MoneyGram International, one of the leaders in the market of international money transfers, announced about its entering the market of Bosnia and Herzegovina, started cooperation with the country's largest bank Nova Bank. Money transfers via MoneyGram system can be used as by bank customers, and by people who do not have bank accounts. FormFreeSM phone-based offering allows businesses to reduce labor costs and create an excellent consumer experience by leveraging MoneyGram MoneyGram hired compliance officers in many of their global offices to ensure compliance with regulations of specific countries or regions. 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. Millions of families depend on MoneyGram to safely send money home or pay the bills. MoneyGram completed the rollout of simplified pricing for money transfer services in the U.S., an initiative that began last year.