The benefits of money transfers by MoneyGram: there is no need to open a checking account when implementing the transfer. In due time MoneyGram separated from the Western Union and became an independent brand. As part of the 2008 Recapitalization, our wholly owned subsidiary, MoneyGram Payment Systems Worldwide, Inc., issued Goldman Sachs $500.0 million of senior secured second lien notes with a 10-year maturity. The benefits of money transfers by MoneyGram: high-speed delivery of transfers (10-15 min). MoneyGram point-of-sale systems are continually upgraded to provide the latest new products and functionality.