MoneyGram has selected Plaid as its pay-by-bank provider in the United States, integrating Plaid’s account authentication technology into the MoneyGram Online platform to streamline domestic and international transfers for its U.S. customer base.
Through this collaboration, users can now securely link their bank accounts to fund transactions more quickly and with added protection. The integration leverages Plaid’s network of thousands of U.S. financial institutions, enhancing MoneyGram’s online service while supporting plans for future international expansion.
“MoneyGram network moves money for over 50 million customers each year”
Anthony Soohoo, Chief Executive Officer of MoneyGram, commented, “The MoneyGram network moves money for over 50 million customers each year, across nearly every country in the world. This partnership with Plaid expands our global capabilities to deliver faster, more secure payments for our customers. It’s a clear step forward in our mission to make cross-border payments seamless, affordable and secure for everyone.”
As digital banking adoption grows, demand for streamlined financial connectivity continues to increase. More than 75% of U.S. consumers consider account linking essential, while over 85% of fintech users say they prefer pay-by-bank options due to their ease and security.
Brian Dammeir, Head of Payments and Financial Management at Plaid, said, “Plaid provides the most widely used and trusted network across digital financial services, covering thousands of financial institutions across the United States, Canada, Europe and the United Kingdom. Now, MoneyGram can leverage the power of the Plaid network to quickly and securely drive conversion, reduce bank returns and proactively prevent fraud.”
MoneyGram’s cross-border network includes approximately 450,000 retail locations and digital reach across five billion endpoints in more than 200 countries and territories. The partnership with Plaid bolsters the company’s focus on digital innovation and reinforces its compliance and anti-fraud infrastructure.
MoneyGram Appointed Luke Tuttle as CTO
MoneyGram recently appointed Luke Tuttle as chief technology officer, in charge of product development, engineering, platform operations, and security. He will also oversee the company’s work on blockchain and report directly to Anthony Soohoo, Chairman and CEO.
Tuttle brings more than two decades of experience in fintech, adtech, and commerce. He has held senior leadership roles at Klarna, Experian, and eBay, focusing on engineering, architecture, and scaling technology operations.
MoneyGram Online serves millions of consumers worldwide, offering the ability to send money, both domestically and internationally, through its payment networks with over 5 billion digital endpoints and 440,000 retail locations. The fintech platform also enables users to pay bills online or buy, sell, and hold cryptocurrencies.
MoneyGram appointed Josh Gordon-Blake as Chief Digital Officer
Last year, MoneyGram announced the appointment of Josh Gordon-Blake as Chief Digital Officer to amplify momentum, spearheading digital strategy with a focus on the growth and global expansion of MoneyGram Online (MGO).
Josh Gordon-Blake will serve on the Executive Leadership Team and will lead all current and future facets of the MGO platform, including core remittance services, cryptocurrency integration, and upcoming product launches and innovations. Gordon-Blake will oversee initiatives to accelerate customer acquisition, elevate customer experience, and build long-term loyalty.
Gordon-Blake joins MoneyGram after co-founding Pangea, a London-based fintech company providing cross-border payment solutions, particularly for businesses in emerging markets, catering to the needs of firms that operate across different countries and currencies. Under his leadership, Pangea achieved significant growth, culminating in its successful acquisition by Enova International in 2021.
Beyond his operational expertise, Josh is active in the venture capital community, serving as an angel investor and founding Limited Partner at Rally Cap Ventures, an early-stage fund focused on fintech investments in emerging markets.
Gary W. Ferrera joined MoneyGram as Chief Financial Officer
Also last year, MoneyGram appointed Gary W. Ferrera as Chief Financial Officer to lead all aspects of finance, accounting, tax, and treasury, reporting directly to Alex Holmes, MoneyGram Chairman and CEO.
Gary W. Ferrera’s extensive international financial expertise includes nearly two decades as a CFO, primarily with publicly traded companies. He most recently served as CFO of Driven Brands, the largest automotive services company in North America. Prior to that role, he served as CFO of both Skillsoft and Cardtronics. Ferrera succeeds Larry Angelilli, who recently announced his retirement.
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