23 August 2017
Visit http://response.ncr.com

Concord offers MoneyGram transfers at Star ATMs

18 March 2002  |  2800 views  |  0 Concord offers MoneyGram transfers at Star ATMs

Concord EFS has teamed up with Travelers Express/MoneyGram to offer a person-to-person money transfer service via the Star ATM network.

The new service will enable Star cardholders to initiate `send' transactions at participating ATMs. Recipients will be able to collect the funds via a special Star MoneyGram card at any of the approximately 209,000 Star ATMs nationwide.

The ATM-to-ATM service is expected to pilot and begin rollout in the autumn of 2002. The `send' service will be initially available through ATMs that are processed by Concord and eventually opened out to all participating Star ATMs on an optional basis.

Edward Labry, Concord president, comments: "The Star MoneyGram money transfer service will be the first person-to-person payment alternative that allows every network member to participate in both the send and receive side of the transaction, creating many new opportunities for revenue."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Concord extends HNC card fraud detection contract

Concord extends HNC card fraud detection contract

11 March 2002  |  3373 views  |  0 comments
Bank of America follows the Star

Bank of America follows the Star

11 March 2002  |  2706 views  |  0 comments
Concord purchases Core Data ATM processing business

Concord purchases Core Data ATM processing business

05 March 2002  |  3047 views  |  0 comments
US study identifies shifting strategies for ATM deployers

US study identifies shifting strategies for ATM deployers

05 March 2002  |  3444 views  |  0 comments
NCR wins Travelex ATM contract

NCR wins Travelex ATM contract

27 February 2002  |  3246 views  |  0 comments
E*Trade to offer mobile phone top-ups from ATMs

E*Trade to offer mobile phone top-ups from ATMs

01 February 2002  |  4979 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.abe-eba.euvisit www.worldpaymentsreport.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
12906 views comments | 27 tweets | 23 linkedin
Rabobank constructs physical model to understand IT architectureRabobank constructs physical model to unde...
12678 views comments | 27 tweets | 66 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
11566 views comments | 22 tweets | 34 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
10749 views comments | 21 tweets | 35 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
10674 views comments | 10 tweets | 8 linkedin