MoneyGram and GWK Sign a Long-Term Agency Agreement

Jun 19, 2001, 01:00 ET from Viad Corp

    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
     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  For more information on Viad
 Corp, go to
     For further information please contact: Leon Isaacs, Tel:
 +44.(0)207.599.1119, Email:, or Sophie Curtin, Tel:
 +31.(0)20.563.0672, Email:
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SOURCE Viad Corp