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DALLAS, Oct 31, 2011 (BUSINESS CABLE) — employees across 23 states whom use check cashing services are now able to additionally deliver cash, settle payments or buy cash purchase in one convenient location, making use of MoneyGram’s vast worldwide community and re re payment solutions. QC Holdings, Inc., among the country’s leading payday loan providers, this week began rolling away MoneyGram (NYSE:MGI) services at a lot more than 300 of its retail places after significantly more than a 20-year affiliation by having a leading competitor.
“we have been worked up about our brand new relationship with MoneyGram. Its strong international community and technology solutions will deliver excellent value to the customers and also to our business,” stated Darrin Andersen, QC Holdings’ president.
QC Holdings runs shops in 23 states, with all the strongest existence in Ca, Missouri and sc. The business’s main customer brands are Quik money and National Quik money, nevertheless the business also incorporates Ca Budget Finance, Express Check Advance of sc, First Payday Loans, QC Finance and AutoStart United States Of America.
“Our company is thrilled to possess acquired ecommerce, as QC Holdings is an founded and reputable company into the payday lending and check cashing industry,” stated Dan O’Malley, MoneyGram’s executive vice president regarding the Americas and appearing areas. “Additions like QC Holdings give MoneyGram a well established volume and income base from where to create in, plus they have been our most readily useful product sales device. Their impact and client base is really a strategic complement to MoneyGram’s system.”
QC Holdings, Inc. joins Mid-State Ventures, LLC d/b/a Friendly always always Check Cashing and Rite Check Cashing, Inc., that also joined up with MoneyGram previously this year after long associations ( 15 years and 40 years, correspondingly) by having a money transfer company that is competing. MoneyGram’s representative community also incorporates Advance America, ACE money Express and Speedy money.
About MoneyGram Global MoneyGram Overseas, a number one cash transfer business, allows customers that are perhaps not completely offered by conventional finance institutions to meet up with their economic requirements. MoneyGram provides bill re re re payment solutions in america and Canada and cash transfer services internationally through a worldwide system greater than 244,000 agent locations–including retailers, worldwide post workplaces and financial institutions–in 192 nations and regions. To find out more about money transfer or bill re re re payment at a representative location or on the web, please visitr relate genuinely to us on Facebook.
About QC Holdings, Inc. Headquartered in Overland Park, Kansas, QC Holdings, Inc. is just a number one provider of short-term loans in america, operating 499 branches in 23 states. The company entered the short-term loan market in 1992 and, since 1998, has grown from 48 branches to 499 branches through a combination of de novo branch openings and acquisitions with more than 25 years of operating experience in the retail consumer finance industry. In addition, the organization runs five automotive dealerships when you look at the Kansas City area that is metropolitan. During fiscal 2010, the business advanced level around $1.0 billion to clients and reported total profits of $188.1 million.