On March 7, 2011, MoneyGram entered into a Recapitalization Agreement with THL, as the holder of all of the B Stock, and Goldman Sachs, as the holder of all of the B-1 Stock. The benefits of money transfers by MoneyGram: there is no need to open a checking account when implementing the transfer. The benefits of money transfers by MoneyGram: no fixup (the recipient may request payment at any MoneyGram agent in the country of receiving). In due time MoneyGram separated from the Western Union and became an independent brand. Bank services of MoneyGram on money transfer are available only to individuals. FormFreeSM phone-based offering allows businesses to reduce labor costs and create an excellent consumer experience by leveraging MoneyGram Millions of families depend on MoneyGram to safely send money home or pay the bills. Today, MoneyGram - is the second world leader by the growth of money transfers between individuals and the dynamics of international network services. MoneyGram financial results were driven by money transfer business, which delivered more than 40 percent growth in transaction volume.