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Western Union Telegraph Building, lithograph. The Western Union Company is an American multinational financial services corporation headquartered in Denver, Colorado.. Founded in 1851 as the New York and Mississippi Valley Printing Telegraph Company in Rochester, New York, [3] the company changed its name to the Western Union Telegraph Company in 1856 after merging with several other telegraph ...
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Western Union invented the mailgram in 1970 and registered the trademark "Mailgram". [2] Service via Westar , Western Union's own communications satellite , was introduced in 1974. The advantage of mailgrams over postal mail is speed and verifiability of transmission.
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The licensed money transmitter Western Union allows customers to designate a recipient who can pick up that money at any a Western Union agent. [10] Western Union also operates as bureau de change with a fee ranging from eight to twelve percent. Western Union is the world's leading handler of remittance and the 170,000 Western Union agents ...
Western Union said in a statement that clients will be able to send up to $2,000 in a single transaction from any of its U.S. locations, online or with its mobile app.
Automatic Telegraph Switching System Plan 55-A was one in a series of store and forward message switching systems developed by Western Union and used from 1948 to 1976 for processing telegrams. [1] It is an automated successor to Plan 51, which commenced service in 1951 in a nationwide network of the U.S. Air Force, but required semi-automatic ...