MoneyGram Signs Agreement with DeviceFidelity to Serve as Exclusive Money Transfer Provider for the
MoneyGram Signs Agreement with DeviceFidelity to Serve as Exclusive Money Transfer Provider for the moneto™ Mobile Financial Service
MoneyGram selected to provide mobile-enabled money transfers for moneto users
DALLAS--(BUSINESS WIRE)-- MoneyGram (NAS: MGI) , a leading global money transfer company, today announced a new agreement with the mobile platform company DeviceFidelity to become the exclusive money transfer provider for DeviceFidelity's award-winning moneto™ mobile financial service offering. The new service is available to moneto users immediately on iPhone and Android platforms.
The agreement brings together a leading provider of mobile plug and play solutions and the world's second largest global money transfer company to give moneto users a fast, convenient, and secure way to send money using a mobile device to any of MoneyGram's more than 321,000 locations in 198 countries.
"MoneyGram gives customers the ability to send money how they want, when they want, and where they want, whether through any of our convenient agent locations, or through emerging payment channels like moneto, which puts the control directly in the hand of the consumer through their mobile device," said Tim Summers, head of emerging channels at MoneyGram. "This agreement with DeviceFidelity demonstrates MoneyGram's continued focus on innovation, working with forward-thinking companies to deliver even greater convenience and value to customers around the world."
"The addition of the MoneyGram global service to the moneto app brings even more value to our mobile financial service customers," said Youri Bebic, General Manager of Services at DeviceFidelity. "We are constantly expanding our mobile apps to bring our users easy access to mobile financial services they need. This new worldwide mobile money transfer feature now integrated into our apps with real-time balance updates, person-to-person transfers, transaction history and our popular instant cash back rewards program further enhances the competitive leadership of the moneto mobile financial service offering."
To use the new service, consumers simply sign up for a moneto account by downloading the free moneto mobile app from the iPhone App Store or Android's Google Play. Once registered, users receive a moneto prepaid MasterCard card in the mail, and then have access to the moneto app's award-winning features. An upgrade to enable mobile payments at retail stores using your favorite phone is also available through DeviceFidelity's pluggable NFC solutions.
Once a moneto account is active, sending a money transfer through MoneyGram is quick and easy, by simply clicking "send money" on the account home screen. The app guides the user through the process, and once complete a secure money transfer is typically available anywhere in the world in as few as 10 minutes.
"Money transfers play an important role in providing for basic living expenses for individuals around the world," said Summers. "By providing different options for consumers to send money transfers, MoneyGram is making it even more convenient to ensure family and friends can remain close and deliver financial support, wherever they are."
DeviceFidelity, Inc. develops plug-and-play technologies that empower a variety of institutions to deploy their NFC and mobile security services and applications on millions of mobile phones worldwide. Its patented CredenSE microSD and iCaisse for iPhone solutions transform popular mobile phones into an interactive and secure transaction device. Committed to bringing innovation to the mobile phone, the company launched moneto, the world's first NFC based multi-platform mobile wallet in the US. DeviceFidelity is a private corporation with headquarters in Richardson (Texas) and offices in San Mateo (California), and Aix-En-Provence (France). For more information visit devicefidelity.com, follow us on Twitter @devicefidelity and at facebook.com/DeviceFidelity.
moneto is a convenient and feature-rich mobile financial services offering built around a prepaid MasterCard that is redefining the way we bank, with online management tools to help you stay on top of it all and a complete mobile app that gives you simple one touch access to your account and all its amazing features. Use moneto where debit MasterCard is accepted worldwide. moneto is based on plug and play NFC technology developed by moneto parent, DeviceFidelity, Inc. and is available in the US and UK. For more information on moneto in the US visit moneto.com and for the UK visit moneto.co.uk, follow us on Twitter @moneto_me or at facebook.com/monetome.
About MoneyGram International
MoneyGram International, 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 321,000 agent locations - including retailers, international post offices and financial institutions - in 198 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, Twitter, YouTube and LinkedIn.
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