Money Gram

They area high-performance payment services company that efficiently and economically moves money around the world or close to home. Their core corporate organization has both a global funds transfer group serving retail businesses and a payment systems division that services financial institutions. The global funds transfer business line includes Travelers Express money orders, MoneyGram money transfers, ExpressPayment SM emergency bill payments, gift certificates and utility bill payments.

Company products are available in more than 100,000 locations worldwide. The financial line of business provides financial institutions with official checks and financial money orders. It also processes share drafts for credit unions. The official check product is currently one of Travelers Express' fastest growing business lines. FSMC is a subsidiary of Travelers Express. FSMC processes a variety of payment transactions including rebates, refund checks, controlled disbursements, gift certificates and WIC payments. Travelers Express Company, Inc. and MoneyGram Payment Systems, Inc., operate as subsidiaries of MoneyGram International, Inc. (NYSE: MGI).