BNET Industries

MoneyGram International Inc.

(MGI) is in the Financial Services Industry

Market Cap:$210.4M
Last Fiscal Year Sales:$683.3M
  • Public
  • US
Dow Jones Description

MoneyGram International, Inc., a leading global payment services company and S&P MidCap 400 company, is based in Minneapolis. The company?s major products and services include global money transfers, money orders and payment processing solutions for financial institutions and retail customers. MoneyGram is a New York Stock Exchange listed company, with $1.2 billion in revenue in 2006 and approximately 125,000 global money transfer agent locations in 170 countries and territories.

President & CEO
Philip W. Milne
Number of Employees 1,887
Contact Information

1550 Utica Avenue South

Saint Louis Park, Minnesota 55416-5312

www.moneygram.c...

952-591-3000

NAICS Code Financial Transactions Processing, Reserve, and Clearinghouse Activities: 522320

Recent Events

  • VerdictSearch: Western Union Wins $16,529,502 in Infringement Case

    11/18/09 - Lawsuit Filed - View Story

  • Money transfers increasingly dangerous for consumers

    11/17/09 - Financial Announcement - View Story

  • Market Report -- In Play MGI

    11/03/09 - Joint Venture / Alliance - View Story

  • MoneyGram Loss Slims as Sales Rise

    10/30/09 - Legal Settlement - View Story

  • Money Transfers Increasingly Dangerous for Consumers

    11/02/09 - Financial Announcement - View Story

  • The Fixer: Overdraft fees get out of hand

    10/24/09 - Legal Settlement - View Story

  • MoneyGram and Duane Reade renew agreement

    10/19/09 - Joint Venture / Alliance - View Story

  • MoneyGram enters into multi-year agreement with Itau Unibanco

    10/07/09 - Joint Venture / Alliance - View Story

  • MoneyGram MGI In Deal With Brazil's Itaú Unibanco To Add 1,000 Locations

    10/06/09 - Joint Venture / Alliance - View Story

  • PicksThatMove: www.PicksThatMove.com: "Picks that move" Alerts, October 01, 2009: MGI, FO, AEP, HRC, IRF and...

    10/01/09 - Joint Venture / Alliance - View Story

  • UPDATE 1-Western Union wins $16.5 mln in MoneyGram lawsuit

    9/25/09 - Financial Announcement - View Story

  • Western Union wins patent case against MoneyGram

    9/25/09 - Lawsuit Filed - View Story

  • Carrefour partners with MoneyGram to provide money transfers in Romania

    9/17/09 - Joint Venture / Alliance - View Story

  • MoneyGram hires new EVP of human resources

    9/14/09 - Mgmt. Change Entering - CEO - View Story

  • MoneyGram International appoints executive vice president of human resources

    9/14/09 - Mgmt. Change Entering - Vice President - View Story

  • New pay options for underbanked

    9/14/09 - Joint Venture / Alliance - View Story

  • MoneyGram names new CEO

    9/01/09 - Financial Announcement - View Story

News & Analysis

moneygram international inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Philip W. Milne President & CEO
David Albright Executive Vice President and Chief Information Officer
David J. Parrin Executive Vice President and Chief Financial Officer
Thomas E. Haider Senior Vice President, Government Affairs and Chief Compliance Officer
William J. Putney Executive Vice President & Chief Investment Officer
Anthony P. Ryan Executive Vice President & President, Global Payment Products and Services
Cindy J. Stemper Executive Vice President, Human Resources & Corporate Services
Mary A. Dutra Executive Vice President, Global Payment Processing and Settlement
Teresa H. Johnson General Counsel, Executive Vice President & Secretary
Vicki Keller Vice President, Global Payment Services

Board of Directors

Name (plus bio) Position
Albert M. Teplin Board of Directors
Donald E. Kiernan Board of Directors
Douglas L. Rock Board of Directors
Jess Hay Board of Directors
Judith K. Hofer Board of Directors
Linda Johnson Rice Board of Directors
Monte E. Ford Board of Directors
Othon Ruiz Montemayor Board of Directors
Robert C. Krueger Board of Directors
Timothy R. Wallace Board of Directors

Organization Position Status
MoneyGram International, Inc. President & CEO Current
MoneyGram International, Inc. Chairman Current
Citigroup Inc. sales and new business development director Former

After spending almost 20 years in information technology with Reliant Energy/Minnegaso, Mr. Albright joined Travelers Express, MoneyGram's predecessor, in May, 2000, as Vice President of information technology. He was promoted to Chief Information Officer for the company in 2001.

Organization Position Status
MoneyGram International, Inc. Executive Vice President and Chief Information Officer Current
RRI Energy Inc. Former

Mr. Parrin assumed the position of CFO for MoneyGram's predecessor, Travelers Express, in June 2002. Prior to that move, he was Executive Vice President and CFO for the Minneapolis-based investment firm of Dain Rauscher. In the mid 90s, he was Senior Vice President and Corporate Controller at U.S. Bancorp. Mr. Parrin's career started at Ernst & Young, where he spent 20 years, advancing to audit partner.

