Alto Global Processing: Fiserv to Expand Popmoney P2P Payments Capabilities with MoneyGram

DALLAS–(BUSINESS WIRE)–MoneyGram International (NYSE: MGI), a leading global money transfer company, and Fiserv, Inc., a leading global provider of financial services technology solutions, announced today an agreement to add MoneyGram’s money transfer services to the menu of money movement options available to financial institutions and consumers through the Popmoney® from Fiserv person-to-person payments product.

“Working with MoneyGram will allow Fiserv to enhance the Popmoney service with cross-border and cash payment options, and expand consumer choices for managing their money.”

Upon integration, the 1,400 financial institutions that currently are part of the Popmoney network will have the opportunity to offer customers the ability to send money through MoneyGram’s vast global network, which spans more than 267,000 locations in 192 countries and territories. Consumers receiving money via Popmoney will also have the option to receive cash payments in person at any MoneyGram agent location.

“This relationship provides MoneyGram with access to a wide number of financial institutions that have existing relationships with Fiserv, expanding our reach in an easily scalable way,” said Tim Summers, MoneyGram global head of strategic partnerships.

“With Popmoney, financial institutions can provide their customers with a faster, easier and more secure way to send and receive money from their bank or credit union accounts,” said Neil Platt, senior vice president and general manager of payments, CashEdge Division, Fiserv. “Working with MoneyGram will allow Fiserv to enhance the Popmoney service with cross-border and cash payment options, and expand consumer choices for managing their money.”

Popmoney provides an easy and convenient consumer experience, enabling bank and credit union customers to request, send and receive electronic payments using their existing bank account. Consumers only need the recipient’s email address, mobile phone number or bank account information to send money. For more details on the service, visit www.popmoney.com.

About MoneyGram International

MoneyGram International, a leading global money transfer company, enables consumers who are not fully served by traditional financial institutions to meet their financial needs. MoneyGram offers money transfer services worldwide and bill payment services in the United States and Canada through a global network of more than 256,000 agent locations—including retailers, international post offices and financial institutions—in 192 countries and territories around the world. To learn more about money transfer or bill payment at an agent location or online, please visit www.MoneyGram.com or connect with them on Facebook.

About Fiserv

Fiserv, Inc. (NASDAQ: FISV) is a leading global technology provider serving the financial services industry. Fiserv is driving innovation in payments, processing services, risk and compliance, customer and channel management, and business insights and optimization. For six of the past eight years, Fiserv ranked No. 1 on the FinTech 100, an annual international listing of the top technology providers to the financial services industry. For more information, visit www.fiserv.com.

For more information on this please feel free to contact Luca Bizzotto, CEO of Alto Global Processing

Please visit Alto Global Processing

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