Alternative Finances

MoneyGram Inks Payments Deal with Grocery Chain‏

West Coast grocery store chain Haggen has sent itself a MoneyGram.

It was announced yesterday (April 9) that the money transfer and payment services company MoneyGram has entered into an agreement with Haggen, Inc. to offer money transfer, bill payment and money order services at the chain’s locations.

As the press release notes, Haggen is currently in the process of acquiring several grocery store locations throughout the Western United States; MoneyGram services are expected to be available at all of them.

“We are pleased to offer our full suite of financial services to consumers who shop at Haggen stores,” said Pete Ohser, MoneyGram’s executive vice president of business development. “Haggen is experiencing incredible growth with expansions across the West Coast. These new stores will offer our customers more choices when they need to send money to or pick up money from friends and loved ones.”

“As we introduce more shoppers to the Haggen experience throughout Washington, Oregon, California, Nevada and Arizona, we want to provide them with a full array of services to make their busy lives a little easier,” added John Clougher, Haggen CEO in the Pacific Northwest, according to the press release. “By working with MoneyGram, our shoppers can take advantage of their financial services while purchasing groceries in one convenient stop.”

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New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020 

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.

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