Acquisitions, new technology and the expansion into Internet-based services are fueling growth at MoneyGram. We are a high-performance payment services company that efficiently and economically moves money around the world or close to home.
Our 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 MoneyGram® money orders, MoneyGram® money transfers, ExpressPayment® 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. FSMC is a subsidiary of MoneyGram. FSMC processes a variety of payment transactions including rebates, refund checks, controlled disbursements, gift certificates and WIC payments.