MoneyGram Expands Relationship with Speedway LLC
Agreement adds the MoneyGram xpressTM service to 1,460 Midwest locations
DALLAS--(BUSINESS WIRE)--Jun. 12, 2012--
(NYSE:MGI), a leading global money transfer company, announced today it
has expanded its relationship with Speedway LLC (Speedway) with the
addition of MoneyGram xpress to the convenience store chain’s
1,460 locations across the Midwest. Speedway will also 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
package in a predetermined and defined dollar amount. These packages can
then be redeemed online at moneygram.com/xpress
or by phone at 1-800-987-9859 to complete the money transfer.
Recipients of transfers originated via the MoneyGram xpress
service can pick up their funds at any MoneyGram agent location that
offers money 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’s existing MoneyGram
services gives customers the option to quickly purchase money transfers
and avoid waiting in line or filling out forms at the point of sale.”
MoneyGram xpress packages are sold in $50, $100, and $200
increments with fixed transfer fees of $5.95, $10.95, and $11.95,
“Our customers place a high value on choice and fast service,” said
Grant Heminger, vice president, Marketing for Speedway. “We continue to
rely on MoneyGram to help us meet our customers’ need for quick and
convenient financial products. The MoneyGram xpress service will
allow our two million customers per day to send money to family and
friends without waiting in lines or filling out forms. The MoneyGram xpress
program is also 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 owned subsidiary of Marathon Petroleum Corporation (NSYE: MPC).
For further information about Speedway, visit the company’s website at http://www.speedway.com.
MoneyGram, a leading global money transfer company, enables consumers
who are not fully served by traditional financial institutions to meet
their financial needs. MoneyGram offers money transfer services
worldwide and bill payment services in the United States and Canada
through a global network of more than 275,000 agent locations—including
retailers, international post offices and financial institutions—in 194
countries and territories around the world. To learn more about money
transfer or bill payment at an agent location or online, please visit www.moneygram.com
or connect with us on Facebook.
For more information on the MoneyGram xpress product, visit moneygram.com/xpress.
Mike Gutierrez, 214-303-9923
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