Fsmc, Inc.

Description

Financial Services Management Corp. (FSMC) is a leading provider of disbursement processing (e.g., checks, ACH) services to corporations, fulfillment companies and government agencies. The company was one of the first to specialize in high-volume check processing and has grown to be one of the leading processors of promotional payments in the country. The company works with hundreds of corporate clients and government agencies to provide check processing and electronic payment services that include promotional payments (e.g., rebates, refunds, gift certificates and Women, Infant and Children "WIC" Program payments) to corporate controlled disbursements and payable-through-draft applications. Recently, FSMC developed a strategic Canadian banking relationship for customers with check clearing needs in Canada. Founded in 1983, FSMC is a subsidiary of MoneyGram International, Inc. (NYSE: MGI). The company is based in Minneapolis.

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