MGI News & Events

CompoSecure (CMPO) announced the integration of its Arculus Cold Storage Wallet with MoneyGram Access (MGI), which enables users to add and withdraw USDC in cash at participating MoneyGram locations. Arculus is the first hardware wallet to integrate with MoneyGram Access, enabling consumers to seamlessly convert physical cash into Circle USD Coin on the Stellar blockchain and securely manage their digital dollars in the self-custody Arculus Cold Storage Wallet. Additionally, Arculus announced a grant from the Stellar Development Foundation to enable payments over traditional payment card rails directly from self-custody crypto wallets via smart contracts.

MoneyGram (MGI) and Mastercard (MA) have joined forces to advance digital money movement both domestically and across borders. MoneyGram is implementing Mastercard Move, Mastercard's portfolio of money transfer solutions, providing its customers with enhanced access to fast, secure and near real-time payments. Through Mastercard Move, MoneyGram customers can use any U.S.-issued Mastercard card to send funds cross-border to 38 eligible receiving markets and counting. Mastercard Move also supports the ability for MoneyGram customers to receive money through nearly 10B endpoints worldwide. Additional cross-border payment capabilities for MoneyGram customers are expected throughout 2025.

MoneyGram provided an update on its recent cybersecurity issue that affected certain of the company's systems. While the company continues to investigate the issue with the assistance of external cybersecurity experts and has been coordinating with law enforcement, MoneyGram's systems are back online and the company has resumed normal business operations. On September 27, MoneyGram determined that, in connection with this issue, an unauthorized third party accessed and acquired personal information of certain consumers between September 20 and 22, 2024. MoneyGram's investigation is in its early stages and the Company is working diligently to determine which consumers were affected by this issue. The types of impacted information varied by affected consumer and included names, contact information, dates of birth, national identification numbers, a limited number of Social Security numbers, copies of government-issued identification documents, other identification documents, bank account numbers, MoneyGram Plus Rewards numbers, transaction information and, for a limited number of consumers, criminal investigation information.