Employees across 23 states whom use check cashing services is now able to additionally send cash, settle payments or purchase a cash purchase from a single convenient location, making use of MoneyGram’s vast international system and payment services. QC Holdings, Inc., one of the nation’s leading payday lenders, this week began rolling away MoneyGram (NYSE:MGI) services at a lot more than 300 of the retail places after significantly more than a 20-year affiliation with a leading competitor.
“We are worked up about our relationship that is new with. Its strong network that is global technology solutions will deliver excellent value to your consumers and also to our business,” said Darrin Andersen, QC Holdings’ president.
QC Holdings runs shops in 23 states, aided by the presence that is strongest in Ca, Missouri and sc. The company’s main customer brands are Quik money and National Quik money, nevertheless the business also contains Ca Budget Finance, Express Check Advance of sc, First Payday Loans, QC Finance and AutoStart United States Of America.
“We are delighted to own gained this business, as QC Holdings is an established and reliable company when you look at the payday lending and check cashing industry,” said Dan O’Malley, MoneyGram’s professional vice president associated with Americas and appearing areas. “Additions like QC Holdings give MoneyGram a proven amount and income quick loans in New Hampshire base from where to create in, plus they’ve been our most readily useful product sales device. Their impact and client base is a complement that is strategic MoneyGram’s community.”
QC Holdings, Inc. joins Mid-State Ventures, LLC d/b/a Friendly Check Cashing and Rite Check Cashing, Inc., that also joined up with MoneyGram early in the day this year after long associations (15 years and 40 years, correspondingly) with a money transfer company that is competing. MoneyGram’s representative system also incorporates Advance America, ACE money Express and Speedy money.
A leading money transfer company, enables consumers who are not fully served by traditional financial institutions to meet their financial needs about MoneyGram International MoneyGram International. MoneyGram provides bill repayment solutions in the usa and Canada and cash transfer services all over the world through an international system of greater than 244,000 agent locations—including merchants, worldwide post workplaces and monetary institutions—in 192 nations and regions. To find out more about money transfer or bill payment at a representative location or on the web, please visit www.moneygram.com or relate to us on Facebook.
About QC Holdings, Inc. Headquartered in Overland Park, Kansas, QC Holdings, Inc. is a provider that is leading of loans in the us, 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 business runs five automotive dealerships into the Kansas City area that is metropolitan. During financial 2010, the ongoing business advanced level roughly $1.0 billion to clients and reported total profits of $188.1 million.
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