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United Bank outsources cheque processing to MoneyGram

16 November 2005  |  1360 views  |  0 Source: MoneyGram International

MoneyGram International, Inc., (NYSE:MGI) announced today the signing of a multi-year PrimeLink official check contract with United Bank, with offices in West Virginia, Virginia, Maryland, Ohio and Washington, D.C.

United Bank previously processed its own official checks and after considering the advantages of outsourcing decided to implement the Travelers Express/MoneyGram PrimeLink official check solution. The PrimeLink product is a complete official check outsourcing solution utilized by financial institutions for their official check disbursement needs. PrimeLink helps reduce costs, enhance revenue, and improve operational efficiency and official check product control for United Bank.

"We are very pleased to add United Bank to our client base", said Michael Daugherty, vice president of MoneyGram's Travelers Express Payment Systems Group. "United Bank has an excellent reputation of fantastic service and commitment to their marketplace. We are looking forward to serving and growing with United Bank."

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