Press Release News
Press Releases/Company News
Wondering what's new with MoneyGram? Check out the press releases and other news below to see what we've been up to lately.
MoneyGram Acquires Two Money Transfer Businesses in Spain
Minneapolis, Minn., Aug. 11, 2008 — MoneyGram International, a leading global payment services company, today announced it has acquired MoneyCard World Express, S.A. and Cambios Sol S.A., two money transfer entities affiliated with its network in Spain, as part of the company’s strategy to accelerate expansion and assume more control over network growth and distribution in key send markets.
Multi-Year Contract Triples Canada Post MoneyGram Money Transfer Locations Service Planned at 2,000 More Post Offices by 2009
Minneapolis, Minn., Aug. 8, 2008 — Canada Post and MoneyGram International announced a new agreement today that will bring MoneyGram’s money transfer service to 2,000 more Canada Post locations and greatly expand the MoneyGram money transfer agent network throughout Canada.
MoneyGram International Announces Second Quarter 2008 Results
Minneapolis, Minn., Aug. 7, 2008 — MoneyGram International, Inc. (NYSE:MGI), today announced preliminary second quarter 2008 financial results.
MoneyGram Will Release Second Quarter Financial Results August 7; Conference Call Scheduled
Minneapolis, Minn., July 9, 2008 — MoneyGram International, Inc. (NYSE: MGI) will announce its second quarter financial results on Thursday, August 7.
MoneyGram Announces Program to Protect Consumers Against Fraud
Minneapolis, Minn., July 2, 2008 — MoneyGram International is adding to its existing efforts to protect consumers from fraud-induced money transfers in response to concerns from state Attorneys General.
MoneyGram Announces Common Stock Begins Trading On NYSE Arca
Minneapolis, Minn., June 23, 2008 — MoneyGram International, Inc. (NYSE:MGI) announced today that on June 20, 2008, its common stock began actively trading on NYSE Arca, a national securities exchange owned by NYSE Euronext. The Company’s ticker symbol (MGI) has not changed and the Company remains listed on the NYSE.
MoneyGram Announces Philip Milne has Stepped Down as Chairman, President & CEO
Company Commences Search for New CEO
Minneapolis, Minn., June 19, 2008 — MoneyGram International, Inc. (NYSE:MGI) announced today that Philip W. Milne has stepped down from his position as Chairman, President & Chief Executive Officer of the Company effective immediately.
MoneyGram International Announces First Quarter 2008 Results, Money Transfer Volume Grows 22 Percent
Minneapolis, Minn., May 8, 2008 — MoneyGram International, Inc. (NYSE:MGI), today announced first quarter 2008 financial results.
MoneyGram Will Release First Quarter Earnings May 8; Conference Call Scheduled
Minneapolis, Minn., May 1, 2008 – MoneyGram International, Inc. (NYSE: MGI) will announce its first quarter financial results on Thursday, May 8.
MoneyGram International Announces Full Year 2007 Results Files 2007 10-K Completes Comprehensive Recapitalization Agreement
Minneapolis, Minn., March 25, 2008 — MoneyGram International, Inc. (NYSE:MGI), today announced full year 2007 financial results and filed its 2007 Form 10-K.
MoneyGram Completes Comprehensive Recapitalization with Investor Group Led By Thomas H. Lee Partners, L.P. and Goldman Sachs
MINNEAPOLIS March 25, 2008 – MoneyGram International, Inc. (NYSE:MGI) today announced that it has successfully completed the transaction with an investment group (the “Investors”) led by Thomas H. Lee Partners, L.P. (THL) and Goldman, Sachs & Co. (Goldman Sachs), to provide for a comprehensive recapitalization of the Company.
MoneyGram Enters Into Amended Definitive Agreement with Investor Group Led By Thomas H. Lee Partners, L.P. and Goldman Sachs
MINNEAPOLIS March 17, 2008 – MoneyGram International, Inc. (NYSE:MGI) today announced that it has entered into an amended definitive agreement with an investment group (the Investors) led by Thomas H. Lee Partners, L.P. (THL) and Goldman, Sachs & Co. (Goldman Sachs), concerning a comprehensive recapitalization of the Company.
