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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 ...
BidPay was an online auction payment service website, established in 1999 by Steve Chin and Marek Bradbury that allowed auction buyers to purchase money orders online using their credit card. BidPay was purchased by First Data Corporation /Western Union in 2001 for an undisclosed sum.
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The first widely used service for wire transfers was launched by Western Union in 1872 on its existing telegraph network. Once a sender had paid money to one telegraph office, the operator could transmit a message and "wire" the money to another office, using passwords , code books to authorize the release of the funds to a recipient at that ...
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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.