MoneyGram International, Inc.

Dallas, TX United States

  (NYSE: MGI)

Company Description

MoneyGram International has just the ticket to move money around the world. Operating through primary subsidiary MoneyGram Payment Systems, the firm sells MoneyGram-branded cash transfers and money orders at some 267,000 locations around the globe. It is a leading provider of money orders in the US, issuing some 162 million annually. Wal-Mart is MoneyGram's largest money-transfer and money order agent, accounting for more than a quarter of the company's revenues. MoneyGram also offers in-person and electronic bill payment services, letting users pay everything from mortgages to utilities, and processes official checks for financial institutions. Thomas H. Lee Partners (THL) owns more than half of MoneyGram.