- MoneyGram International update13 days ago
"Some interesting things are happening from online competition, like Facebook and their [Messenger] product. Our story is interesting, and what we like to talk about is there is nothing old or antiquated about our money transfer service.” - MoneyGram’s CFO & COO, Alex Holmes, interviewed for Tuscon News
- MoneyGram International update26 days ago
Watch Pam Patsley's CNN interview about the future of mobile phone apps and money transfer services:
Bringing loved ones closer, one transfer at a time
MoneyGram International Inc. (MoneyGram) is a leading global money transfer and payment services company. In fact, we're the second largest in the world, with market-leading growth. We provide quick and reliable worldwide funds transfer through our vast network of more than 347,000 agent locations - including retailers, international post offices and banks - in more than 200 countries and territories, and through mobile and online channels. MoneyGram offers convenient services to consumers around the world.
In addition to financial services provided through third-party agents, MoneyGram owns and operates retail locations in Belgium, France, Germany and the U.S. We also offer bill payment services in the U.S., Canada, Puerto Rico and certain agent locations in select Caribbean countries.
Our diverse and innovative products enable customers not fully served by traditional financial institutions to meet the monetary demands of their daily lives. We are a globally recognized and trusted brand who works hard to prevent and stop fraud and protect our consumers.
Meeting customers' financial needs since 1940
MoneyGram International can trace its roots back to 1940, with the founding of Minneapolis-based Travelers Express Co., Inc. Under parent company Viad Corp., Travelers Express quickly became one of the world's largest processors of money orders and a key player in the electronic payments industry, with ties to big-name businesses including bus company Greyhound Corp. and soap maker The Dial Corp.
In 1998 came a change that would form MoneyGram and ultimately lead to the company's success in the money transfer industry. Viad Corp purchased Denver-based international money transfer company MoneyGram Payment Systems Inc. Founded in 1988, MoneyGram Payment Systems Inc. was a subsidiary of a company that also owned Western Union.
Travelers Express and MoneyGram Payment Systems Inc. were seamlessly united to form MoneyGram, which quickly became a globally recognized and well-trusted brand. Then, just before midnight on June 30, 2004, Viad sold MoneyGram, and it became a publicly traded, individual entity.
Today, under chairman and chief executive officer Pamela H. Patsley, MoneyGram is the second-largest money transfer company in the world and has $1.5 billion in annual revenues. We have a track record of targeted growth and are well-positioned in a nearly $600 billion - and growing - industry.
MoneyGram now offers services at more than 347,000 agent locations in more than 200 countries, and has an aggressive expansion plan that includes 15 to 20 percent of revenue from self-service channels including online, mobile, account deposit, ATMs, and kiosks. We believe that self-service investments focused on an exceptional consumer experience are integral to our continued success.
At the heart of MoneyGram is a mission to bring loved ones closer. Whether our customers are sending or receiving money through cash-to-cash transactions, a bank account, online, or through a mobile device, our services are connecting friends, family members and loved ones - no matter where they are in the world.
In 2013, expatriates remitted nearly $550 billion dollars to developing countries, or nearly four times as much as government aid. These funds allow families to purchase life's essentials, from buying school supplies and food to paying rent and utility bills. MoneyGram is trusted by these customers to offer innovative, reliable, and convenient money transfer services.
It's a big responsibility, and it's the reason we are committed to customer convenience. We work to form collaborative relationships with agents including international post offices, retailers, and virtual agents to bring our services closer to our customers. It's why we are dedicated to innovation and are always searching for the best solutions.
In addition, we are committed to giving back and making a difference in our communities. MoneyGram launched the MoneyGram Foundation in 2012, a private grant-making foundation focused solely on helping children around the world gain better access to educational facilities and learning resources. In its first year of operations, the foundation has directly impacted more than 60,000 children in 19 countries.
MoneyGram's work also extends beyond continual improvement and growth. Our efforts include comprehensive scam awareness programs aimed at preventing and stopping fraud, and compliance programs that work to prevent money laundering while also ensuring conformity with government rules and regulations. We are ultimately aiming to increase the security of our industry.
But while we work to use our products, knowledge and skills to shape the future of the funds transfer business for the better, our priority is always to stand by our motto, "MoneyGram. Bringing You CloserTM."
Step into a World of Opportunity with MoneyGram International
At MoneyGram, we believe that our goal to build a strong organization starts with a commitment to our employees. That's why we strive to promote a challenging, rewarding and fun environment. We understand the importance of career development, so we provide many opportunities for you to learn, grow and, best of all, succeed. We also take pride in upholding a culture strongly rooted in our corporate values - respect, courage, passion, integrity and teamwork.
Why join MoneyGram International?
Not only are we one of the largest money transfer companies in the world, with agents in more than 200 countries and territories, we are industry innovators and game-changers. We continue to outperform our competition in a dynamic industry that moves $600 billion - and growing - around the world each year.
Though we have a large global reach, we maintain a fairly small team of approximately 2,500 employees, which means that each one of our team members plays a meaningful role in our success. MoneyGram is an equal opportunity employer, and we're focused on building our diverse and inclusive teams with top global talent to help us accomplish our goals.
Are you as interested in making a global impact? Then take a look at our U.S. and international jobs.
MoneyGram International Photos
- Work/Life Balance
- Culture & Values
- Career Opportunities
- Comp & Benefits
- Senior Management
I have been working at MoneyGram International full-time (Less than a year)RecommendsPositive OutlookApproves of CEORecommendsPositive OutlookApproves of CEO
With just 2700 employees, this is not a huge company but it does have a massively global footprint. If you're a go-getter who thrives in a non-structured environment and can figure things out for yourself, this is a GREAT place to work. For those who need strict processes and structure, this may not be the place for you. I absolutely love it because I feel I can be part of the creation of structure and processes. It is definitely a start-up type company, but has been around a long time. They are looking for people to help them innovate. There are many great leaders who are here to help effect change and progress which makes it an exciting place to be.
The company is in an aggressive change mode which can be challenging at times. We are moving very fast and it can be hard to keep.
Advice to Management
Communication has improved - keep that up! We have great senior leaders across the globe who are striving to make the company the best it can be.
Getting an Interview
Getting an Interview
Helpful (1)No OfferPositive ExperienceAverage Interview
I applied online. The process took 6 weeks – interviewed at MoneyGram International (Pompano Beach, FL) in March 2015.
Started out kind of bad, as the original recruiter missed 2 scheduled phone calls, without notice, email, sorry, etc, so by the time we talked I was a bit peeved. She sent me a thanks / no thanks email the next day. But being tenacious, I reached out via LinkedIn to the hiring manager and head of HR, and I actually got a call and another round of interviews. So big thumbs up for that. I subsequently had 3 interviews with a very together sr recruiter, the CMO and the head of HR, all good interviews that asked about my relevant experience, and felt me out for a cultural fit. All very professional, upbeat and focused. MoneyGram has had a tough year and these guys seem posed to turn that around.
- Very specific questions about how I had achieved the results outlined on my resume. This was a fairly high level position, so there we no "tell me about a time you dealt with an upset customer." 1 Answer
Let us know if we're missing any workplace or industry recognition –
At the heart of MoneyGram is a mission to bring loved ones closer. Whether our customers are sending or receiving money our services connect friends, family members and loved ones - no matter where they are in the world.
In 2013, expatriates remitted nearly $550 billion dollars to developing countries. These funds allow families to purchase life's essentials.
The MoneyGram Foundation focuses solely on helping children around the world gain better access to educational facilities and learning resources. The foundation has directly impacted more than 60,000 children in...