Employees across 23 states whom use check cashing services is now able to additionally deliver cash, settle payments or purchase a cash purchase in one location that is convenient utilizing MoneyGram’s vast worldwide community and repayment services. QC Holdings, Inc., certainly one of the nation’s leading payday loan providers, this week began rolling away MoneyGram (NYSE:MGI) services at a lot more than 300 of their retail places after significantly more than a 20-year affiliation with a leading competitor.
“We are stoked up about our brand new relationship with MoneyGram. Its strong worldwide community and technology solutions will deliver excellent value to the consumers and also to our business,” said Darrin Andersen, QC Holdings’ president.
QC Holdings operates shops in 23 states, with all the presence that is strongest in cash payday advance loan Vermont Ca, Missouri and sc. The company’s main customer brands are Quik money and National Quik money, however the business also contains Ca Budget Finance, Express Check Advance of sc, First Payday Loans, QC Finance and AutoStart United States Of America.
“We are delighted to possess gained this business, as QC Holdings is a well established and reputable company when you look at the lending that is payday check cashing industry,” said Dan O’Malley, MoneyGram’s administrator vice president associated with the Americas and appearing areas. “Additions like QC Holdings give MoneyGram an existing volume and income base from where to create in, plus these are typically our most useful product sales device. Their impact and client base is a strategic complement to MoneyGram’s community.”
QC Holdings, Inc. joins Mid-State Ventures, LLC d/b/a Friendly always check Cashing and Rite Check Cashing, Inc., that also joined up with MoneyGram previously this year after long associations (15 years and 40 years, correspondingly) with a competing cash transfer business. MoneyGram’s representative system comes with Advance America, ACE money Express and Speedy Cash.
A leading money transfer company, enables consumers who are not fully served by traditional financial institutions to meet their financial needs about MoneyGram International MoneyGram International. MoneyGram provides bill repayment solutions in the usa and Canada and cash transfer services globally through an international system in excess of 244,000 agent locations—including stores, worldwide post workplaces and economic institutions—in 192 countries and regions. To find out more about money bill or transfer repayment at a representative location or on the web, please visit www.moneygram.com or relate genuinely to us on Facebook.
About QC Holdings, Inc. Headquartered in Overland Park, Kansas, QC Holdings, Inc. is a provider that is leading of loans in america, operating 499 branches in 23 states. The company entered the short-term loan market in 1992 and, since 1998, has grown from 48 branches to 499 branches through a combination of de novo branch openings and acquisitions with more than 25 years of operating experience in the retail consumer finance industry. In addition, the organization runs five automotive dealerships when you look at the Kansas City metropolitan area. During financial 2010, the business advanced level about $1.0 billion to clients and reported total profits of $188.1 million.
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