Low-cost technologies have allowed Coinstar Money Transfer to lower the cost of transfers. Coinstar Money Transfer System works via the Internet, as opposed to Western Union and MoneyGram, which for the money transfers information are using their own internal networks. Money transfers via Coinstar Money Transfer are made in U.S. dollars and Euro, without opening an account to the Client. Today "Coinstar Money Transfer" is recognized as the third system of remittances in the world in terms of network of agents and the number of participating countries. On June 1, 2007 the system "Travelex Money Transfer" has been changed its name to "Coinstar Money Transfer".