Money transfers via MoneyGram system can be used as by bank customers, and by people who do not have bank accounts. 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. The benefits of money transfers by MoneyGram: high level of data protection and confidentiality of money transfers. MoneyGram offers an efficient, fast and secure way to send money around the world. Thousands of businesses count on MoneyGram for payment services to move money and drive commerce. This is a trust that MoneyGram takes very seriously.