DALLAS–(BUSINESS WIRE)–MoneyGram (NYSE:MGI), a arch all-around money alteration company, and Walmart appear today a new three-year acceding for MoneyGram to abide accouterment MoneyGram branded cyberbanking articles including money transfers, bill acquittal and money orders, at all Walmart food in the U.S. and Puerto Rico. Under the acceding of the agreement, MoneyGram is the adopted provider of money transfers at Walmart, continuing a 13-year relationship.
“This is our fourth money alteration acceding with Walmart back 1999 and our aggregate charge to amount and chump account continues to be the foundation for our acknowledged relationship,” said Pam Patsley, administrator and CEO of MoneyGram. “We are committed to carrying avant-garde solutions and acute articles for consumers.”
The new arrangement commences on April 1, 2013 and includes MoneyGram committing to investments in technology and advancing business and artefact innovation.
MoneyGram, a arch money alteration company, enables consumers who are not absolutely served by acceptable cyberbanking institutions to accommodated their cyberbanking needs. MoneyGram offers bill acquittal casework in the United States and Canada and money alteration casework common through a all-around arrangement of added than 284,000 abettor locations — including retailers, all-embracing column offices and cyberbanking institutions — in 196 countries and territories. To apprentice added about money alteration or bill acquittal at an abettor area or online, amuse appointment moneygram.com or affix with us on Facebook.
Forward Looking Statements
This columnist absolution may accommodate advanced statements aural the acceptation of the Private Balance Action Reform Act of 1995, including statements with account to, amid added things, the cyberbanking condition, after-effects of operations, plans, objectives, approaching achievement and business of MoneyGram and its subsidiaries. Advanced statements can be articular by words such as “believes,” “estimates,” “expects,” “projects,” “plans,” “will,” “should,” “could,” “would” and added agnate expressions. These advanced statements allege alone as of the date they are made, and MoneyGram undertakes no obligation to about amend or alter any advanced statement, except as appropriate by federal balance law. These advanced statements are based on management’s accepted expectations and are accountable to assertive risks, uncertainties and changes in affairs due to a cardinal of factors. These factors include, but are not bound to: advancing investigations involving MoneyGram by the United States federal government and several accompaniment governments which could aftereffect in bent or civilian penalties, abolishment of appropriate licenses or registrations, abortion of contracts, including possibly all agreements with Wal-Mart, added authoritative accomplishments or lawsuits and abrogating publicity; our adeptness to advance key abettor or biller relationships, or a abridgement in transaction aggregate from these relationships; our abundant debt account obligations, cogent debt agreement requirements and acclaim rating; our basic anatomy and the appropriate voting rights provided to designees of Thomas H. Lee Partners, L.P. on our Board of Directors; abiding cyberbanking bazaar illiquidity, or illiquidity at our clearing, banknote administration and careful cyberbanking institutions; connected weakness in bread-and-butter conditions, in both the United States and all-around markets; a actual apathetic bottomward or complete disruption of all-embracing clearing patterns; action involving MoneyGram or its agents; which could aftereffect in actual settlements, fines or penalties; fluctuations in absorption rates; our adeptness to administer acclaim risks from our retail agents and official analysis cyberbanking academy customers; our adeptness to administer artifice risks from consumers or agents; the adeptness of MoneyGram and its agents to advance able cyberbanking relationships; our adeptness to absorb ally to accomplish our official analysis and money adjustment businesses; our adeptness to advance acceptable capital; our adeptness to allure and absorb key employees; our adeptness to auspiciously advance and appropriate acquaint new and added articles and services; investments in new products, casework or basement changes; our adeptness to abundantly assure our cast and bookish acreage rights and to abstain anarchic on the rights of others; our adeptness to attempt effectively; the adeptness of us and our agents to accede with U.S. and all-embracing laws and regulations, including the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010; changes in tax laws or an abortive aftereffect with account to the analysis of our tax allotment or tax positions, or a abortion by us to authorize able affluence for tax events; our alms of money alteration casework through agents in regions that are politically airy or, in a bound cardinal of cases, are accountable to assertive restrictions by the Office of Foreign Assets Control; a aegis or aloofness aperture in our facilities, networks or databases; disruptions to our computer arrangement systems and abstracts centers; our adeptness to finer accomplish and acclimate our technology to bout our business growth; our adeptness to administer risks accompanying to the operation of retail locations and the accretion or start-up of businesses; our adeptness to administer risks associated with our all-embracing sales and operations; our adeptness to advance able centralized controls; and the risks and uncertainties declared in the “Risk Factors” and “Management’s Discussion and Analysis of Cyberbanking Action and After-effects of Operations” sections of MoneyGram’s accessible letters filed with the SEC, including MoneyGram’s Form 10-K for the year concluded December 31, 2011 and its Forms 10-Q for the abode concluded March 31, 2012 and June 30, 2012.
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