The benefits of money transfers by MoneyGram: there is no need to open a checking account when implementing the transfer. MoneyGram wired transfer implemented many changes to its technology platforms designed to prevent or detect suspicious transactions. 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. MoneyGram completed the acquisition of MoneyCard World Express, S.A. (MoneyCard) and Cambios Sol, S.A., two money transfer super-agents located in Spain. Until 2004, the owners of MoneyGram were Viad Corp and Travelers Express Company Inc. Money transfer wired system MoneyGram offers annually U.S. $ 500,000 in grants to charitable organizations to support education programs in developing countries. MoneyGram financial results were driven by money transfer business, which delivered more than 40 percent growth in transaction volume.