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CASH ON DELIVERY TO MEXICO; POSTAL SERVICE OFFERS TRANSFERS.


Byline: Enrique Enrique (IPA [en'ɾike]) is the Spanish form of the name Henry. As a given name, it ranked 298 out of 1219 for males of all ages in the 1990 U.S. Census.  Rivero Daily News Staff Writer

Leticia Peregrina frequently sends money to her relatives in Mexico.

But even though the international money orders she sent always made it to Mexico, her family frequently had problems cashing them. That's because some banks refused to accept the money orders and would only take cashier's checks cashier's check n. a check issued by a bank on its own account for the amount paid to the bank by the purchaser with a named payee, and stating the name of the party purchasing the check (the remitter). , which are more expensive than the money orders.

Her family has been ``complaining about the money orders and they're not cashing them,'' said Peregrina, a school bus driver who lives in Arleta. ``They say it's difficult to cash those money orders.''

But in June, Peregrina discovered a new way of sending money. Using the U.S. Postal Service's Dinero Seguro service, she makes electronic transfers directly to a bank near her family's home. Then she can call her family for free to tell them the money is on its way, and the bank in Mexico is happy to cash Peregrina's check for her family.

It costs her about $25 more than sending the money orders via express mail, but the extra cost is worth it because Dinero Seguro is trouble-free for her family, she said.

``It's something good,'' she said. ``I'm very happy for that.''

All of which makes Peregrina and others with loved ones loved ones nplseres mpl queridos

loved ones nplproches mpl et amis chers

loved ones love npl
 in Mexico very happy, but the traditional money transfer companies very uneasy.

``People want things quick and they want it sure and that's what this product is,'' said David Mazer, a Postal Service postal service, arrangements made by a government for the transmission of letters, packages, and periodicals, and for related services. Early courier systems for government use were organized in the Persian Empire under Cyrus, in the Roman Empire, and in medieval  spokesman.

Peregrina walks into the Pacoima post office near her home about once a month to send money to her relatives. For a fee, her money is transferred within minutes to one of 1,300 Bancomer branches in Mexico. And using the three-minute phone card included in the price, she calls her family to notify them the money is in.

``The Bancomer branch is not far away from them and it's very nice. They can stop at the bank and ask for the money, I call my family and let them know the confirmation number and the money is there,'' she said. ``It's very easy for them.''

With Dinero Seguro, which is Spanish Spanish, river, c.150 mi (240 km) long, issuing from Spanish Lake, S Ont., Canada, NW of Sudbury, and flowing generally S through Biskotasi and Agnew lakes to Lake Huron opposite Manitoulin island. There are several hydroelectric stations on the river.  for ``secure money,'' the Postal Service is expected to become a direct competitor to the big three in the money transfer market: Western Union and Orlandi Valuta, both owned by First Data Corp., and MoneyGram.

Dinero Seguro could very well give the others a run for their money, conceded con·cede  
v. con·ced·ed, con·ced·ing, con·cedes

v.tr.
1. To acknowledge, often reluctantly, as being true, just, or proper; admit. See Synonyms at acknowledge.

2.
 Armando Martin, vice president of Mexico money transfer for Western Union and Orlandi Valuta.

Still, Martin's company has a solid hold in the market - Western Union and Orlandi, for example, have 4,000 distribution points in Mexico that include banks, appliance A stand-alone hardware device or software environment dedicated to a specific task. See hardware appliance and software appliance.  stores and even bus stations, Martin said.

The Postal Service started limited testing of Dinero Seguro a year ago in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W).  and Texas and then widened the program in May to more than 300 locations. There are about 200 post offices in the Los Angeles Basin The Los Angeles Basin is the coastal sediment-filled plain located between the peninsular and transverse ranges in southern California in the United States containing the central part of the city of Los Angeles as well as its southern and southeastern suburbs (both in Los Angeles , Mazer said, including many in the east San Fernando Valley San Fernando Valley

Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills.
.

Over time the service will be offered at other branches, he said.

This isn't the Postal Service's first foray into Verb 1. foray into - enter someone else's territory and take spoils; "The pirates raided the coastal villages regularly"
raid

encroach upon, intrude on, obtrude upon, invade - to intrude upon, infringe, encroach on, violate; "This new colleague invades my
 overseas money transfers. For several decades it has sold international money orders which can be sent via regular or express mail. But checks sent this way can take two days to a week to reach their destination, and there's a small possibility they could get lost in the mail.

``If time is not of the essence, then you can use our normal process,'' Mazer said. ``But (Dinero Seguro) seems a little more secure.''

CAPTION(S):

Photo, Chart

Photo: (Color) Leticia Peregrina of Arleta holds a photo of her brother and his family in Mexico. She wires them money through the Postal Service.

David Sprague/Daily News

Chart: (Color) PRICE COMPARISON

Need to send money to Mexico? Here's a price comparison between the U.S. Postal Service's Dinero Seguro and Western Union, one of the leading money wire services.

Daily News
COPYRIGHT 1997 Daily News
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1997, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:BUSINESS
Publication:Daily News (Los Angeles, CA)
Article Type:Statistical Data Included
Date:Oct 8, 1997
Words:661
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