MoneyGram and GWK Sign a Long-Term Agency Agreement
AMSTERDAM, The Netherlands, June 19 /PRNewswire/ -- MoneyGram Payment Systems, Inc., a leading provider of consumer money transfers, has been selected as the money transfer service provider of GWK Bank NV, The Netherlands. GWK and MoneyGram will provide money transfer services to consumers at all of GWK's 65 locations beginning July 2001. GWK has extensive experience in the money transfer business, acting as one of Western Union's most important worldwide agents for the past 10 years. "After an extensive research project, MoneyGram was chosen as our partner because of their proactive and flexible approach," explained Willem-Jan van den Heuvel, managing director of GWK. "They have already demonstrated their desire to provide outstanding service to our customers." "GWK's decision to switch providers is a huge vote of confidence in our service," said Philip W. Milne, president and chief executive officer of MoneyGram, "and it brings us a significant 'win' in MoneyGram's international expansion strategy." "With GWK's excellent reputation, network coverage and experience in the international money transfer market, we can give MoneyGram customers an even broader range of options to safely, quickly and reliably both send and receive money around the globe," added Mohit Davar, chief operating officer and deputy CEO, MoneyGram International Limited. MoneyGram has over 37,000 locations in more than 150 countries around the world. MoneyGram transfers are used globally by people without traditional banking relationships, expatriates who send money to their home country, traditional bank customers in need of emergency money, tourists without local bank accounts and others who need rapid and economical wire transfer services. MoneyGram, which was established in 1988, was acquired in May 1998 by Travelers Express Company, a subsidiary of Phoenix-based Viad Corp (NYSE: VVI), a $1.8 billion business services company traded on the New York Stock Exchange under the symbol VVI. Viad owns businesses primarily in the payment services and convention and event services industries. Note To Editors: To find a MoneyGram agent, or find out more information on Travelers Express, go to www.temgweb.com. For more information on Viad Corp, go to www.viad.com. For further information please contact: Leon Isaacs, Tel: +44.(0)207.599.1119, Email: email@example.com, or Sophie Curtin, Tel: +31.(0)20.563.0672, Email: firstname.lastname@example.org MAKE YOUR OPINION COUNT - Click Here http://tbutton.prnewswire.com/prn/11690X78827138
SOURCE Viad Corp
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