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2. Money Wire Transfer Services. In addition to banks, senders can also wire money abroad through a variety of money transfer services. These companies have platforms that make sending money ...
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 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 ...
An international wire transfer sends money from one country to another, and a domestic wire transfer moves money from one bank account to another within the same country.
This article contains a list of major international wire services. Abbreviation Name Origin Headquarters Type AA Anadolu Agency: Turkey Ankara State-owned enterprise AFP:
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