Moneygram International, Inc.
February 23, 2012

MoneyGram: When the Kids Are Away, the Scammers Come Out to Play

MoneyGram Offers Advice to Parents of College Spring Breakers to Avoid Fraud During Popular Travel Period

DALLAS--(BUSINESS WIRE)--Feb. 23, 2012-- While most Americans will prepare to lose an hour of sleep when Daylight Saving Time ends in mid-March, many parents are preparing to lose something else: their peace of mind when their college-age children travel on spring break.

According to MoneyGram (NYSE: MGI), a leading global money transfer company, spring break can end up “breaking the bank” if parents don’t stay alert to the “family scam” – when a scammer calls parents to inform them their child is in trouble in a distant location, asking for money for medical care or bail, even though the child is perfectly safe.

“Spring break can be a letting-go experience for parents of college students,” said Kim Garner, Senior Vice President of Global Security for MoneyGram. “But along with letting go, parents should hang on to their common sense, especially when it comes to helping their kids stay safe and avoid certain common scams.”

Garner offers the following advice to parents of college students to safeguard their physical and financial health during spring break:

“The best way to ensure a safe spring break and avoid a scam is to talk to your child in advance about these types of precautions, and schedule regular contact so you can hear directly from them that they’re safe,” said Garner of MoneyGram. “And while the student is traveling, parents should focus on their own protection against scams by never sending money to anyone they don’t know, regardless of what the individual on the other end of a phone might be telling them.”

As part of MoneyGram’s ongoing efforts to protect consumers from wire transfer fraud, the company recently launched an enhanced version of its fraud prevention website – www.moneygram-preventfraud.com. MoneyGram recommends that before initiating a money transfer, consumers should:

Consumers who suspect fraud associated with money transfers should contact their local law enforcement. Consumers should call 1-800-MONEYGRAM (800-666-3947) if they believe MoneyGram was used to wire money as a result of a scam.

About MoneyGram International

MoneyGram International, a leading money transfer company, enables consumers who are not fully served by traditional financial institutions to meet their financial needs. MoneyGram offers bill payment services in the United States and Canada and money transfer services worldwide through a global network of more than 267,000 agent locations -- including retailers, international post offices and financial institutions -- in 192 countries and territories. To learn more about money transfer or bill payment at an agent location or online, please visit http://www.moneygram.com or connect with us on Facebook.

Source: MoneyGram International

for MoneyGram International
Christy French, 214-379-3703
Christy.french@mm2pr.com