AccountNow® Customers Can Conveniently Access MoneyGram's Global Network Directly from AccountNow's Web Site
DALLAS, Oct 26, 2011 (BUSINESS WIRE) -- MoneyGram International (NYSE:MGI), a leading global money transfer company, and AccountNow, the innovative, award-winning prepaid card marketer, announced an agreement today whereby AccountNow becomes the first U.S.-based prepaid card program to provide MoneyGram's money transfer products as an online agent beginning November 2011. The agreement will enable AccountNow customers to use their prepaid card accounts to conveniently send money in 10 minutes to any MoneyGram location in the world from AccountNow's web site.
"We are honored to be selected by MoneyGram as its first U.S.-based prepaid online money transfer agent," said AccountNow CEO Jim Jones. "Our customers can now seamlessly access 244,000 MoneyGram locations in 192 countries on http://www.accountnow.com to send money nearly anywhere on the planet in 10 minutes."
Under the arrangement, AccountNow customers can register online to access MoneyGram's global money transfer network from the same site used to manage their accounts. They can then transfer money to any MoneyGram location in the world funded by balances on their AccountNow account. This agreement covers all AccountNow programs.
"This is the natural evolution in our relationship with AccountNow," said Tim Summers, MoneyGram global head of strategic partnerships. "We are pleased to add them to our global agent network."
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 244,000 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.
About AccountNow, Inc.
AccountNow (http://www.accountnow.com, goldvisa.accountnow.com, http://www.accountnowvisa.com, http://www.mymoneygramaccountnowvisa.com), headquartered in San Ramon, California, is a leading provider of financial solutions for the 40 million U.S. consumers who are financially underserved or do not have established credit or traditional banking relationships. AccountNow provides consumers an alternative to "traditional" checking accounts and access to financial and payments systems, including prepaid debit cards, online bill pay and FDIC insured deposits. Visit AccountNow online at http://www.accountnow.com or follow us on Facebook.
SOURCE: MoneyGram International
Sean Tuffnell, 214-303-9923