Dallas, Texas (May 12, 2015) (GLOBE NEWSWIRE) -- MoneyGram (NASDAQ: MGI), a global provider of innovative money transfer and payment services, has renewed a long-standing agreement with Bremer Bank, a privately-owned financial institution, to provide official check services.
MoneyGram provides Bremer Bank with a cost-efficient way to manage official checks, including daily balancing and reconciliation, inventory management, exception handling and real-time updates through an advanced online platform.
"We are pleased with Bremer Bank's continued confidence in MoneyGram's official check outsourcing service," says Pete Ohser, MoneyGram's executive vice president, business development. "MoneyGram will continue to provide the bank with seamless official check services that our mutual customers rely on for their daily financial needs."
MoneyGram has provided official check outsourcing to financial institutions for decades and has supported Bremer Bank since 1995. MoneyGram is a leading funds transfer and payment services company that offers a complete official check outsourcing solution which enables companies to quickly maximize revenue and operational efficiencies.
"We are pleased to build upon our successful relationship with MoneyGram and to continue to leverage the company's expertise for our official check program," says Ron Hansen, Bremer Bank's vice president. "Working with MoneyGram has allowed us to reduce costs while maintaining the high level of service our customers have come to expect."
Bremer Bank has more than 98 locations across Minnesota, North Dakota and Wisconsin. The company offers a wide array of personal and business services, from checking and savings accounts to home mortgages, wealth management, payroll solutions, and online and mobile banking.
About MoneyGram International, Inc.
MoneyGram is a global provider of innovative money transfer services and is recognized worldwide as a financial connection to friends and family. Whether online, or through a mobile device, at a kiosk or in a local store, we connect consumers any way that is convenient for them. We also provide bill payment services, issue money orders and process official checks in select locations. More information about MoneyGram International, Inc. is available at moneygram.com.
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Source:MoneyGram International, Inc.