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  September 5, 2001
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Home > Company Index > Financial Services > Miscellaneous Financial Services > MoneyGram Payment Systems, Inc.

MoneyGram Payment Systems, Inc.
 PROFILE
Money makes the world go round; MoneyGram Payment Systems makes the money go round the world. The company, a subsidiary of money-order firm Travelers Express (owned by Viad), and it has a network of more than 26,000 agents in more than 120 countries. Most repeat customers are people who do not have bank accounts or who are sending money to their home countries; others use the company for emergency money transfers. Customers also receive a free three-minute phone call to notify the recipient that the money has been sent. MoneyGram has settled a lawsuit charging it used unfavorable exchange rates for customers sending money to Mexico.

 COMPETITION
Ace Cash Express, Inc. (AACE)
First Data Corporation (FDC)
Grupo Elektra S.A. de C.V. (EKT)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1997 Sales (mil.): 140.90
1-Yr. Sales Growth: 2.3%
Employees: 720
Revenue per employee: $195,694.44

 KEY PEOPLE
• Philip W. Milne
    CEO
• Tony P. Ryan
    CFO

 CONTACT INFO
1550 Utica Ave. South
Minneapolis, MN 55406
US
Phone: 952-591-3000
Fax: -
Online: Web Site

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