Due to regulatory requirements and consumer demand in Germany and France, MoneyGram opened company stores in both countries. MoneyGram cooperates with numerous partners from Europe. Among them such financial establishments as Post of Canada, Cyprus, Ukraine, Iceland, Moldova, the Royal Mail of UK and Norway, Italian Post, Bank of Ireland, Sberbank of Russia, Kocbank, Banco Popular Espanol, and many others. Since going public two and a half years ago, MoneyGram has made great strides by pouring energy and resources into several critically important areas for business. The company continues to automate and enhance MoneyGram MoneyGram point-of-sale systems are continually upgraded to provide the latest new products and functionality. Thousands of businesses count on MoneyGram for payment services to move money and drive commerce. This is a trust that MoneyGram takes very seriously. Commission income on remittances and other revenues of MoneyGram in the 2nd quarter 2012 increased by 10% compared to the same period last year and 13% in the base currency.