United States Postal Service Announces Money Transfer Service

May 06, 1997, 01:00 ET from United States Postal Service

LOS ANGELES, May 6, 1997 /PRNewswire/ --

What: The Postal Service announces a new electronic money transfer service to Mexico. Called Dinero Seguro which means "sure money," it is the Postal Service's response to the Hispanic community's need for a safe and fast way to send money to Mexico.

When: Thursday, May 8, 11 a.m.

Where: Plaza Olvera, next to Olvera Street, downtown Los Angeles

Who: Dr. Tirso del Junco, Chairman of the Board, U.S. Postal Service
Ricardo Guajardo, Chief Executive Officer, Bancomer
Allen Kane, Chief Marketing Officer, U.S. Postal Service

Video/Audio: A customer will electronically send money to Mexico from a temporary postal station, set up at Plaza Olvera.

Background: The Postal Service offers Dinero Seguro through a partnership with Bancomer, the largest retail bank in Mexico. Customers in the United States can go to a southern California post office and send money to family and friends in Mexico. The recipient can pick up the cash, in minutes, at any of Bancomer's 1200 branch locations throughout Mexico.

SOURCE United States Postal Service