MoneyGram International Reports Second Quarter 2020 Results

frank lamjus

DALLAS, July 30, 2020 /PRNewswire/ — MoneyGram International, Inc. (NASDAQ: MGI) today reported financial results for its second quarter ending June 30, 2020.

Second Quarter 2020 Business Highlights 

“We had a very strong quarter and materially outperformed on both the top and bottom-line, despite the continued global uncertainty from the COVID-19 pandemic,” said Alex Holmes, MoneyGram Chairman and CEO. “In June we returned to year-over-year revenue growth on strong money transfer transaction growth of 10%. This return to growth was driven by the rapid expansion of our digital business as well as the continued improvement of our walk-in business. Additionally, the resurgence of growth from the money transfer business, along with agile management of the business throughout the crisis enabled us to deliver year-over-year Operating Income and Adjusted EBITDA growth for the quarter.”

Holmes added: “We’re excited about the underlying momentum in our business driven by our

Read More

This $30 Personal Finance Course Can Help You Grow Your Wealth

frank lamjus

If you want to start managing and growing your wealth more wisely, this is a great place to start.

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!


2 min read

Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.


One of the core responsibilities of starting a business is separating your business and personal finances. That’s especially true for solopreneurs who launch an LLC to try to reduce their tax burden. All that money may be yours, but it’s important to draw clear distinctions so the IRS doesn’t come after a larger share. As such, many entrepreneurs would benefit from personal finance and investment advice, seeing as their business incomes don’t always go

Read More

Growing your business in a virtual world

frank lamjus

The world changed overnight and advisers rose to the challenge, adapting to a virtual reality with impressive speed and flexibility. Now, more than four months into the pandemic, it’s time for them to get serious about growth. Despite their herculean efforts to keep current clients satisfied, many advisers are ignoring the bigger opportunity: Winning new clients.

OLD TECHNIQUES FALL FLAT IN A VIRTUAL WORLD

The advisory game has changed, and old growth tactics won’t produce the same results anymore. At a time when advisers’ tried-and-true in-person networking events are off-limits, what does it take to attract the attention of new clients?

Growing an advisory business in this virtual world will come down to four key factors:

Adopt a growth mindset. Advisers tell their clients every day not to act emotionally with their money or make investment decisions out of fear. Yet financial planners are not immune to the same tendencies

Read More

Palomar Holdings, Inc. Confirms AM Best Assigns Credit Ratings to Palomar Excess and Surplus Insurance Company

frank lamjus

Press release content. The AP news staff was not involved in its creation.

LA JOLLA, Calif., July 28, 2020 (GLOBE NEWSWIRE) — Palomar Holdings, Inc. (NASDAQ: PLMR) (the “Company”) today confirmed that AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” to Palomar Excess and Surplus Insurance Company (PESIC) (Arizona). The outlook assigned to these Credit Ratings (ratings) is stable.

Mac Armstrong, Palomar’s Chairman and Chief Executive Officer commented, “The receipt of an A- Financial Strength Rating from A.M. Best allows PESIC to go to market with a strong balance sheet and a well-vetted strategic plan. The pooled resources of Palomar Specialty Insurance Company and PESIC now provide our distribution partners with innovative specialty property insurance products from well-capitalized admitted and E&S insurance vehicles. PESIC’s third quarter launch will further enable Palomar to respond even more

Read More

Five Ways You Could Be Devaluing Your Personal Brand On Social Media

frank lamjus

Jon Michail is Founder & Group CEO of Image Group International & best-selling author of Life Branding. Follow him on LinkedIn & Twitter.

Everyone today from Bill Gates and Elon Musk to Oprah Winfrey and Bill from Timbuktu has a personal brand, though many people may not realize it. I’ve noticed that only the people who know what their personal brand is and what it is doing for their professional and personal reputation gain the many benefits from their personal brand positioning.

It’s critical that you have an authentic and strong online presence. Your presence on various social media channels is as important as your offline presence — maybe even more so. Building an influential, impactful and strong personal brand on the appropriate social media channels can go a long way in helping you secure that dream job and promotion or becoming an entrepreneur and leader who people trust

Read More

Google is about to show us just how much damage the pandemic has done

frank lamjus

  • Google is set to report its second-quarter earnings on Thursday. It’s the company’s first quarter to take place entirely within the pandemic.
  • Analysts are expecting a revenue decline, but there could be signs of recovery for Google’s advertising business.
  • All eyes will be on YouTube and Cloud as possible bright spots. Analysts are also interested to see if Google mentions plans for its costly moonshot projects.
  • Visit Business Insider’s homepage for more stories.

