For more information about Western Union history, read Joshua D. Wolff’s Western Union and the Creation of the American Corporate Order. This history of the company from 1845 to 1993 focuses on the company’s evolution as the “fastest way to send money around the world.”
Founded in Rochester, New York in 1851, Western Union has an interesting history. The company has grown tremendously, and was able to dominate the American telegraph industry from the mid-1800s until the mid-1980s. The company pioneered telex technology and developed a variety of telegraph-related services, including wired money. It is now one of the most reliable money transfer companies. In addition to its history, Western Union is also involved in many projects related to the internet and communications satellites.
In 1982, Western Union entered the global marketplace, expanding its service to more than 100 countries. In the process, it created the singing telegram, the first inter-city facsimile, and the pre-paid telephone card. It also became the first company with five satellites in orbit. With its innovative approach to money transfers, Western Union is a staple of everyday life in the U.S. Even today, you can send money to Mexico in less than an hour, and funds are delivered instantly.
While Western Union began as a telegraph company, it evolved into an online service. The company’s first online service was launched in 2000, and at the time, had 150 agents. In 2006, it declared the end of the telegraph era. Competition from online e-wallets had made it more convenient for people who do not have a bank account. The company rebranded itself as Western Union when it moved to Colorado as its headquarters.
Today, Western Union is still thriving, with revenues topping $5.2 billion in 2010. The company has a proven business model and has continued to innovate by leveraging its expansive global network. It also leverages its global network to identify new growth opportunities in both developed and emerging markets. Its foundation, the Western Union Foundation, has awarded more than $73 million to nonprofit organizations in over 100 countries. It has even developed a Facebook page dedicated to customers.
A person can also delete their Western Union history by accessing the company’s website and logging into the account. Once logged in, the history will list the status of all transactions made through the website. You can delete a specific transaction by clicking on the “Delete” link at the bottom of the page. You must confirm your decision to delete your Western Union account. If you are not satisfied with the information on your history, you can request it again.