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Message: <blockquote data-quote="Voldemort Bro" data-source="post: 26850158" data-attributes="member: 573645"><p><h3>MoneyGram</h3><p>From Wikipedia, the free encyclopedia</p><p></p><p></p><p></p><p><a href="https://en.wikipedia.org/wiki/MoneyGram#mw-head" target="_blank">Jump to navigation</a><a href="https://en.wikipedia.org/wiki/MoneyGram#searchInput" target="_blank">Jump to search</a></p><p>MoneyGram International, Inc</p><table style='width: 100%'><tr><td><a href="https://en.wikipedia.org/wiki/File:MoneyGram_Logo.svg" target="_blank"><img src="https://upload.wikimedia.org/wikipedia/commons/thumb/5/50/MoneyGram_Logo.svg/220px-MoneyGram_Logo.svg.png" alt="MoneyGram Logo.svg" class="fr-fic fr-dii fr-draggable " style="" /></a></td><td></td></tr><tr><th>Type</th><td><a href="https://en.wikipedia.org/wiki/Public_company" target="_blank">Public</a></td></tr><tr><th><a href="https://en.wikipedia.org/wiki/Ticker_symbol" target="_blank">Traded as</a></th><td><a href="https://en.wikipedia.org/wiki/Nasdaq" target="_blank">Nasdaq</a>: <a href="https://www.nasdaq.com/symbol/mgi" target="_blank">MGI</a><a href="https://en.wikipedia.org/wiki/MoneyGram#cite_note-1" target="_blank">[1]</a><br /> <a href="https://en.wikipedia.org/wiki/Russell_2000_Index" target="_blank">Russell 2000 Component</a></td></tr><tr><th>Industry</th><td><a href="https://en.wikipedia.org/wiki/Financial_services" target="_blank">Financial services</a></td></tr><tr><th>Founded</th><td>1940; 81 years ago</td></tr><tr><th>Headquarters</th><td><a href="https://en.wikipedia.org/wiki/Dallas" target="_blank">Dallas</a>, <a href="https://en.wikipedia.org/wiki/Texas" target="_blank">Texas</a>, <a href="https://en.wikipedia.org/wiki/United_States" target="_blank">United States</a></td></tr><tr><th>Key people</th><td><br /> Alex Holmes<br /> (Chairman and Chief Executive Officer)<br /> Hilary Jackson<br /> (Chief Operating Officer)<br /> Larry Angelilli<br /> (Chief Financial Officer)<br /> Robert Villasenor<br /> (General Counsel)<br /> Andy Villareal<br /> (Chief Compliance Officer)<br /> Grant Lines<br /> (Chief Revenue Officer)</td></tr><tr><th>Products</th><td><a href="https://en.wikipedia.org/wiki/Electronic_funds_transfer" target="_blank">Money transfers</a><br /> <a href="https://en.wikipedia.org/wiki/Money_orders" target="_blank">Money orders</a><br /> <a href="https://en.wikipedia.org/wiki/Cashier%27s_check" target="_blank">Official check</a><br /> Bill payment services</td></tr><tr><th>Revenue</th><td>$900 Million (2019)</td></tr><tr><th>Number of employees</th><td><img src="https://upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/11px-Increase2.svg.png" alt="Increase" class="fr-fic fr-dii fr-draggable " style="" /> 2,269 (2020) <a href="https://en.wikipedia.org/wiki/MoneyGram#cite_note-2" target="_blank">[2]</a></td></tr><tr><th>Website</th><td><a href="https://www.moneygram.com/" target="_blank">www.moneygram.com</a></td></tr></table><p><strong>MoneyGram International, Inc.</strong> is an American <a href="https://en.wikipedia.org/wiki/Electronic_funds_transfer" target="_blank">money transfer</a> company based in the <a href="https://en.wikipedia.org/wiki/United_States" target="_blank">United States</a> with headquarters in <a href="https://en.wikipedia.org/wiki/Dallas" target="_blank">Dallas, Texas</a>.<a href="https://en.wikipedia.org/wiki/MoneyGram#cite_note-3" target="_blank">[3]</a> It has an operations center in <a href="https://en.wikipedia.org/wiki/St._Louis_Park,_Minnesota" target="_blank">St. Louis Park, Minnesota</a> and regional and local offices around the world. MoneyGram businesses are divided into two categories: Global Funds Transfers and Financial Paper Products.