Money Gram Extends Exclusive Relationship With ACE Money Express

News Release

DALLAS, Texas Oct. 16, 2014 (GLOBE NEWSWIRE) — MoneyGram (NASDAQ: MGI), a number one international cash transfer and re payment solutions business, announced today so it has renewed a longstanding contract with certainly one of its biggest agents, ACE money Express, Inc., an Irving, Texas -based economic solutions business. The extensive seven-year agreement develops on a powerful collaboration involving the two organizations who possess strategically worked together for 25 years to supply access to alternative economic services for customers through the entire U.S. With this particular renewal, MoneyGram has guaranteed eight of their top agents through the initial quarter of 2017 or beyond.

“we’re incredibly happy to renew ACE Cash Express to our agreement, that has been a fantastic partner in growing our U.S. Company. This renewal underscores MoneyGram’s powerful international brand name, reputation success much more than 200 nations and regions, and unique way of serving our agents and customers, ” says

Pamela H. Patsley

, MoneyGram’s president and ceo. “Our U.S. Clients have actually relied on our solutions at ACE money Express areas for many years, and together, we look ahead to building on our provided success. MoneyGram is continually dedicated to improving solution delivery, and now we value ACE’s capacity to satisfy customer requirements for submit transactions, money bill and pickup re re payment solutions. “

Utilizing the agreement, MoneyGram’s complete suite of services — cash transfers advance payday loans online Georgia, cash requests, bill payments — will still be offered by significantly more than 1,400 U.S. ACE money Express shops.

Customers also can access MoneyGram’s online solutions through the ACE money Express internet site, where they could link right to MoneyGram to move funds or settle payments.

“for over a quarter of a hundred years, ACE money Express and MoneyGram have actually supplied convenient economic solutions to many people, ” said

Jay B. Shipowitz

, president and primary executive officer of ACE money Express. “ACE’s concern would be to offer customers with usage of services and products that will assist them satisfy their goals that are financial and now we genuinely believe that ACE’s partnership with MoneyGram is still of tremendous value to the clients. “

About MoneyGram Overseas, Inc.

MoneyGram, a leading cash transfer business, provides important solutions to customers who’re perhaps not completely offered by conventional finance institutions. MoneyGram provides worldwide cash transfer solutions much more than 200 nations and regions through an international system of 345,000 representative places, including merchants, worldwide post workplaces and banking institutions. MoneyGram also provides bill re re payment solutions, problems cash purchases and processes checks that are official choose areas.

Predatory Loan King Backs Schimel

Rod Aycox, partner of respected mob figure, provides $2,500 to Attorney General Brad Schimel.

Brad Schimel. Photo through the continuing State of Wisconsin.

State Attorney General Brad Schimel accepted a $2,500 campaign contribution from a loan that is predatory who had been in operation having a respected mob figure, documents reveal.

Schimel accepted the contribution from Rod Aycox, of Alpharetta, GA, on March 15, campaign finance documents reveal. The contribution is placed in Schimel’s campaign finance report that is latest.

Aycox could be the creator and chief executive officer of Atlanta-based choose Management Resources and routinely pumps money that is big promotions of prospects symapthetic into the exhorbitant-interest payday/title loan industry. Aycox additionally operates businesses beneath the names LoanMax, Midwest Title Loans and many other brands, based on the Center for Public Integrity.

The gains he derives from charging you interest that is high to the indegent permits him to call home in luxury.

Aycox, a previous car that is used insurance coverage salesman, is at one time a co-owner with Alvin Malnik of Title Loans of America. Malnik is a reputed mob associate.

It to legitimate ventures (like real estate) if you believe Forbes magazine (“The Invisible Enterprise”), Malnik essentially invented the black art of money-laundering, taking mob money and routing. To wit:

“In the 1960s, Miami lawyer Alvin Malnik arranged the financial institution of Commerce into the Bahamas. Mob money flowed into its key numbered records by the billions–(mob financier Meyer) Lansky cash, the majority of it–and then away once again into Tibor Rosenbaum’s Overseas Credit Bank of Switzerland before going back to the usa for investment. ”

In addition, did you know francs that are swiss utilized to fund construction associated with apartment structures in Clairemont and Rancho Penasquitos.

The video gaming commissions of the latest Jersey and Las Vegas are making Malnik persona non grata. All lies, he states.

While the Arizona Republic reported in 1999:

In a January 1997 sworn deposition for the Georgia action that is civil Aycox, then president and part-owner of Title Loans of America, unveiled Malnik as an owner of U.S. Title Trust, which has 50 per cent of Title Loans of America. When you look at the same deposition, Aycox stated that he could be a 33 per cent owner and Kenneth Partiss of Atlanta had been a 17 per cent owner. In 1983 Partiss had been among 84 defendants indicted in Miami after a U.S. Drug Enforcement Administration probe that is drug-smuggling covered 20 states. He had been acquitted.

Gretchen Schuldt writes a weblog for Wisconsin Justice Initiative, whoever objective is “To increase the quality of justice in Wisconsin by educating people about legal issues and encouraging engagement that is civic and debate about the judicial system and its own procedure.