DALLAS (7/14/14)--MoneyGram, a global money transfer and payment services company, announced a five-year renewal of its agreement with $2.6 billion-asset Members 1st FCU, Mechanicsburg, Pa., to provide check services through its PrimeLink Official Check outsourcing program.
MoneyGram is a CUNA Strategic Services alliance provider.
"MoneyGram has been a strong ally assisting us in mitigating fraud losses," said Stephen Murray, Members 1st FCU executive vice president. "Beyond fraud prevention, we've also found MoneyGram's effective and reliable web-based platform, customer care and reliability to be critical to the success of our continued relationship."
MoneyGram has supported Members 1st FCU with its PrimeLink Official Check service since 2004. The company also helps prevent fraud losses by identifying fraudulent checks and provides support to credit union personnel who use the program.
The program offers financial institutions a cost-efficient way to manage clients' checks, including daily balancing and reconciliation, inventory management and real-time updates through an online platform.
MoneyGram provides check processing programs to more than 1,000 financial institutions nationwide.