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MoneyGram launches online cash transfer service
MoneyGram Payment Systems has launched e-Money Transfer, a person-to-person payments service for consumers to send money transfers from a home PC via the Internet. Users will be able to initiate transfers from the MoneyGram site. The funds are debited from customers' bank accounts or paid for with credit or debit cards. Recipients can pick up the cash on the same day at any of MoneyGram's agent locations world-wide.
The online system includes MoneyGram's Express Payment urgent bill payment service, which can be used to pay car loans, mortgages or credit card bills. Bills can be paid online or via a MoneyGram agent.
Phil Milne, CEO of MoneyGram's parent company, Travelers Express, says: "We expect that the internet service will be very popular with many of our busy customers who will now be able to send money around the world at any hour of the day from the convenience of their personal computers."
MoneyGram e-Money Transfer will also be available through the Yahoo! Pay Direct P2P payments service.
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