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.

MoneyGram, one of the largest US providers of remittance transfers, was sued in Manhattan federal court by the Consumer Financial Protection Bureau and New York Attorney General Letitia James.

MoneyGram sued by US, New York over remittance transfers

The Consumer Financial Protection Bureau and the Attorney General of New York sued payments company MoneyGram International Inc. MGI, -5.96% Thursday for allegedly breaking consumer protection laws that require remittance companies to disclose price and timing information about money transfers and for failing to make remittances available to recipients in a timely matter.

U.S. regulators sue MoneyGram for illegally holding up customer funds and ‘leaving families high and dry'

MoneyGram International Inc was sued on Thursday by the U.S. Consumer Financial Protection Bureau and New York Attorney General Letitia James for violating a federal rule designed to make remittance transfers more transparent and less risky.

MoneyGram is sued by U.S., New York regulators over remittance transfers

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SHAREHOLDER ALERT: Weiss Law Reminds VWTR, CCHWF, MGI, and TVTY Shareholders About Its Ongoing Investigations

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NEW YORK , April 13, 2022 /PRNewswire/ -- Halper Sadeh LLP, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: 8i Acquisition 2 Corp. (NASDAQ: LAX)'s  merger with EUDA Health Limited. If you are an 8i Acquisition shareholder, click here to learn more about your rights and options.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates LAX, ZWS, MGI, SAVE, HBP

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of MoneyGram International, Inc. (NasdaqGS: MGI) to Murata Electronics North America, Inc. Under the terms of the proposed transaction, shareholders of MoneyGram will receive only $11.00 in cash for each share of MoneyGram that they own. KSF is seeking to determine whether this consideration and the process that

MONEYGRAM INVESTOR ALERT By The Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Moneygram International, Inc. - MGI

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NEW YORK , April 5, 2022 /PRNewswire/ --  If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice or your rights or interests, please contact: Joshua Rubin, Esq. Weiss Law305 Broadway, 7th Floor New York, NY 10007 (212) 682-3025 (888) 593-4771 stockinfo@weisslawllp.com Huttig Building Products, Inc. (NASDAQ: HBP) Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Huttig Building Products, Inc. (NASDAQ: HBP), in connection with the proposed tender offer for HBP by Woodgrain Inc.  Under the terms of the tender offer, HBP shareholders will receive $10.70 in cash for each share of HBP common stock owned.

SHAREHOLDER ALERT: Weiss Law Reminds HBP, EMCF, CCHWF, and MGI Shareholders About Its Ongoing Investigations

MoneyGram  announced Wednesday (March 16) that it has reached a final agreement to settle a legacy enforcement matter with the New York Department of Financial Services, a company release said, and will pay a penalty of $8.25 million. “We're pleased that this legacy matter from many years ago is now behind us,” said Alex Holmes, […]

MoneyGram to Pay $8.25M Fine in NYDFS Settlement

DALLAS , March 16, 2022 /PRNewswire/ -- MoneyGram (NASDAQ: MGI) today announced it has reached a final agreement to settle its previously disclosed legacy enforcement matter with the New York Department of Financial Services ("NYDFS") through a consent order (the "agreement"). Pursuant to the agreement, MoneyGram will pay a civil monetary penalty of $8.25 million to the NYDFS and undertake various reporting obligations.

MoneyGram Agrees to Settle Legacy Enforcement Matter with New York Department of Financial Services

MoneyGram plans to quit offering its services in Russia over that country's ongoing invasion of Ukraine, a company statement said Friday (March 11). The statement noted that the company joins “many voices in expressing our hope for a swift and peaceful resolution to protect civilians across all impacted regions and will continue to assess the […]

MoneyGram Suspends Service in Russia

DALLAS, March 11, 2022 /PRNewswire/ -- MoneyGram International Inc. (NASDAQ: MGI) today issued the following statement: We have been closely monitoring the situation in Ukraine with great concern for all those impacted. As the humanitarian crisis in the region continues to escalate, we are providing notice to our customers and agents of our decision to suspend services in Russia.

MoneyGram to Suspend Services in Russia

The Stellar Development Foundation (SDF) and MoneyGram International Inc. (MG) have formed a partnership with Techstars, the global network that helps entrepreneurs succeed with investments of capital, and will launch a mentorship program aimed at Latin America's financial system, the companies announced Friday (March 11). MG, the digital P2P payments provider, and SDF, the nonprofit organization that supports Stellar, […]

MoneyGram, Stellar Foundation Team with Techstars on a LatAm Blockchain Accelerator

SAN FRANCISCO and DALLAS, March 11, 2022 /PRNewswire/ -- Stellar Development Foundation and MoneyGram International, Inc. (NASDAQ: MGI) today announced a new partnership with Techstars, a global investment business that provides access to capital, one-on-one mentorship, and customized programming for entrepreneurs. The program will recruit founders across the world who are focused on driving technological innovation in areas such as blockchain and digital payments to further streamline cross-border payments and support financial inclusion.