<a href="https://en.wikipedia.org/wiki/MoneyGram#cite_note-aboutmoneygram-4" target="_blank">[4]</a> The company provides its service to individuals and businesses through a network of <a href="https://en.wikipedia.org/wiki/Agent_(law)" target="_blank">agents</a> and <a href="https://en.wikipedia.org/wiki/Financial_institution" target="_blank">financial institutions</a>.</p><p>In 2014, MoneyGram was the second largest provider of money transfers in the world.<a href="https://en.wikipedia.org/wiki/MoneyGram#cite_note-MoneyGram_remittance_costs_are_just_5%-5" target="_blank">[5]</a><a href="https://en.wikipedia.org/wiki/MoneyGram#cite_note-bloomberg-6" target="_blank">[6]</a><a href="https://en.wikipedia.org/wiki/MoneyGram#cite_note-reuters-7" target="_blank">[7]</a> The company operates in more than 200 countries and territories with a global network of about 347,000 agent offices.<a href="https://en.wikipedia.org/wiki/MoneyGram#cite_note-aboutmoneygram-4" target="_blank">[4]</a></p><h3>Contents</h3> <ul> <li data-xf-list-type="ul"><a href="https://en.wikipedia.org/wiki/MoneyGram#History" target="_blank">1History</a><ul> <li data-xf-list-type="ul"><a href="https://en.wikipedia.org/wiki/MoneyGram#Travelers_Express_(1940%E2%80%931997)" target="_blank">1.1Travelers Express (1940–1997)</a></li> <li data-xf-list-type="ul"><a href="https://en.wikipedia.org/wiki/MoneyGram#MoneyGram_Systems_(1988%E2%80%931997)" target="_blank">1.2MoneyGram Systems (1988–1997)</a></li> <li data-xf-list-type="ul"><a href="https://en.wikipedia.org/wiki/MoneyGram#MoneyGram_International_(1998%E2%80%93present)" target="_blank">1.3MoneyGram International (1998–present)</a></li> </ul></li> <li data-xf-list-type="ul"><a href="https://en.wikipedia.org/wiki/MoneyGram#Products" target="_blank">2Products</a><ul> <li data-xf-list-type="ul"><a href="https://en.wikipedia.org/wiki/MoneyGram#Money_transfers" target="_blank">2.1Money transfers</a></li> <li data-xf-list-type="ul"><a href="https://en.wikipedia.org/wiki/MoneyGram#Financial_paper" target="_blank">2.2Financial paper</a></li> </ul></li> <li data-xf-list-type="ul"><a href="https://en.wikipedia.org/wiki/MoneyGram#Legal_cases" target="_blank">3Legal cases</a></li> <li data-xf-list-type="ul"><a href="https://en.wikipedia.org/wiki/MoneyGram#Philanthropy" target="_blank">4Philanthropy</a></li> <li data-xf-list-type="ul"><a href="https://en.wikipedia.org/wiki/MoneyGram#References" target="_blank">5References</a></li> </ul><h3>History[<a href="https://en.wikipedia.org/w/index.php?title=MoneyGram&action=edit&section=1" target="_blank">edit</a>]</h3><p>MoneyGram International formed as a result of two businesses merging, <a href="https://en.wikipedia.org/wiki/Minneapolis" target="_blank">Minneapolis</a>-based Travelers Express and <a href="https://en.wikipedia.org/wiki/Denver" target="_blank">Denver</a>-based Integrated Payment Systems Inc.[<em><a href="https://en.wikipedia.org/wiki/Wikipedia:Citation_needed" target="_blank">citation needed</a></em>] MoneyGram was first established as a subsidiary of Integrated Payment Systems and afterwards became independent company before it was acquired by Travelers in 1998.<a href="https://en.wikipedia.org/wiki/MoneyGram#cite_note-Western_Union,_Growing_Faster_Than_Its_Parent,_Is_to_Be_Spun_Off-8" target="_blank">[8]</a><a href="https://en.wikipedia.org/wiki/MoneyGram#cite_note-Viad_raises_offer_to_buy_MoneyGram-9" target="_blank">[9]</a> In 2004, Travelers Express became what is known today as MoneyGram International.</p><h4></h4><h4>MoneyGram Systems (1988–1997)[<a href="https://en.wikipedia.org/w/index.php?title=MoneyGram&action=edit&section=3" target="_blank">edit</a>]</h4><p>MoneyGram was formed in 1988 as a subsidiary of Integrated Payment Systems Inc.