Rochester, NY 7/14/2009 10:12:13 PM
MGI - Agreement with NetSpend Corporation Announced by MoneyGram International, Inc.
MoneyGram International, Inc.
MONEYGRAM INTL, MGI
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MoneyGram International, Inc. and NetSpend Corporation announced an agreement that will increase transaction volume in MoneyGram's U.S. locations. The agreement highlights MoneyGram's continued success in the important prepaid segment. Through the relationship, NetSpend prepaid debit card holders will be able to conveniently load value to their cards in a real time, single step transaction at any of the 40,000 MoneyGram ExpressPayment agent locations nationwide. The agreement with MoneyGram brings the number of locations that NetSpend customers can reload their prepaid debit cards to approximately 90,000 making it one of the largest networks of its kind in the country.
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