Organization Position Status
MoneyGram International, Inc. Executive Vice President and Chief Financial Officer Current

Mr. Haider spent seven years representing the Minnesota League of Credit Unions in both legislative and regulatory matters before joining the Travelers Express legal department in 1992. He has been instrumental in building a strong government affairs program first for Travelers Express and now MoneyGram. He has shaped the company's anti-money laundering program which is used in fraud prevention world-wide. Today he is also the company's compliance officer.

Organization Position Status
MoneyGram International, Inc. Senior Vice President, Government Affairs and Chief Compliance Officer Current

Organization Position Status
MoneyGram International, Inc. Executive Vice President & Chief Investment Officer Current

Organization Position Status
MoneyGram International, Inc. Executive Vice President & President, Global Payment Products and Services Current
First Data Corporation Director of Finance Former
MoneyGram International, Inc. Vice President & Controller Former

Ms. Stemper started in the human resources department at MoneyGram's predecessor, Travelers Express, in 1984. She was made Vice President of the department in 1996. Today she is responsible for the human resources activities and facilities duties at all corporate locations.

Organization Position Status
MoneyGram International, Inc. Executive Vice President, Human Resources & Corporate Services Current

Ms. Dutra joined MoneyGram's predecessor, Travelers Express, in 1988 as Manager of item processing. Throughout most of her career with the company, she has advanced through the ranks of operations. She moved into senior management as Vice President of Global Operations and later assumed the additional leadership responsibilities for the company's Payment Systems Division. This division provides services to financial institutions and businesses and includes the company's FSMC subsidiary. In 2006, Ms. Dutra was selected to lead the company's consolidated processing and settlement organization. Prior to her employment with Travelers Express, Ms. Dutra spent fifteen years with Norwest Bank in St. Paul (now Wells Fargo).

Organization Position Status
MoneyGram International, Inc. Executive Vice President, Global Payment Processing and Settlement Current
MoneyGram International, Inc. Manager Former
Norwest Bank Former
Wells Fargo & Company Former

Organization Position Status
MoneyGram International, Inc. General Counsel, Executive Vice President & Secretary Current
MoneyGram International, Inc. General Counsel, Vice President & Secretary Current
Giant Eagle, Inc. Vice President Former

Organization Position Status
MoneyGram International, Inc. Vice President, Global Payment Services Current

Economist and a consultant to the Board of Governors of the Federal Reserve System, the U.S. Department of Commerce and the International Monetary Fund and to businesses and governments

Organization Position Status
MoneyGram International, Inc. Board of Directors Current
Trinity Industries, Inc. President Former

Organization Position Status
MoneyGram International, Inc. Board of Directors Current

Organization Position Status
MoneyGram International, Inc. Board of Directors Current

Organization Position Status
MoneyGram International, Inc. Board of Directors Current

Organization Position Status
MoneyGram International, Inc. Board of Directors Current

Organization Position Status
Fashion Fair Cosmetics President & CEO Current
MoneyGram International, Inc. Board of Directors Current
Johnson Publishing Company, Inc. President & CEO Former
Bausch & Lomb Incorporated Board of Directors Former

Organization Position Status
AMR Corporation CIO & Senior Vice President, IT, American Airlines Current
American Airlines, Inc. Senior Vice President, Information Technology and Chief Information Officer Current
MoneyGram International, Inc. Board of Directors Current

Organization Position Status
MoneyGram International, Inc. Board of Directors Current

Organization Position Status
MoneyGram International, Inc. Board of Directors Current

Organization Position Status
MoneyGram International, Inc. Board of Directors Current

Executive News

  • American Airlines says Hewlett-Packard to create reservation system

    San Jose Mercury News - 8/27/09 - View Story

  • American Airlines to develop new IT system to replace Sabre

    Chicago Tribune - 8/26/09 - View Story

  • Touch screens to replace paper at planes, gates

    Philadelphia Inquirer - 8/10/09 - View Story

  • Remittance industry has huge potential for growth [Arab News, Jeddah, Saudi Arabia]

    BusinessWeek - 7/18/09 - View Story

  • MoneyGram to Release Second Quarter Financial Results August 6

    Business Wire - 7/10/09 - View Story

  • MoneyGram International and Saudi Arabia's National Commercial Bank Announce Strategic...

    Forbes.com - 6/30/09 - View Story

  • MoneyGram International and Saudi Arabias National Commercial Bank Announce Strategic Relationship to Launch Kingdoms Largest Global Money Transfer Network

    Business Wire - 6/30/09 - View Story

  • Jackson's cultural identity remains a sticky debating point

    Los Angeles Times - 6/27/09 - View Story

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     MGI $2.55 -0.08 (-3.04% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 559,563
Shares Outstanding 82.52M
Market Cap 210.4M
Year High 3.43
Year Low 0.86
Earnings Per Share -0.05
P/E Ratio -51.00
Dividend N/A
Yield N/A
IndustryTop Rated

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