MoneyGram Wins Double Gold at 2016 PYMNTS Innovator Awards

DALLAS, March 18, 2016 /PRNewswire/ -- MoneyGram (NASDAQ: MGI) has won two prestigious gold awards recognizing the company's commitment to innovation at the 2016 PYMNTS Innovator Awards ceremony. The company won "Best Cash Innovation" for revolutionary kiosk solutions and also "Best Comeback Story" for's new state-of-the-art online platform.

The ceremony was held March 17 at Harvard University. The PYMNTS Innovator Awards are viewed as one of the most prestigious recognitions in the payments industry.

"We are proud and thrilled to be recognized for what our team has accomplished with and our innovative kiosk solutions," said Alex Hoffmann, MoneyGram's executive vice president of Global Product and Development. "These avenues are just a few of the many innovative technology services that make MoneyGram a leader in the financial services industry and in delivering an exceptional customer experience."

MoneyGram's kiosks create a customer-first solution to provide a quick, intuitive and secure experience for consumers to stage their transactions. Key features include guest and repeat user experience, multiple languages, and minimal data entry for the customer. MoneyGram's kiosks can be found inside more than 2,200 CVS locations in the U.S. as well as inside stores and post offices in Europe., which was redesigned based on direct customer feedback and relaunched in 2015, allows the company to rapidly update and introduce new features, includes guest sending and transfer tracking, and offers quick-click re-sends for frequent users as well as real-time ACH transfers as a funding option.

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