MoneyGram launches Web
service for money transfers
By INQ7.net

MINNEAPOLIS, MN--MoneyGram Payment Systems Inc., a leading fund transfer provider in the world, has announced the launch of an Internet service for its money transfers. The new service, called MoneyGram e-Money Transfer, allows consumers to send money transfers through personal computers by simply logging on to www.moneygram.com and debiting their bank accounts or by paying with credit or debit cards. Recipients can then pick up the funds the same day at any of MoneyGram's 68,000 agent locations around the globe.

Customers will still have the standard option of sending a money transfer by simply taking cash to a convenient MoneyGram agent location where trained staff can assist with the transaction.

The Philippines has more than 1,100 MoneyGram agent locations, including such well-known names as Equitable PCI, PeraGram, RCBC, Bank of Commerce and the Philippine Post Office. Customers in the Philippines can locate a convenient location by visiting the agent locator at www.moneygram.com or calling MoneyGram's toll-free customer service number at 1-800-955-7777.

"We expect the Internet service will be very popular with many of our busy customers who now will be able to send money around the world at any hour of the day from the convenience of their personal computers," Phil Milne, chief executive officer of Travelers Express Co. Inc., MoneyGram's parent company, said in a press statement.

"But no matter which method customers choose -- standard or Internet service -- they will always find MoneyGram service is affordable, reliable and convenient," he added.

MoneyGram has more than 68,000 agents in 160 countries. The company is owned by Travelers Express Co. Inc., a subsidiary of Viad Corp (NYSE:VVI). For more information or to locate a MoneyGram agent, go to www.moneygram.com.