MoneyGram Agrees to Amend Recapitalization Agreement With Investment Group Led By Thomas H. Lee Partners, L.P., and Goldman Sachs
MINNEAPOLIS, Minn., March 10, 2008 – MoneyGram International, Inc., today announced that it has agreed to amend its agreement with an investment group led by Thomas H. Lee Partners, L.P., and Goldman, Sachs & Co., concerning a comprehensive recapitalization of the Company.
MoneyGram Offers Services in 2,800 Advance America Locations
MINNEAPOLIS, Minn., March 5, 2008 – MoneyGram International, Inc., announced today the completion of the rollout of three new services in over 2,800 Advance America locations across the United States.
MoneyGram Launches Major Global Campaign Via Draftfcb
CHICAGO, Feb. 26 /PRNewswire/ – MoneyGram International has launched a major global campaign spanning TV, print, radio, out-of-home, retail, point of sale, website development and employee communication under agency of record Draftfcb.
MoneyGram Announces Multi-Year Agreement With
ACE Cash Express
MINNEAPOLIS, Minn., Feb. 14, 2008 – MoneyGram International, Inc, announced today that ACE Cash Express, Inc, has agreed to a multi-year extension of its contract to offer MoneyGram payment services at its locations across the U.S. ACE’s contract, which includes MoneyGram’s money transfer, ExpressPayment and money order services, would have expired at the end of 2009.
MoneyGram Enters Into Definitive Agreement with Investor Group Led By Thomas H. Lee Partners, L.P. and Goldman Sachs
Reaches Multi-Year Extension of Contract with Wal-Mart; Provides Portfolio Update
Minneapolis, Minn., Feb. 12, 2008 – MoneyGram International, Inc. (NYSE:MGI) today announced that it has entered into a definitive agreement with an investment group (the “Investors”) led by Thomas H. Lee Partners, L.P. (THL) and Goldman, Sachs & Co. (Goldman Sachs), concerning a comprehensive recapitalization of the Company.
MoneyGram Announces Portfolio Valuation as of November 30 and Exclusive Discussions with Thomas H. Lee Partners for $800 Million Equity Investment; Company Obtains Amendments and Waivers Under Credit Agreements; Realigns Official Check Business
Minneapolis, Minn., Jan. 14, 2008 – MoneyGram International, Inc. (NYSE:MGI) announced that it has completed the valuation of its investment portfolio as of November 30, 2007, and has experienced additional net unrealized losses of $571 million from September 30, 2007, bringing cumulative net unrealized losses to $860 million.
MoneyGram International, Inc. Responds to Letter from Blum Capital Partners, L.P.
Minneapolis, Minn., Dec. 21, 2007 - MoneyGram International, Inc. sent the following letter today to Blum Capital Partners, L.P. in response to its letter of December 17, 2007, which was filed with the SEC as an amendment to its existing 13D filing.
MoneyGram International, Inc. Comments on Letter from Euronet
Minneapolis, Minn., December 13, 2007 – MoneyGram International, Inc. (NYSE:MGI) confirmed today that it has received an unsolicited letter from Euronet Worldwide (NASDAQ:EEFT), proposing a business combination between MoneyGram and Euronet in which MoneyGram shareholders would receive shares of Euronet common stock at a fixed exchange ratio of 0.6179 shares of Euronet common stock in exchange for each MoneyGram share.
MoneyGram Announces Additional Winners In 2007 House For Mom Sweepstakes
Minneapolis, Minn., November 28, 2007 — MoneyGram announced today the names of this year's $500 winners in the "Win $75,000 To Buy A House For Mom" Sweepstakes
Anthony P. Ryan Named Chief Operating Officer At MoneyGram International
Minneapolis, Minn., November 19, 2007 — Anthony (Tony) P. Ryan, executive vice president and president of MoneyGram Global Payment Products and Services, was promoted to executive vice president/chief operating officer of MoneyGram International last week..
MoneyGram International Declares Quarterly Dividend
MINNEAPOLIS, Minn., November 15, 2007 — The board of directors of MoneyGram International, Inc. (NYSE:MGI) today declared a quarterly dividend of $0.05 per common share payable on January 2, 2008 to stockholders of record at the close of business on December 14, 2007.