<a href="https://en.wikipedia.org/wiki/MoneyGram#cite_note-greenland-12" target="_blank">[12]</a><a href="https://en.wikipedia.org/wiki/MoneyGram#cite_note-therecord-13" target="_blank">[13]</a><a href="https://en.wikipedia.org/wiki/MoneyGram#cite_note-14" target="_blank">[14]</a> Integrated Payment Systems was a subsidiary of <a href="https://en.wikipedia.org/wiki/First_Data" target="_blank">First Data Corporation</a>, which was itself a subsidiary of <a href="https://en.wikipedia.org/wiki/American_Express" target="_blank">American Express</a>.<a href="https://en.wikipedia.org/wiki/MoneyGram#cite_note-Western_Union,_Growing_Faster_Than_Its_Parent,_Is_to_Be_Spun_Off-8" target="_blank">[8]</a> In 1992, First Data was spun off from American Express and publicly traded on the <a href="https://en.wikipedia.org/wiki/New_York_Stock_Exchange" target="_blank">New York Stock Exchange</a>.<a href="https://en.wikipedia.org/wiki/MoneyGram#cite_note-Western_Union,_Growing_Faster_Than_Its_Parent,_Is_to_Be_Spun_Off-8" target="_blank">[8]</a><a href="https://en.wikipedia.org/wiki/MoneyGram#cite_note-wsj98-15" target="_blank">[15]</a> First Data Corporation later merged with First Financial, the owners of rival <a href="https://en.wikipedia.org/wiki/Western_Union" target="_blank">Western Union</a>.<a href="https://en.wikipedia.org/wiki/MoneyGram#cite_note-Western_Union,_Growing_Faster_Than_Its_Parent,_Is_to_Be_Spun_Off-8" target="_blank">[8]</a> In order to approve the merger, the <a href="https://en.wikipedia.org/wiki/Federal_Trade_Commission" target="_blank">Federal Trade Commission</a> forced First Data to sell Integrated Payment Systems.<a href="https://en.wikipedia.org/wiki/MoneyGram#cite_note-therecord-13" target="_blank">[13]</a></p><p>Thomas Cook Global Foreign Exchange, under the stewardship of John Bavister, launched a re-engineered money transfer service in 1994. Branded as MoneyGram, the venture saw the partnering of the global travel giant with First Data Corp.</p><p>In 1996, Integrated Payment Systems, the nation's second largest non-bank consumer money transfer business, became its own publicly traded company and was renamed MoneyGram Payment Systems Inc.<a href="https://en.wikipedia.org/wiki/MoneyGram#cite_note-wsj98-15" target="_blank">[15]</a><a href="https://en.wikipedia.org/wiki/MoneyGram#cite_note-therecord-13" target="_blank">[13]</a> In 1997, James F. Calvano, former president of Western Union, became MoneyGram Payment Systems CEO.<a href="https://en.wikipedia.org/wiki/MoneyGram#cite_note-greenland-12" target="_blank">[12]</a> By the late 1990s, MoneyGram Payment Systems had served customers at over 22,000 locations in 100 countries.<a href="https://en.wikipedia.org/wiki/MoneyGram#cite_note-greenland-12" target="_blank">[12]</a><a href="https://en.wikipedia.org/wiki/MoneyGram#cite_note-wsj98-15" target="_blank">[15]</a></p><p>MoneyGram International Ltd. was established in 1997 by MoneyGram Payment Systems Inc. and Thomas Cook,<a href="https://en.wikipedia.org/wiki/MoneyGram#cite_note-16" target="_blank">[16]</a> a year after the company had gone public.<a href="https://en.wikipedia.org/wiki/MoneyGram#cite_note-greenland-12" target="_blank">[12]</a> At the time when MoneyGram International was established, MoneyGram Payment Systems owned 51 percent of the company, while the other 49 percent was owned by the <a href="https://en.wikipedia.org/wiki/Thomas_Cook_Group" target="_blank">Thomas Cook Group</a>.<a href="https://en.wikipedia.org/wiki/MoneyGram#cite_note-17" target="_blank">[17]</a><a href="https://en.wikipedia.org/wiki/MoneyGram#cite_note-18" target="_blank">[18]</a></p></blockquote><p></p>

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