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Մասնակից:Tatevik2004/Ավազարկղ4

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Մոնիգրամ համակարգ (1988–1997) խմբագրել

MoneyGram was formed in 1988 as a subsidiary of Integrated Payment Systems Inc.[1][2][3] Integrated Payment Systems was a subsidiary of First Data Corporation, which was itself a subsidiary of American Express.[4] In 1992, First Data was spun off from American Express and publicly traded on the New York Stock Exchange.[4][5] First Data Corporation later merged with First Financial, the owners of rival Western Union.[4] In order to approve the merger, the Federal Trade Commission forced First Data to sell Integrated Payment Systems.[2]

Thomas Cook Global Foreign Exchange, under the stewardship of John Bavister, launched a re-engineered money transfer service in 1994. Branded as MoneyGram, the venture saw the partnering of the global travel giant with First Data Corp.

In 1996, Integrated Payment Systems, the nation's second largest non-bank consumer money transfer business, became its own publicly traded company and was renamed MoneyGram Payment Systems Inc.[5][2] In 1997, James F. Calvano, former president of Western Union, became MoneyGram Payment Systems CEO.[1] By the late 1990s, MoneyGram Payment Systems had served customers at over 22,000 locations in 100 countries.[1][5]

MoneyGram International Ltd. was established in 1997 by MoneyGram Payment Systems Inc. and Thomas Cook,[6] a year after the company had gone public.[1] At the time when MoneyGram International was established, MoneyGram Payment Systems owned 51 percent of the company, while the other 49 percent was owned by the Thomas Cook Group.[7][8]

Միջազգային մոնիգրամ (1998–այսօր) խմբագրել

In April 1998, Viad Corp acquired MoneyGram Payment Systems Inc.[9][10] for $287 million.[5] MoneyGram was then folded into Viad's Travelers Express in Minneapolis.[5] In November 2000, the MoneyGram brand and business was sold to Travelex as part of its acquisition of Thomas Cook Financial Services for £400m. In 2003, Travelers Express gained full ownership of the MoneyGram network, including MoneyGram International.[1] Later that year, Viad spun off Travelers Express as an independent company.[11] In January 2004 Travelers Express was renamed to MoneyGram International Inc.[11][12] In June 2004, Viad sold MoneyGram and it became a publicly traded, individual entity.

By 2006, MoneyGram International had expanded internationally to include over 96,000 agents in regions such as the Asian-Pacific, Eastern Europe, and Central America.[1] The company had also introduced additional services such as bill payment and online money transfers.

During the financial crisis of 2007–2008, MoneyGram's shares fell 96 percent from 2007 to 2009.[13] It lost more than $1.6 billion from investments in securities backed by risky mortgages in 2008, and the losses led the company to sell a majority stake to Thomas H. Lee Partners and Goldman Sachs in exchange for a cash infusion.[14] During the drop, U.S. Bancorp shifted its money transfer services to Western Union.[15] The company became profitable again in 2009.[15]

Amid MoneyGram's turnaround, Pamela Patsley became the executive chairwoman of the company in January 2009 and was later named CEO in September of that year.[16][17] In November 2010, MoneyGram officially relocated its global headquarters to the city of Dallas, Texas.[13][17] The company continues to maintain global operations and information technology centers in Minneapolis, Minnesota.[13]

In 2013, MoneyGram began considering a sale. In 2014, MoneyGram lost a relationship with Wal-Mart Stores and then began restructuring to cut costs. From their peak in 2013 until late 2015, shares fell about 70%.[18] MoneyGram closed a call center in Lakewood, Colorado resulting in over 500 layoffs. Furthermore, MoneyGram closed its 376-person Brooklyn Center operation in 2015.[19] MoneyGram has moved numerous positions to Warsaw, Poland from its Colorado and Minnesota locations to cut costs further.[20] In 2015, the company's agent network in Africa reached 25,000 locations, including an agreement with the Mauritius Post Office.[21][22]

Between late October 2016 and January 2017, MoneyGram's shares doubled in value.[18] On January 26, 2017, Ant Financial Services Group announced a deal to acquire MoneyGram International for $880 million; the deal subsequently collapsed after it was rejected by the Committee on Foreign Investment in the United States.[18][23]

On June 17, 2019, MoneyGram announced they were partnering with Ripple to utilize the digital asset XRP for cross-border remittance.

In July 2020, Digital Financial Services LLC and MoneyGram have collaborated to provide overseas remittance services in the UAE. Through this partnership, eWallet consumers will enable real-time foreign money transfers to friends and families in more than 200 countries and territories around the world through a network of mobile wallet providers, bank account deposit facilities, and more than 350,000 walk-in locations.[24]

In February 2022, MoneyGram agreed to be acquired for $1 billion in cash by Madison Dearborn Partners, a private equity firm.[25] The acquisition was completed in June 2023.