MoneyGram International Announces Third Quarter 2007 Results; Money Transfer Volume Up 25 percent; Retains JP Morgan For Strategic Review of Payment Systems Business
Minneapolis, Minn., October 17, 2007 — MoneyGram International, Inc. (NYSE:MGI), today announced third quarter 2007 net income of $34.3 million, or $0.41 per diluted share, compared to $30.0 million, or $0.35 per diluted share in the third quarter of 2006.
MoneyGram International Announces Winner of $100,000 House For Mom Sweepstakes; 50 individuals Will Receive $500 Prizes
Minneapolis, Minn., September 26, 2007 — MoneyGram announced today that Berneita Carter of Laurel, MD is the 2007 grand prize winner of MoneyGram’s annual “Win $100,000 To Buy A House For Mom” Sweepstakes
MoneyGram Will Release Third Quarter Earnings October 17; Conference Call Scheduled
Minneapolis, Minn., September 24, 2007 — MoneyGram International, Inc. (NYSE: MGI) will announce its third quarter financial results on Wednesday, October 17.
MoneyGram Will Expand Range of Payment Services With Acquisition of PropertyBridge
Minneapolis, Minn., September 13, 2007 — MoneyGram International, Inc. today announced it has reached an agreement to acquire PropertyBridge, Inc., a leading provider of electronic payment processing services for the real estate management industry.
MoneyGram International to Present at Wachovia Services Conference
Minneapolis, Minn., September 6, 2007 — MoneyGram International, Inc. (NYSE:MGI), today announced the company will participate in the 1st Annual Wachovia Services Conference in New York on September 11, 2007 at 1:15 p.m. EDT.
MoneyGram Offers No-Fee Service For Sending Donations to Red Cross for Hurricane and Peru Relief Programs
Minneapolis, Minn., August 27, 2007 — MoneyGram announced today that its money transfer network in the U.S. will be available for sending donations to the American Red Cross to help victims of the recent hurricane and earthquake in Latin America and the Caribbean
MoneyGram International Declares Quarterly Dividend
Minneapolis, Minn., August 16, 2007 — The board of directors of MoneyGram International, Inc. (NYSE:MGI) today declared a quarterly dividend of $0.05 per common share payable on October 1, 2007 to stockholders of record at the close of business on September 14, 2007.
MoneyGram International Announces Second Quarter 2007 Results; Money Transfer Volume Up 29 percent
Minneapolis, Minn., July 18, 2007 — MoneyGram International, Inc. (NYSE:MGI), today announced second quarter 2007 net income of $32.4 million, or $0.38 per diluted share, compared to $36.7 million, or $0.42 per diluted share in the second quarter of 2006.
MoneyGram Will Release Second Quarter Earnings July 18; Conference Call Scheduled
Minneapolis, Minn., June 28, 2007 — MoneyGram International, Inc. (NYSE: MGI) will announce its second quarter financial results on Wednesday, July 18.
MoneyGram International to Present at the JMP Securities 6th Annual Research Conference
Minneapolis, Minn., May 14, 2007 — MoneyGram International, Inc. (NYSE:MGI) today announced that the company will attend the 6th Annual JMP Securities Research Conference on May 21, 2007 in San Francisco, CA. Management is scheduled to present at 11:30 am PDT.
MoneyGram International Increases Share Repurchase Authorization and Approves Quarterly Dividend
Minneapolis, Minn., May 9, 2007 — MoneyGram International, Inc. (NYSE:MGI) today announced that the board of directors has increased the Company’s share repurchase authorization by an additional 5.0 million shares, bringing the total authorization to 12.0 million shares.
WesCorp Selects MoneyGram for Official Check and Money Order Processing
Minneapolis, Minn., April 19, 2007 — MoneyGram Payment Systems, Inc., a subsidiary of MoneyGram International, Inc. (NYSE:MGI) a leading payment services company, announces it has signed a multi-year agreement with Western Corporate Federal Credit Union (“WesCorp”) to provide its official check and money order outsourcing solution
MoneyGram International Announces First Quarter 2007 Results Money Transfer Volume Grows 30 percent
Minneapolis, Minn., April 18, 2007 — MoneyGram International, Inc. (NYSE:MGI), today announced first quarter 2007 net income of $29.8 million, or $0.35 per diluted share, compared to $30.9 million, or $0.36 per diluted share in the first quarter of 2006.
