MoneyGram

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MoneyGram International, Inc.

logo
legal form Corporation (United States)
ISIN US60935Y2081
founding 1940
Seat Dallas , USA
management Alexander Holmes (Chairman and CEO )
Number of employees 2436
sales 1.4 billion US dollars
Branch Financial services
Website www.moneygram.com
As of December 31, 2018

MoneyGram International, Inc. is a US publicly traded (ID MGI ) financial company headquartered in Dallas . Moneygram is the second largest money transfer provider in the world. The company is represented in over 200 countries with 347,000 sales outlets.

Retail store touts as MoneyGram agent

history

MoneyGram International, Inc. was formed following the business combination of Travelers Express and Integrated Payment Systems Inc. Moneygram was originally founded as a subsidiary of Integrated Payment Systems. MoneyGram Payment Systems Inc. founded MoneyGram International Ltd. in 1997. At the time, MoneyGram Payment Systems Inc. owned 51 percent of the company while the other 49 percent was owned by Thomas Cook Group . April 1998 acquired Viad Moneygram Payment Systems Inc. for $ 287 million. Moneygram was picked up by Viads Travelers Express in Minneapolis . At the end of 1990, MoneyGram Payment Systems had customers in over 22,000 locations in 100 countries.

In 2003, Travelers Express gained full ownership of the MoneyGram network. Travelers Express became an independent company. January 2004, Travelers Express was renamed MoneyGram International Inc. June 2004 Moneygram became a publicly traded sole proprietorship. In early 2006 the company had more than 96,000 international agents in regions such as the Asia Pacific, Eastern Europe and Latin America. January 2009 Pamela Patsley became Chairman and CEO of the company. November 2010, Dallas became MoneyGrams global headquarters. The company has global operations and information technology centers in Minneapolis, Minnesota.

The Chinese company Ant Financial Services Group (operator of Alipay ) wanted to take over MoneyGram. However, the purchase was not approved by the US authority CFIUS in 2018 .

Germany

In Germany, branches can be found in all major cities, which are mostly run by small businesses. The company is under the control of the FCA. In Germany, ID is required to carry out money transfers. MoneyGram is a financial service provider, but not a bank approved in Germany.

money transfer

At a MoneyGram branch, a sum of money can be transferred between two people by making a deposit in a branch. The payer receives a reference number. After receiving the reference number from the payer, the recipient can have the amount of money intended for him paid out in a branch at his place of residence almost without delay. The payer and the recipient must identify themselves. The basic idea is to enable cashless payment transactions for people who do not have their own checking account. These money transfers are used in particular for remittances from migrants . Numerous critics accuse this system of financing terrorism, among other things.

Alternative offers

Web links

Individual evidence

  1. ^ Board of Directors . MoneyGram. Retrieved December 21, 2019.
  2. ↑ SEC-Filing Form 10-K . MoneyGram. March 6, 2019. Accessed December 21, 2019.
  3. ↑ a b MoneyGram remittance costs are just 5% . Bizcommunity.com. February 8, 2013. Retrieved April 7, 2015.
  4. ^ Tara Lachapelle, Brooke Sutherland, Matthew Monks: MoneyGram Seen Cashing In at Decade-High Price: Real M&A . In: Bloomberg . June 21, 2013. Retrieved April 7, 2015.
  5. ↑ MoneyGram claims bank status in tax dispute with US IRS . In: Reuters . May 27, 2014. Retrieved April 7, 2015.
  6. ↑ About MoneyGram . MoneyGram. Archived from the original on July 8, 2014. Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. Retrieved April 7, 2015. @1@ 2Template: Webachiv / IABot / corporate.moneygram.com
  7. ↑ a b c d Greenland, Paul R .: MoneyGram International, Inc. . In: International Directory of Company Histories , Detroit: St. James Press, pp. 315-318. 
  8. ↑ MONEYGRAM, THOMAS COOK FORM JOINT VENTURE FOR , Bloomberg. Retrieved April 7, 2015. 
  9. ^ Form 10-K , Securities & Exchange Commission. Archived from the original on October 31, 2014 Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. . Retrieved April 7, 2015. @1@ 2Template: Webachiv / IABot / ir.moneygram.com 
  10. ↑ Viad raises offer to buy MoneyGram . In: The Denver Post . Retrieved April 7, 2015. 
  11. ↑ Mary Vandeveire: Viad buys MoneyGram for $ 219 M , The Business Journal - Serving Phoenix and the Valley of the Sun. May 29, 1998. 
  12. ^ A b c Steven Lipin: Viad of Phoenix Agrees to Acquire Payments Firm for $ 287 million . Wall Street Journal. April 6, 1998. Retrieved April 7, 2015.
  13. ↑ a b Tom Smith: 35. MoneyGram International Inc. . Minneapolis / St. Paul Business Journal. March 22, 2007. Retrieved April 7, 2015.
  14. ↑ Viad completes MoneyGram spinoff . Phoenix Business Journal. July 1, 2004. Retrieved April 7, 2015.
  15. ↑ Shashana Pearson-Hormillosa: MoneyGram CEO Pamela Patsley works to build new company legacy . Dallas Business Journal. November 30, 2012. Retrieved April 7, 2015.
  16. ^ Karen Nielsen: MoneyGram's Turnaround Artist . D magazine. Retrieved April 7, 2015.
  17. ↑ Jennifer Bjorhus: MoneyGram closing Brooklyn Center offices; 28 to lose jobs June 30 . Star Tribune. May 12, 2014. Retrieved April 7, 2015.
  18. ↑ https://www.heise.de/newsticker/meldung/Datenschutz-Alibaba-Chef-darf-Moneygram-nicht-uebernehmen-3930850.html
  19. ↑ extwww.moneygram.com ( Memento of the original from November 17, 2015 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / extwww.moneygram.com
  20. ↑ Terms and Conditions moneygram.de
  21. ↑ bafin.de ( Memento of the original from December 24, 2015 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.bafin.de
  22. ↑ spiegel.de
  23. ^ Andreas Kopietz: Islamists in Berlin - Fraudsters in Berlin finance IS terrorism. In: Berliner Zeitung , February 2, 2015