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MoneyGram and InComm to Offer MoneyGram Xpress

In-Lane Money Transfer Service Leverages Prepaid

DALLAS, TX and ATLANTA, GA (April 27, 2011) MoneyGram International (NYSE:MGI), a provider of payment services, and InComm, a marketer, processor, and distributor of stored-valued gift and prepaid cards, will launch the MoneyGram Xpress service, MoneyGram's new in-lane money transfer service available to consumers in the United States. Per the agreement, InComm will assist MoneyGram in the distribution and activation of MoneyGram Xpress packages, which will be available to U.S. consumers in select outlets in InComm's network of retail locations, including grocery and convenience stores, pharmacies, and mass merchandisers.

The MoneyGram Xpress service will initially be offered in $50, $100 and $200 denominations and can be redeemed online or by telephone to complete the transaction. MoneyGram Xpress packages will be available at participating retailers' InComm in-lane card suite and can be purchased at the register.

"We are pleased to introduce this new money transfer service and bring a whole new level of ease and convenience to our consumers," said Stu Kiefer, MoneyGram vice president of product development. "Prepaid money transfers allow consumers to pay for the transfer amount and fees at the same time as they buy gas or groceries and then actually make the transfer when convenient for them - online or by phone. The product broadens ways to access money transfer services and for many, assists with time and money management."

"We are excited to partner with MoneyGram to launch the MoneyGram Xpress money transfer service," said Brooks Smith, InComm president and CEO. "This partnership brings strategic value to our portfolio of stored-value gift and prepaid financial services products, backed by a leading and recognizable brand, and allows us to continue offering innovative products to our retail partners while further strengthening our commitment and support of simplifying the buying process for consumers."

According to the companies, the partnership will enable MoneyGram to eventually offer the product in 40 countries including Canada, Hong Kong, Russia, the United Kingdom, the United States and countries in the European Union. The funds can be and sent anywhere in the world.

Source: MoneyGram International; InComm

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