MoneyGram Announces Multi-Year Agreement With ACE Cash Express

MoneyGram International announced that ACE Cash Express has agreed to a multi-year extension of its contract to offer MoneyGram payment services at its locations across the U.S. ACE’s contract, which includes MoneyGram’s money transfer, ExpressPayment and money order services, would have expired at the end of 2009.

Texas-based ACE, is the country’s largest check cashing company. It first offered MoneyGram’s money transfer service in 1989. The company is MoneyGram’s second largest money transfer agent, in terms of transaction volume.