MoneyGram Extends relationship that is exclusive ACE Cash Express

Seven Year contract Builds on Solid reputation providing monetary answers to U.S. customers

DALLAS, Texas Oct. 16, 2014 (GLOBE NEWSWIRE) — MoneyGram (NASDAQ: MGI), a quantity one global money transfer and re re re payment solutions business, announced today therefore it has renewed a longstanding contract with one among its biggest agents, ACE cash Express, Inc., an Irving, Texas formulated economic solutions company. The considerable agreement that is seven 12 months on a good collaboration concerning the two businesses which have strategically worked together for 25 years to provide access to alternate financial services for clients through the U.S. by using this renewal, MoneyGram has fully guaranteed eight of the top agents through the original quarter of 2017 or previous.

“We are acutely very happy to restore our agreement with ACE cash Express, that has been an incredible partner in growing our U.S. business. This renewal underscores MoneyGram’s effective worldwide brand, reputation success way more than 200 countries and areas, and unique method of serving our agents and clients,” states Pamela H. Patsley, MoneyGram’s president and executive officer that is primary. “Our U.S. customers have actually actually relied on our solutions at ACE cash Express areas for a time that is long and together, we look forward to building on our supplied success.