MoneyGram Expands Relationship with Speedway LLC
DALLAS--(Business concern WIRE)--Jun. 12, 2012-- MoneyGram (NYSE:MGI), a leading global money transfer visitor, announced today it has expanded its relationship with Speedway LLC (Speedway) with the addition of MoneyGram xpress to the convenience store chain'south 1,460 locations across the Midwest. Speedway volition likewise continue to sell MoneyGram money orders under the new agreement.
The MoneyGram xpress service allows customers to purchase in-lane, a pre-paid money transfer bundle in a predetermined and defined dollar amount. These packages can then exist redeemed online at moneygram.com/xpress or past phone at one-800-987-9859 to complete the money transfer. Recipients of transfers originated via the MoneyGram xpress service tin pick up their funds at whatsoever MoneyGram agent location that offers coin transfer services.
"Customers want flexible, convenient and reliable ways to send money," said Rick Byrne, vice president of Strategic Accounts for MoneyGram. "Adding MoneyGram xpress to Speedway'due south existing MoneyGram services gives customers the option to apace purchase money transfers and avoid waiting in line or filling out forms at the signal of sale."
MoneyGram xpress packages are sold in $fifty, $100, and $200 increments with fixed transfer fees of $5.95, $10.95, and $xi.95, respectively.
"Our customers place a high value on pick and fast service," said Grant Heminger, vice president, Marketing for Speedway. "We continue to rely on MoneyGram to assist the states meet our customers' demand for quick and user-friendly financial products. The MoneyGram xpress service will allow our two meg customers per day to transport money to family unit and friends without waiting in lines or filling out forms. The MoneyGram xpress program is too quick and easy for our associates to use."
About Speedway LLC
Speedway LLC, headquartered in Enon, Ohio, owns and operates the nation's fourth largest convenience store chain, with approximately 1,460 locations in seven states in the Midwest. Speedway is an indirect wholly endemic subsidiary of Marathon Petroleum Corporation (NSYE: MPC). For farther information about Speedway, visit the company's website at http://www.speedway.com.
About MoneyGram
MoneyGram, a leading global money transfer company, enables consumers who are non fully served past traditional financial institutions to see their financial needs. MoneyGram offers coin transfer services worldwide and beak payment services in the United States and Canada through a global network of more than than 275,000 agent locations—including retailers, international mail offices and fiscal institutions—in 194 countries and territories around the globe. To larn more about money transfer or bill payment at an agent location or online, delight visit world wide web.moneygram.com or connect with us on Facebook. For more information on the MoneyGram xpress production, visit moneygram.com/xpress.
Source: MoneyGram
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Mike Gutierrez, 214-303-9923
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