in time, in 1991. The name change, from being dragged through the (PR bad cause) and the procedure, have been taken to protect the name of the Western Union. Check out also my 500 cash now . ^[9] to Robert J. Amman leadership and backing of one day under the sun LeBow increased significantly to operate under Chapter 11 of value, of the company, through the year. Check out also private lenders uk.

Negotiations with Carl Icahn became a creditor Taisha engineers sale of Shintani of auction bankruptcy, he is followed by the reorganization of various business that is included in Amman Management Corporation, First Financial , he became vice-president, where merged into the following year in 1994 and $ 1.2 billion for the first Data Corporation in a transaction will be executed $ 60 billion. On January 26, 2006, First Data Corporation, today announced a plan as an independent listed company, to spin off Western Union. The focus of Western Union, will remain in the remittance. The next day, announced that Western Union, and to discontinue to provide the transmission and delivery of telegrams ^[10] is the product most associated with the company throughout its history. However, the original Western Union telegram service is not that this is a new service was the first data under the banner of Western Union. Check out also my i advance metabank . The original telegram service, after the bankruptcy of the New Valley Corporation, the sale was currently works as ITelegram .

Western Union is now an independent, publicly traded company and a spin-off was completed in September.

Sent via the Western Union telegram store and forward message switching system. See Also money in 1hour . In earlier versions of the system, the telegraph system was manual. Check out also www.metabank money network customer service. System for later use Teletype, using the punch was a semi-automatic paper tape in order to receive, store, display a message and resend. 55 plan , tape-based switching system of paper at the end of the Western Union (from 1948 to 1976) is an automatic routing, has been fully automated.

Was the prime contractor of the Western Union automatic digital network (AUTODIN) program. Military applications for AUTODIN, the communication is first developed in the 1960s, became the precursor to the modern Internet is in. 1990 Defense Message System (DMS) is, has been replaced by the AUTODIN in 2000.

AUTODIN named "ComLogNet" originally, you can use the machine, was a reliable service availability of 99.99% work in punch card machines and tab leader to send and receive data via a leased line . During operation of AUTODIN peak, the U.S. portion of the network had to handle 20 million messages a month. (AUTODIN II), an engineer, a failed attempt to exchange lead to the development of packet-switched network, Western Union allowed by BBN (developers of ARPANET became the foundation of today's Internet). AUTODIN service years later had become obsolete, was discontinued in 2000.

Related innovation came from AUTODIN was computer-based EasyLink service of Western Union. This system is one of the first market authorization e-mail system for non-government users. In addition, the system receives a message from the format can be sent simultaneously to multiple recipients via the telex service, as well as integrated E-mail, fax, or mailgram, the same message. See Also my payday relif . When you use the service, also a user, you can do the research using the InfoLink application. With EasyLink Services, a company of its own.

As of February 2006, visit the web site of Western Union showed this notification:

Effective January 27, 2006, "Western Union, to stop the messaging service and commercial telegram of all. We, this is regret the inconvenience may cause you, we will patronage your If you have Thank you. have questions or concerns, please contact customer service typical " ^[11]

This is the era of the telegram was finished in 1851 and started the establishment of the printing telegraph company of the Valley of New York and Mississippi, have over 155 years of continuous service. Western Union telegram sent for competition from other communication services such as e-mail, reported that total had fallen to 20,000 per year. Employees had been informed of the decision in mid-January.

Continue to be available through the telegram service in the United States iTelegram and other companies.

In May 2009, Western Union has announced its intent to acquire Custom House is from Peter Gustafsson. The agreement, Western Union of $ When you purchase a Custom House USD 3.7 billion, which was closed in September 2009. Acquisition, led the company to re-branded as Western Union Business Solutions. Check out also mini cash .

July 2011, Western Union has acquired Travelex Global Business Payments division for pounds 606 million. ^[12]

Website of Western Union, westernunion.com, the other person, you can purchase a gift card, or pay the bill to send and receive funds by the user.

