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In 1932, the CCITT introduced the International Telegraph Alphabet No. 2 (ITA2) code [15] as an international standard, which was based on the Western Union code with some minor changes. The US standardized on a version of ITA2 called the American Teletypewriter code (US TTY) which was the basis for 5-bit teletypewriter codes until the debut of ...
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.
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 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 ...
By 1900, Western Union operated a million miles of telegraph lines and two international undersea cables. AT&T gained control of Western Union in 1909. However, in 1913 AT&T, under federal indictment for violating the Sherman Antitrust Act of 1890, was forced to sell its shares in the company which once again became independent.
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