Due to regulatory requirements and consumer demand in Germany and France, MoneyGram opened company stores in both countries. Money transfer system MoneyGram International and the second largest bank in China - Bank of China, announced the start of service of MoneyGram at 200 offices Bank of China in Beijing. MoneyGram wired transfer implemented many changes to its technology platforms designed to prevent or detect suspicious transactions. For the recipient MoneyGram service of wired transfer is free. All expenses will be paid by the sender at the time of sending money. Until 2004, the owners of MoneyGram were Viad Corp and Travelers Express Company Inc.