According to the tooth domain westernunion.com attracted 8.7 million visitors annually by 2008 at least of Compete.com study ^[13]

The Internet, as a place of commerce became the turn of the millennium, Western Union has started the online service. BidPay is before it is returned to the name of BidPay, in 2004 was renamed the "Western Union payment of the auction." BidPay is CyberSource was purchased ($ 180 million) of U.S. $ 1.8M in March 2006 who ceased operations December 31, 2005, announced the intention of BidPay restart. Has been discontinued by CyberSource effective December 31, 2007 or later BidPay. ^[14]

Announced plans in October 2007, to introduce mobile remittance services in the Western Union Association GSM global trade on behalf of more than 700 mobile operators in over 218 countries, covering 250 million mobile subscribers the association.

The spread of mobile phones in developed and developing countries is widely accessible for the consumer it is possible to provide a mobile financial services ranging from notification of the text associated with the delivery service of Western Union cash option of phone-based remittance providing a device. Mobile money transfer services of Western Union, money transfer platform to connect the core to the M-wallet platform that is provided by financial institutions regulated locally or / m-, and mobile operators, banks and.

In order to send money, the sender provides the funds the service (plus fee) or "next day" "money in minutes" and go to the office of Western Union. The sender provides the deposit and the specified destination, the name and address of his or her name, of the recipient. Check out also money shop tv cheque cashing . Western Union, the sender has provided (MTCN) 10 digit control number of the remittance sender must be sent separately to the recipient. Then, the recipient, go to the office of Western Union agent payment location is specified, will present a 10-digit MTCN, a photo ID. Money has been paid to the recipient. Recipient if there is no identification, the sender and receiver, can be arranged in advance to set a password. Check out also money mutual . If you have more than the maximum payment or cash in hand, although the check is issued, the money has been paid in cash. In addition, the sender will be able to transfer funds online to the recipient using online sites of Western Union, westernunion.com.

Rates will vary based on the transfer of the caller and the receiving country and type. In general, the fee is not using the Web site, if you use the location of the partner agent will be less.

With satellite communications, Western Union also was active in other forms of telecommunications services.

• Common carrier terrestrial microwave network
• Business communication network such as the telex TWX, and obtained from the AT & T and renamed Telex II by Western Union
• Voice and data communications circuit dedicated fixed base
• Long-distance telephone service
• Airfone air terrestrial radio telephone service from 1981 to 1986
• (Mobile phone service was conducted by phone for a very short time in the early 1980s , two-way radio manufacturer EF Johnson Company )

Jersey was a major sponsor of the Western Union Sydney Roosters of the NRL team from 2002 and 2003. The company as a sponsor of the jersey yet, has sponsored the team. Check out also money mutual now . In the world, Western Union has sponsored many community events for the support of the Diaspora community to use the global money transfer services.

Donation of First Data Western Union Foundation to charitable causes around the world. After the 2004 Indian Ocean tsunami , the Foundation has donated $ 1,000,000 to U.S. relief efforts. ^[15]

Western Union, not to send money to people who have never met, and advice to customers. Increase of the problem, despite the efforts of awareness of the customer, ^[16] Western Union, to be used for Internet fraud in the swindler. See Also fast cash loans. ^[17]

Western Union, there is a need to be able to, to maintain a record of the location of the out payment of private money laundering , but may be obtained by using only this information, money the summons . Therefore, pre-fee fraud and romance scammers money lost to fraudsters overseas confidence continue to receive money through Western Union to the knowledge that in most cases not be recovered. ^[18] has been banned as a medium of payment via this reason it of eBay . ^{[19] [20]}

There is a suspicion that provided by Western Union , U. See Also most reputable online cash loans .S. military intelligence and personal information ^[21]

Began blocking transactions based on the suspicion of Western Union terrorist connections, as part of the company's involvement, ^[22] and the war on terror . Currently, transfers sent from the website of Western Union, you need a telephone confirmation of the identity of the sender. Check out also minnesota installment loans . On occasion, the transfer fails, the customer service of Western Union, if more information was requested. See Also money transfer services . "It does not meet the requirements of" We will inform the sender that the transaction, the disclosure of which is prohibited other than the fact that information is not given. Check out also money 900 . Many customers have reported this problem. ^{[23] [24]}

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• Alan Silberstein (2000-2001) ^[38]

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• Christina Gold (2006-2010) ^[39]
• Hikmet Ersek (2010 -)

• D. "" "1845-1893"2008