It’s a busy week for Alphabet CEO Sundar Pichai.

He is testifying before Congress as part of Wednesday’s antitrust hearing, and on Thursday he’ll announce the company’s second-quarter earnings — and reveal just how much damage the pandemic has done to Google’s business.

Google managed to sail through the first quarter for the most part with ease, but its revenue took a big blow in the final few weeks of March, offering a preview of what might

Read More

Trawick International Is Pleased To Announce Our Partnership With Travel Insurance Aggregator, TravelInsurance.com

frank lamjus

Press release content from PR Newswire. The AP news staff was not involved in its creation.

FAIRHOPE, Ala., July 28, 2020 /PRNewswire/ — Trawick International, a provider of travel medical insurance, trip cancellation insurance, international student insurance, group travel insurance, and many other products designed specifically for those traveling, is honored to announce our partnership with popular travel insurance aggregator, TravelInsurance.com.

TravelInsurance.com is a leading-edge technology company that provides an easy-to-use online travel insurance comparison tool. Their website helps travelers find the right insurance policy to meet their financial and/or medical travel risk needs, without exceeding their budget. Customers can check the cost and coverage levels of several policies from major insurance companies in only a few minutes to find out which insurance company offers the best possible protection, and then buy online in a seamless transaction with a lowest price guarantee.

“We are excited to

Read More

Tokyo, Sydney move to lure Hong Kong financial firms, but Singapore is top draw, Banking News & Top Stories

frank lamjus

HONG KONG (REUTERS) – Japan, Australia and some other nations are readying incentives to attract banks and asset managers in Hong Kong that are worried about the new security law imposed by China, but finance sector experts said even if they move, it will be to Singapore.

High taxes and costs, bloated bureaucracies and cultural differences in some of these Asia-Pacific nations present formidable challenges for the Hong Kong financial institutions to relocate even partially, while Singapore’s similarities to Hong Kong give it an advantage, they said, though the South-east Asian city-state has not actively been seeking such business.

Beijing imposed a tough national security law from July 1 on Hong Kong, regional home to many global financial groups, prompting companies to reassess their operations there.

Hong Kong’s financial regulators said last week they had been approached by institutions concerned about the law, but they said it would not affect

Read More

Digital Financial Services partners with MoneyGram to offer eWallet services in the UAE | News

frank lamjus

Digital Financial Services LLC has partnered with MoneyGram to offer international remittance services in the UAE.

Digital Financial Services LLC is a joint venture between Etisalat and Noor Bank and was acquired earlier this year by Dubai Islamic Bank.

With this partnership, eWallet customers can make international money transfers in real-time to friends and family in over 200 countries and territories worldwide through an expansive network of mobile wallet operators, bank account deposit services, and over 350,000 walk-in locations.

“eWallet continues to be an innovative solution that uplifts the way UAE residents conduct financial transactions today. Our partnership with MoneyGram will further enrich our consumers with the state-of-the-art customer service experience which MoneyGram is renowned for and will boost our future expansion plans,” said Ahmed Al Awadi, chairman of Digital Payment Services.

Regulated and licensed by the Central Bank of the UAE, eWallet is a revolutionary digital payment service aimed

Read More

Your Personal Trainer: Working out when sick

frank lamjus

Q. I get frequent sinus infections and head colds. I feel like it’s OK to continue my workouts but my wife says I should be resting. Who’s right?
Rob W.

Oh boy, I don’t want to get in the middle of a marital “discussion” (not even my own)! Fortunately, you’re both right – depending on what ails you. First, please understand I’m not a doctor (though my mother would be so proud), so do not take any of my examples as medical advice. You should always consult with a medical professional whenever possible, especially if you have underlying conditions.

For your stated situation — head colds and sinus issues — you can usually ontinue to exercise, though you may wish to consider a slightly less vigorous workout depending on what you like to do.

The general rule of thumb in exercise circles is that if you’re sick from the

Read More