MoneyGram

MoneyGram International, Inc. is a global payment services company, which offers global money transfers, bill payment solutions and money orders. It operates through the following business segments: Global Funds Transfer and Financial Paper Products. The Global Funds Transfer segment provides money transfer services. The Financial Paper Products segment offers money orders to consumers through retail and financial institutions. The company was founded in 1940 and is headquartered in Dallas, TX.

Earnings data Q1 2024

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MoneyGram is a global payment services company. The company’s products include global money transfers, bill payment solutions, and financial paper products. It conducts its business through its wholly-owned subsidiary MoneyGram Payment Systems, Inc. (MPSI). MoneyGram operates in two segments: Global Funds Transfer and Financial Paper Products and offers its money transfer services on the Internet through its MoneyGram Online service in the United States, United Kingdom, and through agent Websites in Italy, Saudi Arabia, and Japan. It also offers money transfer services via mobile phone, kiosks, ATM, receive cards, and direct-to-bank account products in various markets worldwide. Effective July 8, 2013, MoneyGram International Inc acquired Latino Services, an Atlanta-based provider of money transfer services.

Money transfer giant MoneyGram has replaced its chief executive less than a month after confirming that hackers stole reams of customers' personal information and transaction records in a data breach.

MoneyGram replaces CEO weeks after massive customer data breach

Edelson Lechtzin LLP is investigating claims regarding data privacy violations by MoneyGram International Inc. NEWTOWN, PA / ACCESSWIRE / October 13, 2024 / The law firm of Edelson Lechtzin LLP is investigating claims regarding data privacy violations by MoneyGram International Inc. ("MoneyGram"). MoneyGram learned of suspicious activity on or about September 27, 2024.

DATA BREACH ALERT: Edelson Lechtzin LLP Is Investigating Claims On Behalf Of MoneyGram International Inc. Customers Whose Data May Have Been Compromised

DALLAS--(BUSINESS WIRE)--FeganScott, a national law firm dedicated to protecting consumer rights, announced that it has launched an investigation into MoneyGram following confirmation from the financial services provider that an unauthorized third party illegally obtained customers' personal and financial information during a September cyberattack. In a recent statement, MoneyGram reported that the stolen customer information includes Social Security numbers, government identification documents.

FeganScott Announces Investigation into MoneyGram Data Breach That Compromised Customers' Personal and Financial Information

U.S. money transfer giant MoneyGram has confirmed that hackers stole its customers' personal information and transaction data during a cyberattack last month.

MoneyGram says hackers stole customers' personal information and transaction data

MoneyGram said Tuesday (Sept. 24) that it is working “around the clock” to bring its systems back online and resume normal business operations after finding a “cybersecurity issue.

MoneyGram Works to Restore Systems After ‘Cybersecurity Issue'

U.S.-based money transfer giant MoneyGram has blamed an unspecified “cybersecurity issue” for an ongoing days-long outage affecting the company and its users.

MoneyGram blames ‘cybersecurity issue' for ongoing days-long outage

Thirty states are set to receive more than $102 million from Delaware after the U.S. Supreme Court last year unanimously ruled that it had no right to keep hundreds of millions of dollars in uncashed MoneyGram checks for itself.

Delaware settles dispute with other states over unclaimed MoneyGram funds

MoneyGram International has appointed former Driven Brands chief financial officer (CFO) Gary W. Ferrera as its CFO.

MoneyGram Appoints Driven Brands Veteran Gary W. Ferrera as CFO

MoneyGram International reportedly failed to secure lower borrowing costs on a $398 million leveraged loan before a deadline on Thursday (May 23).

Report: MoneyGram Fails to Secure Lower Borrowing Costs on Leveraged Loan

Trustly and MoneyGram International have partnered to enable millions of MoneyGram users in Europe to make cardless international money transfers. With the service enabled by this collaboration, users can pay directly from their bank accounts when sending international money transfers through MoneyGram Online (MGO), the companies said in a Wednesday (March 20) press release.

Trustly and MoneyGram Launch Cardless Cross-Border Payments in Europe

Western Union

LOS ANGELES--(BUSINESS WIRE)--A proposed class action filed yesterday in federal district court in Los Angeles alleges that international money transfer providers Western Union and MoneyGram have unlawfully breached the protected personal information of possibly millions of consumers during the past decade. According to the lawsuit filed by attorneys with Burns Charest LLP and the Kick Law Firm, the companies provide personal information to hundreds of law enforcement agencies, bypassing the ty.

Burns Charest & Kick Law Firm: Lawsuit Alleges Western Union, MoneyGram Unlawfully Share Customers' Personal Information with Law Enforcement

MoneyGram plans to launch a non-custodial digital wallet that will offer new ways to send and receive cross-border payments. The wallet is set to debut in the first quarter of 2024 and will allow users to seamlessly move from fiat currency to digital currency and back again, the global FinTech company said in a Tuesday (Sept.

