MoneyGram International Inc (NASDAQ:MGI)

MoneyGram International, Inc. is a global payment services company, which offers global money transfers, bill payment solutions and money orders. The company operates through two business segments: Global Funds Transfer and Financial Paper Products. The Global Funds Transfer segment provides money transfer and bill payment services to consumers, who are often unbanked or underbanked. It also provides services to convenience users and emergency users who may have a checking account with a financial institution but prefer to use its services on the basis of convenience or to make emergency payments. This segment primarily offers services to consumers through third-party agents, including retail chains, independent retailers and financial institutions. The Financial Paper Products segment provides money orders to consumers through its retail and financial institution agent locations in the United States and Puerto Rico, and provides official check services for financial institutions in the U.S. MoneyGram International was founded on June 30, 2004 and is headquartered in Dallas, TX.