DALLAS--(BUSINESS WIRE)--
MoneyGram
(NASDAQ: MGI), a leading global money transfer and payment services
company, today announced a five year renewal of its agreement with
Susquehanna Bancshares, a Pennsylvania-based commercial bank, to provide
official check services through its PrimeLink® Official Check program.
MoneyGram's PrimeLink Official Check outsourcing program provides banks
with cost efficiencies through management of its clients' official
checks, including daily balancing and reconciliation, exception
handling, inventory management, and real-time updates on official check
transactions. MoneyGram provides a high level of service and
responsiveness to bank personnel in support of their programs and helps
prevent fraud losses by identifying fraudulent official checks.
"We are pleased to continue our relationship with Susquehanna
Bancshares," said Rex Northen, vice president banking solutions at
MoneyGram. "Susquehanna's trust and confidence in MoneyGram's ability to
support and respond to their unique needs, and our team's ability to
consistently do so, exemplifies our commitment to serving the financial
services industry."
Based in Lititz, Pennsylvania, Susquehanna has branch locations across
the Mid-Atlantic region, including West Virginia, Maryland and New
Jersey. Through Susquehanna Wealth Management, the company also offers
investment, fiduciary, brokerage, insurance, retirement planning and
private banking services.
"We have come to rely upon their high level of support, responsiveness
and attention to detail, enabling our organization to focus resources on
what's important to us and our customers," said James Steeley, senior
vice president and chief accounting officer of Susquehanna Bancshares,
Inc.
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 money transfer services
worldwide through a global network of 327,000 agent locations --
including retailers, international post offices and financial
institutions -- in nearly 200 countries and territories. MoneyGram also
offers bill payment services in the United States and Canada. MoneyGram
is listed on the NASDAQ Stock Exchange under the ticker symbol MGI. To
learn more about money transfer or bill payment at an agent location or
online, please visit moneygram.com
or connect with us on Facebook.

MoneyGram International
Mike Gutierrez, 214-303-9923
media@moneygram.com
Source: MoneyGram International
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