International company MoneyGram has expanded its service capabilities of online money transfers to UK residents. When sending the transfer via MoneyGram in one currency and receiving it in another, then currency conversion is carried out at the current rate of sales of current service point. In due time MoneyGram separated from the Western Union and became an independent brand. In 2011, a global network of agents of MoneyGram has grown up to 256 000 service points, thus its growth is 24% compared to the same period of the previous year. Around the world, MoneyGram is working with leading financial institutions. MoneyGram's consumers and agents expect reliability and safety and that is precisely what MoneyGram continues to deliver, transaction by transaction. The benefits of money transfers by MoneyGram: the payment of transfers is made in cash. Until 2004, the owners of MoneyGram were Viad Corp and Travelers Express Company Inc. MoneyGram completed the rollout of simplified pricing for money transfer services in the U.S., an initiative that began last year.