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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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BidPay was purchased by First Data Corporation/Western Union in 2001 for an undisclosed sum. BidPay was rebranded as "Western Union Auction Payments" in 2003 which led to confusion with Western Union 's wire transfer services; the online auction payment service reverted to the BidPay name in 2004.
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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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