MoneyGram to Launch Non-Custodial Digital Wallet for Cross-Border Payments

DALLAS and CHICAGO , June 1, 2023 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI) ("MoneyGram" or the "Company"), a leading global financial technology company that connects the world's communities, and Madison Dearborn Partners ("MDP"), a leading private equity investment firm based in Chicago, today announced that funds affiliated with MDP have completed their previously disclosed all-cash acquisition of MoneyGram for $11.00 per share. MoneyGram's common stock has ceased trading and will be delisted from the Nasdaq stock market.

Madison Dearborn Partners Completes Acquisition of MoneyGram

MoneyGram has received the final regulatory approval needed for its sale to Madison Dearborn Partners. Having received approval from the Reserve Bank of India, the companies now expect the previously announced transaction to close on or before June 1, MoneyGram said in a Thursday (May 4) press release.

MoneyGram Receives Final Regulatory Approval for Previously Announced Sale

DALLAS , May 4, 2023 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI) ("MoneyGram" or the "Company"), a leading global financial technology company that connects the world's communities, today provided an update on its previously announced agreement (the "Merger Agreement") to be acquired by funds affiliated with Madison Dearborn Partners, LLC ("MDP"). Today, the parties received approval from the Reserve Bank of India.

MoneyGram and Madison Dearborn Partners Announce Merger Transaction is Expected to Close on or before June 1, 2023

MoneyGram has pushed back the expected date of its planned sale. The firm and the intended buyer, venture capital firm Madison Dearborn Partners (MDP), now expect to close the merger “late in the second quarter of 2023,” MoneyGram said in its quarterly report released Friday (April 28).

MoneyGram Pushes Back Expected Date of Planned Sale

Consumers can now use the Company's leading website and mobile app to send funds from Chile to family and friends around the world As digital transactions now account for over 50% of the Company's money transfer business, growth continues to be driven by demand for its direct-to-consumer offering DALLAS , April 27, 2023 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI) ("MoneyGram" or the "Company"), a leading global financial technology company that connects the world's communities, today announced the launch of MoneyGram Online ("MGO") in Chile. Consumers can now use the Company's leading website and mobile app to send funds from Chile to family and friends around the world.

MoneyGram Launches MoneyGram Online "MGO" in Chile

Investors are reportedly feeling uncertain about MoneyGram as a deadline nears for its planned sale. The company's stock dipped 2.

Investors Reportedly Anxious as Deadline for MoneyGram Sale Nears

Ross will lead the Company's direct-to-consumer business and global digital strategy This announcement comes as digital transactions now account for over 50% of the Company's money transfer business DALLAS , April 24, 2023 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI) ("MoneyGram" or the "Company"), a leading global financial technology company that connects the world's communities, today announced the appointment of Seth Ross as Chief Digital Officer. In this role, Ross will lead the Company's direct-to-consumer business and global digital strategy.

MoneyGram Announces Seth Ross as Chief Digital Officer

DALLAS , April 14, 2023 /PRNewswire/ -- Carrefour Group ("Carrefour") and MoneyGram International, Inc. (NASDAQ: MGI) ("MoneyGram"), a leading global financial technology company that connects the world's communities, today announced they will expand MoneyGram services to over 500 Carrefour locations in multiple markets in 2024.

Carrefour and MoneyGram Join Forces to Broaden Financial Service Offerings to Carrefour Customers

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Is MoneyGram International (MGI) Stock Undervalued Right Now?

Companies were chosen based on a holistic approach to evaluating trust, which included three main touchpoints: customer trust, investor trust and employee trust This honor recognizes companies across several industries, including Financial Services, in which MoneyGram was ranked fourth overall in the category DALLAS , April 7, 2023 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI) ("MoneyGram" or the "Company"), a leading global financial technology company that connects the world's communities, today announced it has been named one of the "Most Trustworthy Companies in America in 2023" by Newsweek. The Most Trustworthy Companies were chosen based on a holistic approach to evaluating trust, which included three main touchpoints: customer trust, investor trust and employee trust.

MoneyGram Recognized as One of America's Most Trustworthy Companies by Newsweek

Should Value Investors Buy MoneyGram International (MGI) Stock?

The Company has been recognized for bringing real-world blockchain use case to life with first-of-its-kind global on/off-ramp service for digital wallets This prestigious international awards program celebrates outstanding financial technology products and companies DALLAS , March 27, 2023 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI) ("MoneyGram" or the "Company"), a leading global financial technology company that connects the world's communities, has been named winner of the "Best Use of Blockchain in FinTech" award at the 2023 FinTech Breakthrough Awards. This program is conducted by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global fintech market today.

MoneyGram Wins "Best Use of Blockchain in FinTech" at 2023 FinTech Breakthrough Awards

MoneyGram is working with homegrown wallet Lynk so customers can receive remittances, which will aid its digital push.

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