MoneyGram Joins Forces with the International AntiCounterfeiting Coalition to Protect Consumers from Retail Scams

MoneyGram Joins Forces with the International AntiCounterfeiting Coalition to
                     Protect Consumers from Retail Scams

MoneyGram is largest money transfer company to participate in program

PR Newswire

DALLAS, Jan. 23, 2013

DALLAS, Jan. 23, 2013 /PRNewswire/ -- MoneyGram (NYSE: MGI), a leading global
money transfer company, and the International AntiCounterfeiting Coalition,
Inc. (IACC) today announced an agreement under which MoneyGram will
participate in the IACC Payment Processor Portal Program, which is designed to
prevent disreputable merchants from selling counterfeit goods by disabling
certain payment processing channels, such as MoneyGram money transfers, to
these merchants.

The IACC portal program provides a system for intellectual property
rights-holders, such as manufacturers of luxury goods, electronics, and
consumer products, to report the illegal sale of counterfeit items. Once a
claim is verified by the IACC, a third-party monitoring agent alerts affected
payment processors, such as credit card and money transfer companies, to
ensure the illegal merchant no longer accepts payments through these channels.

"This collaboration with the IACC is one more step in MoneyGram's commitment
to prevent fraud, and our participation in the portal program will diminish
the ability of counterfeiters to defraud consumers using MoneyGram money
transfers," said Pete Caddigan, vice president of global security and
investigations at MoneyGram. "MoneyGram maintains a tough stance on fraud, and
we are dedicated to protecting our customers and other consumers from being
victimized by merchants of counterfeit items."

Counterfeiters use MoneyGram and other payment processors as a sign of
legitimacy to lure consumers to purchase fraudulent products, but
participation in the portal program will help MoneyGram and the IACC identify
illegal retailers and protect consumers from monetary losses.

"We are excited to have MoneyGram join our fight against 'rogue merchants' who
continue to prey on unsuspecting consumers by selling inferior and oft-times
dangerous products online," said Bob Barchiesi, president of the IACC. "Our
aim is simple: To identify, disrupt, and dismantle these criminal enterprises
and deny them access to the international financial system."

In addition to MoneyGram, the IACC's portal program includes some of the
largest multinational brands and leading financial companies.

The IACC and program members have disabled more than 1,200 counterfeit
merchants to date.

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 293,000 agent locations – including retailers, international post
offices and financial institutions – in 197 countries and territories. 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 the IACC
The IACC is a Washington, D.C.-based non-profit organization devoted to
combating product counterfeiting and piracy. Formed in 1978, the IACC is
comprised of a cross section of business and industry from the automotive,
apparel, pharmaceutical, software, entertainment, and consumer products
sector, including many of the world's best-known brands. The touchstone of the
IACC's mission is to combat counterfeiting and piracy by promoting laws,
regulations and directives designed to render the theft of intellectual
property undesirable and unprofitable.

SOURCE International AntiCounterfeiting Coalition

Website: http://www.iacc.org
Contact: Mike Gutierrez/Sophia Stoller, media@moneygram.com, +1-214-303-9923;
Kristina Montanaro, kmontanaro@iacc.org, +1-202-223-6667
 
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