MoneyGram Increases Grand Prize to $100,000 in “House for Mom” Sweepstakes
Minneapolis, Minn., April 2, 2007 – MoneyGram kicked off its annual “Buy a House for Mom” sweepstakes on April 1 with a new grand prize of $100,000, a 25 percent increase over last year’s prize. MoneyGram also will award 50 first prizes of $500 each, in addition to the grand prize. For the next two months, anyone in the U.S. sending a MoneyGram® money transfer will automatically be entered in the sweepstakes.
MoneyGram aumenta premio mayor del concurso ‘Una Casa para Mamá’ a US$100.000
Minneapolis, Minn., April 2, 2007 - MoneyGram inició su concurso anual "Compra una Casa para Mamá”, el 1ro. de abril con un nuevo premio mayor de US$100.000, un aumento del 25 por ciento sobre el premio del año pasado.
MoneyGram Will Release First Quarter Earnings April 18; Conference Call Scheduled
Minneapolis, Minn., March 27, 2007 – MoneyGram International, Inc. (NYSE: MGI) will announce its first quarter financial results on Wednesday, April 18. Phil Milne, chairman, president and CEO, and Dave Parrin, executive vice president and CFO, will host a conference call beginning at 5:00 p.m. EDT that day.
MoneyGram House for Mom Rules 2007
MoneyGram International Hosts 2007 Analyst Day March 7
Minneapolis, Minn., March 6, 2007 - MoneyGram International, Inc. (NYSE:MGI), will host the company’s 2007 Analyst Day tomorrow, March 7, 2007 from 8:30 to 11:00 am Central Time at its headquarters in Minneapolis. Phil Milne, chairman, president and chief executive officer of MoneyGram International, will host presentations and hold a question and answer session.
MoneyGram International Declares Quarterly Dividend
Minneapolis, February 15, 2007 - The board of directors of MoneyGram International, Inc. (NYSE:MGI) today declared a quarterly dividend payment of $0.05 per common share payable on April 2, 2007 to stockholders of record at the close of business on March 16, 2007. Any future dividends are at the discretion, and subject to approval, of the company's board of directors.
MoneyGram International Announces Fourth Quarter and Full Year 2006 Results; Provides Earnings Guidance for 2007
Minneapolis, Minn., January 24, 2007 - MoneyGram International, Inc. (NYSE:MGI), today announced full year 2006, income from continuing operations of $124.1 million, or earnings per diluted share from continuing operations of $1.45, compared to $112.2 million, or $1.30 for the full year 2005.
2007 Hispanic Youth Scholarship Application
NEW YORK, NY, Jan. 24, 2007 -- FIFTH ANNUAL MONEYGRAM INTERNATIONAL/MONEYGRAM OF NEW YORK HISPANIC YOUTH LEADER'S SCHOLARSHIP: This award is designed to showcase the contributions of Hispanic youth leaders residing in the Bronx, Brooklyn, Manhattan or Queens, and attending the New York City Public Schools. The top five selected students will receive $2,000 and the most outstanding winner will get $3,000 to help cover the cost of the first year of college.
MoneyGram Reports Isolated Server Security Incident; Company Notifying Customers, Working With Law Enforcement
Minneapolis, Minn., Jan. 12, 2007 - MoneyGram today announced that a company server with consumer information for about 79,000 bill payment customers was unlawfully accessed via the Internet last month. Forensic experts have not been able to verify that any information was actually compromised, however the company is notifying customers that some personal information may have been viewed or obtained by unauthorized parties.. Notification is required by some state and federal regulations.
MoneyGram To Announce Fourth Quarter and Full Year 2006 Results;Company Will Give 2007 Financial Guidance
Minneapolis, Minn., January 4, 2007 - MoneyGram International, Inc. (NYSE: MGI) will announce fourth quarter and full year 2006 financial results on January 24, 2007. Phil Milne, CEO, and Dave Parrin, CFO, will host a conference call beginning at 5:00 p.m. EDT that day. The company will also discuss financial guidance for 2007 at that time..
