MoneyGram International Signs Agreement with Cumberland Farms to Launch MoneyGram® Xpress In-lane Money Transfer Service

New service brings new level of ease and convenience to consumers

DALLAS--()--MoneyGram International today announced that the company has signed an agreement with Massachusetts-based Cumberland Farms to launch the first locations of the MoneyGram® Xpress service. This new in-lane money transfer service allows consumers to purchase pre-packaged money transfers in $50, $100 and $200 denominations and redeem them online or by telephone to complete the transaction. Cumberland Farms has almost 600 convenience stores in 11 states throughout New England, the Northeast and Florida.

“Cumberland Farms’ focus on convenience and giving great customer service mirrors the values of MoneyGram,” said Stu Kiefer, MoneyGram vice president of product management. “The company’s 50-year history of providing its customers with quality products and services and its network of stores makes Cumberland Farms a perfect venue for our MoneyGram® Xpress service.”

According to Bob Skiba, InComm executive vice president, the new MoneyGram Xpress prepaid money transfers allow consumers to pay for the transfer amount and fees at the same time as they make other retail purchases, and then actually make the transfer when convenient for them – online or by phone. Consumers using the service can send money to any MoneyGram agent location around the world. “MoneyGram Xpress broadens ways to access money transfer services, and – for many consumers – assists with time and money management,” Skiba said.

According to Kiefer, the InComm partnership gives MoneyGram the opportunity to take this product to 19 countries and 250,000 unique retailer doors.

Cumberland Farms Category Manager Mike Esposito added, “As the newest agent for MoneyGram, we look forward to marketing this safe, efficient, and cost-effective money transfer service to our loyal base of customers. We fully expect this innovative MoneyGram Xpress service to appeal to our customers throughout the regions where we operate.”

Cumberland Farms is the first national in-lane prepaid money transfers rollout with MoneyGram and its processing partner, Ceridian Stored Value Solutions. The MoneyGram and SVS arrangement gives MoneyGram core processing capabilities in more than 40 countries, including Canada, Hong Kong, Russia, the United Kingdom, the United States and countries in the European Union.

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 more 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 Cumberland Farms
Cumberland Farms makes life easier for busy people every day. Its network of convenience stores across 11 states reflects the values of three generations of providing customers with value, convenience and unparalleled service - whether you're buying a cold Chill Zone drink, a hot or iced cup of Farmhouse Blend Coffee, or filling the gas tank. Family owned for over 70 years, Cumberland Farms also has a long heritage of giving back to the communities where it operates. For more information about a Cumberland Farms near you, please visit www.CumberlandFarms.com.

About InComm
InComm is the industry leading marketer, distributor and technology innovator of stored-value gift and prepaid products using its state-of-the-art point-of-sale transaction technology and payment solutions to revolutionize retail product sales and customer experiences. With nearly $13 billion in retail sales transactions processed in 2010, InComm is the nation’s largest provider of gift cards, prepaid wireless products, reloadable debit cards, digital music downloads, content, games, software and bill payment solutions. InComm partners with consumer brand leaders around the world to provide more than 225,000 retail locations the products and services their customers demand. Since 1992, InComm's patented technologies have made the buying process easier for consumers, while streamlining the selling process for product and retail partners. InComm is headquartered in Atlanta with offices in Australia/New Zealand, Brazil, Canada, Japan, Mexico, Puerto Rico, the United Kingdom, Arkansas, California, Colorado, Florida, Minnesota, Oregon, and Texas. To learn more about InComm, visit www.incomm.com or call 1.800.352.3084.

Contacts

MoneyGram International, Inc.
Patty Sullivan, 214-303-9923
media@moneygram.com

Release Summary

MoneyGram Xpress In-lane cards Launches with Cumberland Farms

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Contacts

MoneyGram International, Inc.
Patty Sullivan, 214-303-9923
media@moneygram.com