( BW)(CO-MONEYGRAM-PAYMENT-SYM)(VVI) MoneyGram Launches Internet
Service for Money Transfers; Yahoo! Brings MoneyGram Service To
PayDirect
Business Editors
LAKEWOOD, Colo.--(BUSINESS WIRE)--March 9, 2004--MoneyGram Payment
Systems, Inc., a leading money transfer company, announced today the
launch of Internet service for its money transfers. The new service,
called MoneyGram e-Money Transfer, allows consumers to send
MoneyGram(R) money transfers through personal computers by simply
logging on to www.moneygram.com and debiting their bank accounts or by
paying with credit or debit cards. Recipients can pick up the funds
the same day at any of MoneyGram's over 60,000 agent locations
world-wide.
MoneyGram's ExpressPayment urgent bill payment service is also
part of MoneyGram's new Internet service package. ExpressPayment is
typically used for paying auto loan, home mortgages or credit card
bills. Now ExpressPayment customers have the choice of paying those
bills from a personal computer or by bringing cash to any MoneyGram
agent location.
As the result of a recent agreement between MoneyGram and Yahoo!,
a leading provider of comprehensive online products and services to
consumers and businesses worldwide, the MoneyGram service on the
Internet is now also available through Yahoo! PayDirect's Web site.
"Our new Internet service helps people by providing affordable,
reliable and convenient domestic and international money transfers,"
said Phil Milne, chief executive officer of Travelers Express Company,
Inc., MoneyGram's parent company. "We expect Internet service will be
very popular with many of our busy customers who will now be able to
send money around the world at any hour of the day from the
convenience of their personal computers. Our relationship with Yahoo!
PayDirect ensures even greater accessibility to MoneyGram Internet
service."
MoneyGram has agents in 160 countries. The company is owned by
Travelers Express Company, Inc., a subsidiary of Viad Corp (NYSE:VVI).
For more information or to locate a MoneyGram agent, visit the
company's website at www.moneygram.com.
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CONTACT: Viad Corp, Phoenix
Angela Phoenix, 602-207-5608
aphoenix@viad.com