Stellar Development Foundation and MoneyGram Partner with Techstars to Spur Innovation on Blockchain-Based Cross-Border Payments

Philadelphia, Pennsylvania--(Newsfile Corp. - March 6, 2022) - Investor protection law firm Kaskela Law LLC announces that it is investigating MoneyGram International, Inc. ("MoneyGram") (NASDAQ: MGI) on behalf of the company's stockholders.On February 15, 2022, MoneyGram announced that it had agreed to be acquired by private equity firm Madison Dearborn Partners, LLC. According to the announcement, MoneyGram stockholders are expected to receive $11.00 per share in cash for their MGI shares of stock. ...

INVESTIGATION ALERT: Kaskela Law LLC Announces Stockholder Investigation of MoneyGram International, Inc. (MGI) Following Privatization Announcement and Encourages Investors to Contact the Firm

MoneyGram International (MGI) expects digital transactions to grow through 2022. The diversification of product and service offerings is likely to be a major theme going ahead.

MoneyGram (MGI) Q4 Earnings Beat on Strong Digital Business

MoneyGram (MGI) delivered earnings and revenue surprises of 69.23% and 0.12%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

MoneyGram (MGI) Q4 Earnings Top Estimates

DALLAS, Feb. 25, 2022 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI) today reported financial results for its fourth quarter ended December 31, 2021. Fourth Quarter Business Highlights "Our strong fourth quarter results represent a great finish to a remarkable year.

MoneyGram International Reports Fourth Quarter and Full-Year 2021 Results

MoneyGram (MGI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

MoneyGram (MGI) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Following the all-cash transaction, MoneyGram (MGI) is likely to retain its MoneyGram brand, existing leadership team and headquarters.

MoneyGram (MGI) to be Acquired by Madison Dearborn for $1.8B

NEW YORK, Feb. 15, 2022 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of MoneyGram International, Inc. ("MoneyGram" or the "Company") (NASDAQ: MGI), in connection with the proposed acquisition of the Company by funds affiliated with Madison Dearborn Partners, LLC ("MDP"). Under the terms of the acquisition agreement, the Company's shareholders will receive $11.00 in cash for each share of MoneyGram common stock that they hold.

SHAREHOLDER ALERT: WeissLaw LLP Investigates MoneyGram International, Inc.

Wilmington, Delaware--(Newsfile Corp. - February 15, 2022) - Rigrodsky Law, P.A. is investigating MoneyGram International, Inc. ("MoneyGram") (NASDAQ: MGI) regarding possible breaches of fiduciary duties and other violations of law related to MoneyGram's agreement to be acquired by Madison Dearborn Partners, LLC. Under the terms of the agreement, MoneyGram's shareholders will receive $11.00 in cash for each share of MoneyGram common stock they own.To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-moneygram-international-inc.You...

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Announces Investigation of MoneyGram International, Inc. Buyout

The company announced that it will be acquired.

Why Shares of MoneyGram Are Flying Today

Moneygram International (MGI) stock is taking off on Tuesday after the company announced plans to go private in a $1.8 billion deal. The post MGI Stock Alert: 15 Things MoneyGram Investors Need to Know as the Payment Company Goes Private appeared first on InvestorPlace.

MGI Stock Alert: 15 Things MoneyGram Investors Need to Know as the Payment Company Goes Private

MoneyGram International Inc (NASDAQ: MGI) is trading higher Tuesday after the company announced it entered into an agreement to be acquired by Madison Dearborn Partners (MDP). Funds affiliated with MDP will acquire all outstanding shares of MoneyGram for $11 per share in an all-cash transaction valued at approximately $1.8 billion.

Why MoneyGram Shares Are Trading Higher Today

MILWAUKEE, Feb. 15, 2022 /PRNewswire/ -- Ademi LLP is investigating MoneyGram (NASDAQ: MGI) for possible breaches of fiduciary duty and other violations of law in its transaction with Madison Dearborn.  Click here to learn how to join the action: https://www.ademilaw.com/case/moneygram-international-inc or call Guri Ademi toll-free at 866-264-3995.

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