Money Transfer Systems
Western Union Money Transfer information
Successful division of money transfers Western Union Financial Services Inc. shareholders have sold to the financial services company First Financial Management Corporation for $ 1.19 billion. 1866 - Western Union introduced the first ticker. The device sends the quotation of securities on the New York Stock Exchange for brokerage firms. A year later First Financial Management merged with in the IT-company First Data Corporation (involved in electronic money payments), Western Union Financial Services has become a daughter of First Data. For several years the company was on the verge of bankruptcy. Succeeded only branch of remittances Western Union Financial Services Inc. By the mid-1950s, telegraph business has not brought much money to Western Union, a major source of income was the telex.
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