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Leading Payday Lender QC Holdings, Inc. Helps Make the Change To MoneyGram

DALLAS, Oct 31, 2011 (BUSINESS CABLE) — employees across 23 states whom use check cashing services is now able to additionally deliver cash, settle payments or buy cash purchase from a single convenient location, utilizing MoneyGram’s vast international community and re re re payment services. QC Holdings, Inc., one of many country’s leading payday loan providers, this week began rolling away MoneyGram (NYSE:MGI) services at significantly more than 300 of the retail places after significantly more than a 20-year affiliation with a leading competitor.

“we have been worked up about our brand new relationship with MoneyGram. Its strong worldwide community and technology solutions will deliver excellent value to your customers also to our business,” stated Darrin Andersen, QC Holdings’ president.

QC Holdings runs shops in 23 states, using the strongest existence in Ca, Missouri and sc. The business’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 have been delighted to possess acquired ecommerce, as QC Holdings is an founded and reliable company when you look at the lending that is payday check cashing industry,” stated Dan O’Malley, MoneyGram’s executive vice president for the Americas and appearing areas. “Additions like QC Holdings give MoneyGram a proven amount and income base from where to create in, plus these are typically our most useful product product product sales device. Their impact and client base is just a complement that is strategic MoneyGram’s system click this over here now.”

QC Holdings, Inc. joins Mid-State Ventures, LLC d/b/a Friendly always always Check Cashing and Rite Check Cashing, Inc., that also joined MoneyGram earlier in the day this year after long associations ( fifteen years and 40 years, correspondingly) by having a money transfer company that is competing. MoneyGram’s representative community comes with Advance America, ACE money Express and Speedy money.

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 re re payment solutions in the us and Canada and cash transfer services around the world through an international system greater than 244,000 agent locations–including retailers, worldwide post workplaces and economic institutions–in 192 nations and regions. For more information on money bill or transfer re re re payment at a real estate agent location or on line, please visitr interact with us on Facebook.

About QC Holdings, Inc. Headquartered in Overland Park, Kansas, QC Holdings, Inc. is a respected provider of short-term 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 business runs five automotive dealerships when you look at the Kansas City metropolitan area. During financial 2010, the ongoing business advanced level roughly $1.0 billion to clients and reported total profits of $188.1 million.