MoneyGram Payment Systems, Inc. · St. Louis Park, MN United States

MoneyGram Payment Systems, Inc. Rankings

Company Description

MoneyGram Payment Systems banks on its customers, the more than 1,800 financial institutions to which it provides payment processing services. The subsidiary of MoneyGram International provides banks, thrifts, and credit unions with official checks (such as those commonly used in consumer loan closings); it also sells money orders through them and offers them clearinghouse services. MoneyGram Payment Systems charges fees for its services, but derives most of its revenue from investing the funds underlying the checks or money orders. Subsidiary Financial Services Management Corporation (FSMC) provides processing services relating to controlled disbursements, such as WIC payments and rebate programs.

Financials

Executives

84 executives listed for MoneyGram Payment Systems, Inc.'s St. Louis Park, MN location.

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Top MoneyGram Payment Systems, Inc. Competitors

• American Express Company
• Fidelity National Information Services, Inc.
• First Data Corporation