MoneyGram expands Speedway relationship

Source: MoneyGram

MoneyGram (MGI), a leading global money transfer company, announced today it has expanded its relationship with 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." 

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