Money transfers via MoneyGram system can be used as by bank customers, and by people who do not have bank accounts. MoneyGram's total revenue for the 2nd quarter of 2012 was $ 330.1 million, having been increased on 7% compared to $ 310 million in Q2 2011. FormFreeSM phone-based offering allows businesses to reduce labor costs and create an excellent consumer experience by leveraging MoneyGram The benefits of money transfers by MoneyGram: high-speed delivery of transfers (10-15 min). MoneyGram financial results were driven by money transfer business, which delivered more than 40 percent growth in transaction volume.