If MoneyGram money transfer, for some reason has not been received by the addressee, the sender will receive a refund. 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. MoneyGram agents are located - in post offices, bank offices, supermarkets, and even travel agencies. 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 completed the rollout of simplified pricing for money transfer services in the U.S., an initiative that began last year.