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 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 www.moneygram.com
or connect with us on Facebook.
About AccountNow, Inc.
AccountNow
(www.accountnow.com,
goldvisa.accountnow.com,
www.accountnowvisa.com,
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 www.accountnow.com
or follow us on Facebook.
