Money transfer system MoneyGram International and the second largest bank in China - Bank of China, announced the start of service of MoneyGram at 200 offices Bank of China in Beijing. Money transfers via MoneyGram system can be used as by bank customers, and by people who do not have bank accounts. AgentConnect allows MoneyGram agents to integrate the money transfer service with their internal security and training processes. Despite the debt crisis in Europe and other shocks experienced by the world economy, the company MoneyGram International notes the increase in the money transfer market. 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 hired compliance officers in many of their global offices to ensure compliance with regulations of specific countries or regions. Until 2004, the owners of MoneyGram were Viad Corp and Travelers Express Company Inc. Millions of families depend on MoneyGram to safely send money home or pay the bills. MoneyGram financial results were driven by money transfer business, which delivered more than 40 percent growth in transaction volume.