Western Union

Company
About Western Union

The Western Union Company is an American financial services and communications company. Its headquarters is in Meridian, Colorado, although the postal designation of nearby Englewood is used in its mailing address. Up until it discontinued the service in 2006, Western Union was the best-known U.S. company in the business of exchanging telegrams.

Western Union has several divisions, with products such as person-to-person money transfer, money orders, business payments, and commercial services. They offered standard “Cablegrams”, as well as Candygrams, Dollygrams, and Melodygrams.

Western Union, as an industrialized monopoly, dominated the telegraph industry in the late 19th century. It was the first communications empire and set a pattern for American-style communications businesses as they are known today.

Western Union Details
Operating Status: Active
Business Type: Private
Founded: 1851
Headquarters: Meridian, Colorado, United States
CEO: Hikmet Ersek
Founders: Ezra Cornell
Western Union News
Amazon Introduces Cash Payments for Online Purchases in the U.S. via Amazon PayCode
September 19th, 2019

Amazon has launched its Amazon PayCode service in the U.S. This service is targeted at a large number of people, who struggle with access to financial services, or who would simply prefer cash payments.

Ripple CEO Explains Why Facebook’s Approach to Libra Is Just ‘Silicon’s Valley Arrogance’
July 19th, 2019

Brad Garlinghouse, Ripple CEO joined Squawk Alley on CNBC to share his opinion on Facebook’s Libra coin and to explain why it can pose high risks for the world of finance.

SWIFT Say They are Planning to Use R3’s Blockchain Within Their Global Payment System
June 24th, 2019

From SWIFT they said that banks now know they cannot stand still. They need to adapt their own systems to support them. Only a seamless and open global value transfer system can enable that.

Western Union is Five Times Cheaper Than Ripple, Claims CEO
June 21st, 2019

Western Union CEO is sure: digital currencies and the blockchain have great potential of acting as a processing system for payments, however, he claims that sending money with Ripple is 5-times more expensive than Western Union.

Facebook’s ‘GlobalCoin’ Set Up to Roll in Q1 of 2020
May 24th, 2019

Facebook’s upcoming crypto-platform is designed to help users transfer money as well as make online purchases in a seamless, hassle-free manner. The company said to roll out its own cryptocurrency ‘GlobalCoin’ by the end of Q1, 2020

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