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TheStreet Open House

MoneyGram Signs Agreement With New Albertson’s Inc.

Stocks in this article: MGI

MoneyGram (NASDAQ: MGI), a leading global money transfer company, announces today that it has signed an agreement with New Albertson’s Inc., (NAI), to offer money transfer, bill payment and money order services in all ACME Markets, Jewel-Osco, Shaw’s and Star Markets grocery stores.

The new agreement with NAI includes provisions which will allow customers to interact face-to-face with customer care agents while completing their MGI transactions at more than 400 retail locations.

“Customers will now be able to initiate as well as complete their MoneyGram transactions with friendly store associates, allowing for a more personal and informative user experience,” said Pete Ohser, senior vice president of U.S. and Canada at MoneyGram.

The agreement also includes provisions for fresh signage that will direct customers to the service desk for all MoneyGram support. Customers can now easily and quickly send or receive funds to friends and family to locations both in the U.S. and around the world. ACME Markets operates stores in Delaware, Maryland, New Jersey and Pennsylvania; Jewel-Osco operates stores in Illinois, Indiana and Iowa with a primary presence in the Chicago area; and Shaw’s and Star Markets operate stores in Maine, Massachusetts, New Hampshire, Rhode Island and Vermont.

About MoneyGram International

MoneyGram International, a leading money transfer company, enables consumers who are not fully served by traditional financial institutions to meet their financial needs. MoneyGram offers money transfer services worldwide through a global network of 334,000 agent locations -- including retailers, international post offices and financial institutions -- in nearly 200 countries and territories. MoneyGram also offers bill payment services in the United States and Canada. MoneyGram is listed on the NASDAQ Stock Exchange under the ticker symbol MGI. To learn more about money transfer or bill payment at an agent location or online, please visit moneygram.com or connect with us on Facebook.



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