Թողարկումներ խմբագրել

 
MoneyGram products

Դրամական փոխանցումներ խմբագրել

  • MoneyGram Money Transfer
  • MoneyGram Bill Payments Services - allowing consumers to make urgent payments or pay routine bills to certain creditors.
  • MoneyGram as a Service – enables enterprise customers to leverage the company's core capabilities as productized service offerings to meet their various business needs and add services and scale.

Արժեթղթեր խմբագրել

  • Money Orders - MoneyGram is the second largest money order supplier.[26][27][28]
  • Official Checks - MoneyGram offers official check outsourcing services which are available to financial institutions in the United States. Official Checks are used by consumers where a payee requires a check drawn on a bank and by financial institutions to pay their own obligations.

Կրիպտոարժույթ խմբագրել

  • Cryptocurrency Cash Network – Through a relationship with Coinme,[29] consumers can purchase or exchange bitcoin for U.S. dollars at select MoneyGram retail locations.[30]

Իրավական գործեր խմբագրել

In November 2012, MoneyGram International admitted to anti-money laundering and wire fraud violations.[31] MoneyGram services were used by unrelated parties involved in mass marketing and consumer phishing scams that defrauded thousands of victims in the United States.[32]

As a part of the settlement, it created a $100 million victim compensation fund.[33] MoneyGram also retained a corporate monitor who will report regularly to the United States Department of Justice for a five-year trial period. If MoneyGram fulfills its obligations under the settlement, prosecutors will seek dismissal of the charges of aiding and abetting wire fraud.[33]

The company also terminated any agents complicit in the 2009 scams and invested more than $84 million in improvements to the company's consumer anti-fraud systems and consumer awareness education.[32] In February 2015, MoneyGram assisted a Houston reporter in shutting down a fraud scam after discovering a scheme that utilized an account with the company.[34]

In February 2016, it agreed it would pay $13 million to end a probe stemming from customer complaints that scam artists duped them into wiring funds via the money transfer service. The settlement, with attorneys general in 49 states and Washington, D.C., includes $9 million for a nationwide fund that will facilitate the return of money to some MoneyGram customers and $4 million to cover states' costs and fees, according to numerous announcements by state attorneys general.[35]

In April 2022, the U.S. Consumer Financial Protection Bureau and New York Attorney General Letitia James filed a complaint against MoneyGram for its repeated violations of the law, ignoring customer complaints and government warnings. The complaint states that the company has repeatedly "stranded" recipients waiting for their money, gave senders inaccurate information about when transfers would be completed and failed to address customer complaints in accordance with the 2013 rule.

The lawsuit is CFPB’s fifth remittance-related case since 2019, which seeks unspecified refunds, restitution, and civil damages. The case is Consumer Financial Protection Bureau et al v MoneyGram International Inc et al, U.S. District Court, Southern District of New York, No. 22-03256.[36]

