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. MoneyGram offers an efficient, fast and secure way to send money around the world. The benefits of money transfers by MoneyGram: high-speed delivery of transfers (10-15 min). In March 2012, the company MoneyGram merged with the network of U.S. payment centers ZipZap.