The benefits of money transfers by MoneyGram: payment of commission is only at the expense of sender. 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. In due time MoneyGram separated from the Western Union and became an independent brand. AgentConnect allows MoneyGram agents to integrate the money transfer service with their internal security and training processes. MoneyGram completed the acquisition of MoneyCard World Express, S.A. (MoneyCard) and Cambios Sol, S.A., two money transfer super-agents located in Spain. The benefits of money transfers by MoneyGram: there is no need to open a checking account when implementing the transfer. Last year, MoneyGram business in the CIS and Eastern Europe took priority positions to increase the number of branches in comparison with other regions - were opened new four thousand branches. MoneyGram's total revenue for the 2nd quarter of 2012 was $ 330.1 million, having been increased on 7% compared to $ 310 million in Q2 2011.
In due time MoneyGram separated from the Western Union and became an independent brand. AgentConnect allows MoneyGram agents to integrate the money transfer service with their internal security and training processes. 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.