This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

MoneyGram Signs Agreement With Univision MasterCard Prepaid Card

Stocks in this article: MGI

MoneyGram (NYSE:MGI), a leading global money transfer company, has signed an agreement with Univision Enterprises, a division of Univision Communications Inc., the leading media company serving Hispanic America, to create a MoneyGram link on Univision’s MasterCard Prepaid Card “Tarjeta Prepagada“ page. Through this link, Univision’s Prepaid MasterCard account holders can easily and directly connect to MoneyGram to complete money transfers and expedite bill payments using their Univision Prepaid MasterCard.

This agreement leverages the resources of Univision with the world’s second-largest global money transfer company. The MoneyGram network currently has more than 310,000 locations in 197 countries.

“We’re always looking for ways to improve our program for card members,” said Scott Scovel, vice president and general manager of Univision Direct, at Univision Communications Inc. “Adding MoneyGram’s money transfers and expediated bill pay services give current and prospective users valuable and convenient services in one single location.”

The agreement with Univision continues the growth momentum MoneyGram has been experiencing in its emerging channel business.

“Our relationship with Univision is one more example of MoneyGram’s growth in emerging channels,” said Tim Summers, MoneyGram head of emerging channels and strategic partnerships. “We’ve been successful in establishing innovative relationships with companies that serve similar customer profiles and providing consumers with solutions that makes sending money easier.”

The company recently reported strong performance from its online, kiosk and mobile alliances, including online transaction growth of 58 percent with revenue growth of 23 percent, both of which accelerated greatly from the third quarter.

MoneyGram provides its online service to consumers through strategic relationships and agents in the U.S., UK and Germany who want to reach more consumers and enhance their online presence through MoneyGram’s suite of services.

About MoneyGram

MoneyGram, a leading money transfer company, enables consumers who are not fully served by traditional financial institutions to meet their financial needs. MoneyGram offers bill payment services in the United States and Canada and money transfer services worldwide through a global network of more than 310,000 agent locations – including retailers, international post offices and financial institutions – in 197 countries and territories. To learn more about money transfer or bill payment at an agent location or online, please visit moneygram.com or connect with us on Facebook.



1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,058.02 +83.71 0.49%
S&P 500 0.00 -2.75 -0.14%
NASDAQ 4,533.1340 -16.0920 -0.35%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs