The benefits of money transfers by MoneyGram: there is no need to open a checking account when implementing the transfer. Wired money transfer system MoneyGram is no longer new to us. According to statistics, every 4th person knows about it, or at least heard. After the correction of tariffs, volumes of MoneyGram transfers increased by 30%. Since going public two and a half years ago, MoneyGram has made great strides by pouring energy and resources into several critically important areas for business. Around the world, MoneyGram is working with leading financial institutions. The main clients of MoneyGram are students, travelers, immigrants, expatriates, however, recently representatives of businesses who appreciate the advantages of fast and reliable money transfer, joined them. MoneyGram launched a new in-person bill payment service which will be delivered through agents in their domestic network, giving consumers an easy, low-cost method to pay their bills. Last year, MoneyGram business in the CIS and Eastern Europe took priority positions to increase the number of branches in comparison with other regions - were opened new four thousand branches. Until 2004, the owners of MoneyGram were Viad Corp and Travelers Express Company Inc. MoneyGram financial results were driven by money transfer business, which delivered more than 40 percent growth in transaction volume.