Technology continues to play a key role in increasing MoneyGram transaction speed, automating and streamlining processes, and creating new functionality. MoneyGram - is an urgent money transfer by means of wired transfer around the world without opening a bank account. 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. Today the company MoneyGram International - an independent U.S. company, whose shares are traded on the New York Stock Exchange and MoneyGram money transfer is considered one of the largest international money transfer systems without opening a bank account. The Global Funds Transfer segment is the primary segment of MoneyGram, providing money transfer and bill payment services to consumers, who are often unbanked or underbanked.