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WorldPay and MoneyGram to Expand Direct-to-Account Service

  WorldPay and MoneyGram to Expand Direct-to-Account Service

 Alliance with WorldPay quickly and efficiently expands service availability

Business Wire

DALLAS -- January 9, 2013

MoneyGram (NYSE:MGI), a leading global money transfer company, and WorldPay, a
global leader in payments processing, risk and alternative payments, announced
today the two companies have entered into a strategic alliance to expand
MoneyGram’s direct-to-account money transfer service in up to 50 countries
globally.

The new service will complement MoneyGram’s current direct-to-account product
that enables consumers in multiple countries to send funds to bank accounts.

WorldPay is connected to more than 50 local currency clearing systems and has
more than 400,000 merchants and 300 financial institutions as customers
worldwide. Under the agreement, WorldPay will manage the payout interfaces for
MoneyGram, providing the company with a single integration and connection
point. This will enable MoneyGram to quickly and efficiently add countries and
financial institutions to its growing direct-to-account service, allowing
customers to send funds directly into a person’s account at a participating
bank.

“This is an exciting business opportunity for MoneyGram that continues our
strategy to partner with industry leaders to expand our network and offer new
services for our customers,” said Tim Summers, MoneyGram’s head of strategic
partnerships. “We look forward to working with an industry leader like
WorldPay and are certain our customers will benefit from this continued
expansion of our money transfer services.”

The alliance will allow WorldPay affiliated financial institutions to more
quickly launch services to receive funds from MoneyGram’s systems as they can
now be easily and quickly connected. The WorldPay integration will
significantly reduce service launch times.

Phil McGriskin, chief product officer, WorldPay, comments: “The payment
landscape is increasingly diverse, and we work with a number of companies
globally to offer the widest variety of payment services, including
transaction capturing, merchant acquiring and transaction processing. The
alliance between WorldPay and MoneyGram combines WorldPay’s experience of
working with multiple payment types and MoneyGram’s expertise in international
money transfers to offer a globally competitive direct-to-account transfer
service.”

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
293,000 agent locations—including retailers, international post offices and
financial institutions—in 197 countries and territories around the world. 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.

About WorldPay

WorldPay is a leading global provider of payment and risk services, processing
millions of transactions every day. WorldPay is a unification of seven leading
retail payment solutions and offers a range of services including acquiring,
gateway, alternative payments, risk management, and mobile payments. WorldPay
became an independent company in December 2010. www.worldpay.com

Twitter: @WorldPay
Facebook: www.facebook.com/worldpay

Contact:

MoneyGram
Sophia Stoller / Mike Gutierrez, +1-214-303-9923
media@moneygram.com
or
Octopus Communications for WorldPay
Sammy Jamieson / Rebecca Kennett, +44 (00) 845 3700 655
pr@worldpay.com
 
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