Ծանոթագրություններ խմբագրել

  1. ↑ 1,0 1,1 1,2 1,3 1,4 1,5 Greenland, Paul R. (2008). Tina Grant (ed.). «MoneyGram International, Inc». International Directory of Company Histories. Vol. 94. Detroit: St. James Press. էջեր 315–318.
  2. ↑ 2,0 2,1 2,2 «FIRST DATA SPINNING OFF MONEYGRAM UNIT». The Record. January 17, 1996.
  3. ↑ «Form 8-K». Securities & Exchange Commission. Վերցված է 11 October 2014-ին.
  4. ↑ 4,0 4,1 4,2 Քաղվածելու սխալ՝ Սխալ <ref> պիտակ՝ «Western Union, Growing Faster Than Its Parent, Is to Be Spun Off» անվանումով ref-երը տեքստ չեն պարունակում:
  5. ↑ 5,0 5,1 5,2 5,3 5,4 Steven Lipin (6 April 1998). «Viad of Phoenix Agrees to Acquire Payments Firm for $287 Million». Wall Street Journal. Վերցված է 29 September 2014-ին.
  6. ↑ «MoneyGram Acquires Travelex Group's Interest in Joint Venture». businesswireindia.com. Վերցված է 2018-07-30-ին.
  7. ↑ «MONEYGRAM, THOMAS COOK FORM JOINT VENTURE FOR». Bloomberg. Վերցված է 11 October 2014-ին.
  8. ↑ «Form 10-K». Securities & Exchange Commission. Արխիվացված է օրիգինալից 31 October 2014-ին. Վերցված է 11 October 2014-ին.
  9. ↑ Քաղվածելու սխալ՝ Սխալ <ref> պիտակ՝ «Viad raises offer to buy MoneyGram» անվանումով ref-երը տեքստ չեն պարունակում:
  10. ↑ Vandeveire, Mary (29 May 1998). «Viad buys MoneyGram for $219 M». The Business Journal - Serving Phoenix & the Valley of the Sun.
  11. ↑ 11,0 11,1 Tom Smith (22 March 2007). «35. MoneyGram International Inc». Minneapolis/St. Paul Business Journal. Վերցված է 20 November 2014-ին.
  12. ↑ «Viad completes MoneyGram spinoff». Phoenix Business Journal. 1 July 2004. Վերցված է 20 November 2014-ին.
  13. ↑ 13,0 13,1 13,2 Jennifer Bjorhus (12 May 2014). «MoneyGram closing Brooklyn Center offices; 28 to lose jobs June 30». Star Tribune. Վերցված է 20 November 2014-ին.
  14. ↑ Tara Lachapelle; Brooke Sutherland; Matthew Monks (21 June 2013). «MoneyGram Seen Cashing In at Decade-High Price: Real M&A». Bloomberg. Վերցված է 20 November 2014-ին.
  15. ↑ 15,0 15,1 Chris Serres (31 March 2009). «MoneyGram paid ex-CEO $13.1 million». Star Tribune. Վերցված է 20 November 2014-ին.
  16. ↑ Shashana Pearson-Hormillosa (30 November 2012). «MoneyGram CEO Pamela Patsley works to build new company legacy». Dallas Business Journal. Վերցված է 20 November 2014-ին.
  17. ↑ 17,0 17,1 Karen Nielsen (November 2011). «MoneyGram's Turnaround Artist». D Magazine. Վերցված է 20 November 2014-ին.
  18. ↑ 18,0 18,1 18,2 Carew, Rick; Demos, Telis (January 26, 2017), China's Ant Financial, Owned by Trump Ally Jack Ma, Makes U.S. Play, Wall Street Journal, Վերցված է January 27, 2017-ին
  19. ↑ «MoneyGram is closing its 376-person Brooklyn Center operation - MoneyGram». www.companyowl.com.
  20. ↑ «Cash transfer firm MoneyGram to create 500 jobs at new Warsaw unit » Poland Today». Արխիվացված է օրիգինալից 2016-03-06-ին. Վերցված է 2016-03-01-ին.
  21. ↑ Marc Mcilhone (18 February 2015). «MoneyGram Reaches 25,000 Locations Across Africa». African Brains. Վերցված է 7 April 2015-ին.
  22. ↑ Masahudu Ankiilu Kunateh (19 February 2015). «Africa: Moneygram Reaches 25,000 Locations in Africa». All Africa. Վերցված է 7 April 2015-ին.
  23. ↑ Roumeliotis, Greg (2018-01-02). «U.S. shoots down MoneyGram's sale to China's Ant Financial». Reuters. Reuters.
  24. ↑ «Digital Financial Services partners with MoneyGram to offer eWallet services in the UAE». CommsMEA. 5 July 2020. Վերցված է 28 July 2020-ին.
  25. ↑ «MoneyGram to Be Bought by Madison Dearborn for $1 Billion». Bloomberg. 15 February 2022.
  26. ↑ Tara Lachapelle; Brooke Sutherland; Matthew Monks (21 June 2013). «MoneyGram Seen Cashing In at Decade-High Price: Real M&A». Bloomberg. Վերցված է 11 December 2014-ին.
  27. ↑ «MoneyGram claims bank status in tax dispute with U.S. IRS». Reuters. 27 May 2014. Վերցված է 11 December 2014-ին.
  28. ↑ Jennifer Bjorhus (12 May 2014). «MoneyGram closing Brooklyn Center offices; 28 to lose jobs June 30». Star Tribune. Վերցված է 11 December 2014-ին.
  29. ↑ Browne, Ryan (2021-05-12). «MoneyGram to let cryptocurrency holders cash in their investments». CNBC (անգլերեն). Վերցված է 2021-10-24-ին.
  30. ↑ Nunez, Adriana. «MoneyGram is re-entering the crypto scene with a Coinme partnership». Business Insider (ամերիկյան անգլերեն). Վերցված է 2021-10-24-ին.
  31. ↑ «Moneygram International Inc. Admits Anti-Money Laundering and Wire Fraud Violations, Forfeits $100 Million in Deferred Prosecution». justice.gov. November 9, 2012. Վերցված է March 21, 2013-ին.
  32. ↑ 32,0 32,1 Shashana Pearson-Hormillosa (30 November 2014). «MoneyGram CEO Pamela Patsley works to build new company legacy». Dallas Business Journal. Վերցված է 11 December 2014-ին.
  33. ↑ 33,0 33,1 "Federal judge OKs MoneyGram fraud deal, $100M fund." ap.org. November 28, 2012. Retrieved on March 21, 2013.
  34. ↑ Ted Oberg (11 February 2015). «Ted Oberg gets a 'too good to be true' phone call». ABC13 News. Վերցված է 7 April 2015-ին.
  35. ↑ «MoneyGram to pay $13 million to end money transfer probe». Reuters. February 11, 2016 – via www.reuters.com.
  36. ↑ Stempel, Jonathan; Johnson, Katanga (2022-04-21). «MoneyGram sued by U.S., New York for unfair remittance transfers». Reuters (անգլերեն). Վերցված է 2022-04-22-ին.
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