MoneyGram Expands Relationship with Speedway LLC

Agreement adds the MoneyGram xpressTM service to 1,460 Midwest locations

DALLAS--()--MoneyGram (NYSE:MGI), a leading global money transfer company, announced today it has expanded its relationship with Speedway LLC (Speedway) with the addition of MoneyGram xpress to the convenience store chain’s 1,460 locations across the Midwest. Speedway will also continue to sell MoneyGram money orders under the new agreement.

The MoneyGram xpress service allows customers to purchase in-lane, a pre-paid money transfer package in a predetermined and defined dollar amount. These packages can then be redeemed online at moneygram.com/xpress or by phone at 1-800-987-9859 to complete the money transfer. Recipients of transfers originated via the MoneyGram xpress service can pick up their funds at any MoneyGram agent location that offers money transfer services.

“Customers want flexible, convenient and reliable ways to send money,” said Rick Byrne, vice president of Strategic Accounts for MoneyGram. “Adding MoneyGram xpress to Speedway’s existing MoneyGram services gives customers the option to quickly purchase money transfers and avoid waiting in line or filling out forms at the point of sale.”

MoneyGram xpress packages are sold in $50, $100, and $200 increments with fixed transfer fees of $5.95, $10.95, and $11.95, respectively.

“Our customers place a high value on choice and fast service,” said Grant Heminger, vice president, Marketing for Speedway. “We continue to rely on MoneyGram to help us meet our customers’ need for quick and convenient financial products. The MoneyGram xpress service will allow our two million customers per day to send money to family and friends without waiting in lines or filling out forms. The MoneyGram xpress program is also quick and easy for our associates to use.”

About Speedway LLC

Speedway LLC, headquartered in Enon, Ohio, owns and operates the nation’s fourth largest convenience store chain, with approximately 1,460 locations in seven states in the Midwest. Speedway is an indirect wholly owned subsidiary of Marathon Petroleum Corporation (NSYE: MPC). For further information about Speedway, visit the company’s website at http://www.speedway.com.

About MoneyGram

MoneyGram, a leading global 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 and bill payment services in the United States and Canada through a global network of more than 275,000 agent locations—including retailers, international post offices and financial institutions—in 194 countries and territories around the world. 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. For more information on the MoneyGram xpress product, visit moneygram.com/xpress.

Contacts

MoneyGram
Mike Gutierrez, 214-303-9923
or
Sean Tuffnell, 214-303-9923
media@moneygram.com

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Contacts

MoneyGram
Mike Gutierrez, 214-303-9923
or
Sean Tuffnell, 214-303-9923
media@moneygram.com