Key Developments: MoneyGram International Inc (MGI.N)

MGI.N on New York Stock Exchange

10 May 2013
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Latest Key Developments (Source: Significant Developments)

MoneyGram signs new agreement with Haggen Inc
Thursday, 9 Apr 2015 09:00am EDT 

MoneyGram:Signed an agreement with Haggen, Inc., a West Coast grocery store chain, to offer money transfer, bill payment and money order services at all locations that the company is in the process of acquiring.  Full Article

MoneyGram International Inc gives FY 2015 guidance; EBITDA guidance below analysts' estimates
Thursday, 12 Feb 2015 04:05pm EST 

MoneyGram International Inc:Expects FY 2015 constant currency revenue to be about flat as a result of the impact of the white label competitive product introduced in the Q2 2014, and its new low U.S. to U.S. pricing launched in Q4 2014.Says constant currency adjusted EBITDA, is estimating a decline of about 8 to 12 percent for FY 2015, primarily due to the loss of margin attributable to its U.S-to-U.S. business.Reported revenue of $1.454 billion and EBITDA of $226.1 million in FY 2014.FY 2015 revenue of $1.411 billion and EBITDA of $260 million - Thomson Reuters I/B/E/S.  Full Article

MoneyGram extends relationship with SBI remit in Japan
Wednesday, 11 Feb 2015 07:00am EST 

MoneyGram International Inc:It has extended its relationship with SBI Remit Japan, one of MoneyGram's key agents in Asia.MoneyGram will continue to provide services both online and through walk-in locations for customers in Japan who want to send funds securely and quickly to friends and family around the world.  Full Article

MoneyGram International Inc gives Q4 2014 EBITDA outlook below analysts' estimates
Friday, 31 Oct 2014 07:07am EDT 

MoneyGram International Inc:Expects Q4 2014 EBITDA to be between $60 and $65 mln due to the anticipated impact from lower prices, the associated marketing expense and softness in certain geographies.Q4 2014 EBITDA of $75 mln - Thomson Reuters I/B/E/S.  Full Article

MoneyGram International Inc extends exclusive relationship with ACE Cash Express
Thursday, 16 Oct 2014 09:30am EDT 

MoneyGram International Inc:Has renewed longstanding contract with agents, ACE Cash Express, Inc., an Irving, Texas-based financial services company.Extended seven-year agreement builds on strong collaboration between two companies who have strategically worked together for 25 years.Working to provide access to alternative financial services for consumers throughout U.S.Says with this renewal, company has secured eight of its top ten agents through the Q1 of 2017 or beyond.  Full Article

MoneyGram acquires assets of Nexxo Financial Corporation
Tuesday, 9 Sep 2014 08:00am EDT 

MoneyGram International Inc:Has acquired assets of Nexxo Financial Corporation.MoneyGram will utilize Nexxo's technology to strengthen and expand its leading money transfer kiosk platform and also broaden its service offerings for banks and credit unions.  Full Article

MoneyGram International Inc acquires MTI Money Transfer Limited
Tuesday, 2 Sep 2014 08:30am EDT 

MoneyGram International Inc:Acquires nMTI Money Transfer Limited, a United Kingdom-based company offering MoneyGram services across Europe.  Full Article

MoneyGram International Inc reaffirms FY 2014 guidance
Friday, 1 Aug 2014 07:03am EDT 

MoneyGram International Inc:Continues to estimate FY 2014 constant currency revenue growth to be in range of 1 pct. to 3 pct. and estimates FY 2014 constant currency adjusted EBITDA growth to be in range of 0 pct. to 2 pct.Reported revenue of $1.474 bln and EBITDA of $295.50 mln in FY 2013.FY 2014 revenue of $1.506 bln and EBITDA of $294.86 mln - Thomson Reuters I/B/E/S.  Full Article

MoneyGram International and Canada Post sign multi-year extension to provide fast and convenient money transfer services in canada
Wednesday, 23 Jul 2014 09:15am EDT 

MoneyGram International Inc:Extends their agreement to provide MoneyGram services at Canada Post locations through 2020.Through this collaboration, MoneyGram will continue to offer fast and convenient money transfer services at more locations in Canada than any other provider.In addition to domestic and international money transfers, MoneyGram also offers bill payment services at Canada Post locations, providing consumers the ability to make payments for necessities such as phone services, home mortgages or automobiles.  Full Article

MoneyGram International Inc reaffirms FY 2017 revenue guidance - Conference Call
Tuesday, 20 May 2014 04:40pm EDT 

MoneyGram International Inc:Says it still want to get to $2 billion in revenue in FY 2017.  Full Article

U.S. sues former MoneyGram executive, seeks $1 million penalty

NEW YORK/ST. LOUIS - U.S. authorities sued MoneyGram International Inc's former chief compliance officer on Thursday, seeking a $1 million civil penalty and to hold him personally responsible for failing to stop fraudulent telemarketers from using the money-transfer firm's services.

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