Information Release Details Our company is stoked up about our brand new relationship with MoneyGram. Its strong net that is global

Information Release Details Our company is stoked up about our brand new relationship with MoneyGram. Its strong net that is global

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

“Our company is stoked up about our brand new relationship with MoneyGram. Its strong network that is global technology solutions will deliver excellent value to the customers also to our business,” stated Darrin Andersen, QC Holdings’ president.

QC Holdings runs shops in 23 states, because of the strongest existence in Ca, Missouri and sc. The business’s main customer brands are Quik money and National Quik money, however the business comes with Ca Budget Finance, Express Check Advance of sc, First Payday Loans, QC Finance and AutoStart United States Of America.

“we have been delighted to own received ecommerce, as QC Holdings is an founded and reliable company within the payday lending and check cashing industry,” stated Dan O’Malley, MoneyGram’s executive vice president associated with Americas and appearing areas. “Additions like QC Holdings give MoneyGram an existing amount and revenue base from where to create in, plus they’ve been our most useful product product product product sales device. Their impact and client base is just a strategic complement to MoneyGram’s community.”

QC Holdings, Inc. joins Mid-State Ventures, LLC d/b/a Friendly always always always always Check Cashing and Rite Check Cashing, Inc., that also joined up with MoneyGram earlier in the day this year after long associations ( 15 years and 40 years, correspondingly) by having a money transfer company that is competing. MoneyGram’s representative system also contains Advance America, ACE money Express and Speedy money.

About MoneyGram Global MoneyGram Global, a respected cash transfer business, allows customers who aren’t completely offered by old-fashioned banking institutions to meet up their monetary requirements. MoneyGram provides bill re re re re payment solutions in the us and Canada and cash transfer services globally through an international community in excess of 244,000 agent locations–including retailers, worldwide post workplaces and economic institutions–in 192 nations and territories. To master more about money transfer or bill re re payment at a realtor location or online, please visit or relate to us on Facebook.

About QC Holdings, Inc. Headquartered in Overland Park, Kansas, QC Holdings, Inc. is just a number one provider of short-term loans in the us, 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 roughly $1.0 billion to clients and reported total profits of $188.1 million.

In the demand for the Federal Trade Commission, a federal court has halted an on-line procedure that presumably debited customers’ bank records without their permission whenever customers visited the defendants’ internet sites searching for payday advances. The court additionally froze the defendants’ assets, pending court that is further. As an element of its continuing efforts to safeguard economically strapped customers throughout the economic depression, the FTC seeks to forever stop the unlawful techniques and also make the defendants reimbursement customers’ cash.

In line with the FTC’s grievance , the defendants’ web sites, such as and, expected for customers’ individual and monetary information, such as for example social protection, motorist permit, and banking account figures. The defendants offered unrelated “Direct Benefits” and “Voice Net” programs for food, travel and merchandise discounts, or for long distance calling and Internet access near the end of the application form. Numerous customers whom clicked to “submit” a payday application for the loan had been enrolled unknowingly to the programs, which initially charged their bank reports as much as $59.90 every month, and later charged as much as $99.90 each year. Customers frequently would not spot the program provides, plus some those who declined the provides had been charged when it comes to programs anyhow, the FTC alleged.

The defendants sent consumers’ bank account information to Landmark Clearing Inc. and other payment processors to electronically generate remotely created payment orders that debited consumers’ bank accounts as alleged in the complaint. Customers typically found the issue whenever a unanticipated debit showed up to their bank declaration, or whenever their bank told them their account was overdrawn. They learned that Direct pros or Voice web received the re re re payments just when they contacted their bank or saw a copy that is online of re re payment purchase. Customers whom called the defendants for the reimbursement frequently got the run-around. Numerous customers needed to dispute the deal or shut their bank records to have a reimbursement or stop the defendants from debiting their records.

The defendants are faced with breaking the FTC Act by acquiring customers’ bank-account information and debiting their reports without their permission, and neglecting to acceptably disclose that, as well as utilizing customers’ monetary information for a loan that is payday, they might make use of it to charge customers for enrollment in unrelated programs and solutions.

The FTC problem names Direct pros Group LLC, additionally conducting business as Direct pros Online and Unified Savings; Voice internet Global LLC, additionally conducting business as Thrifty Dial; Solid Core possibilities Inc.; WKMS Inc.; Kyle Wood; and Mark Berry.

The Commission vote authorizing the employees to register the issue ended up being 5-0. The issue ended up being filed within the U.S. District Court when it comes to center District of Florida.

NOTE: The Commission files a problem whenever it offers “reason to think” that what the law states happens to be or perhaps is being violated, also it seems to the Commission that the proceeding is within the general public interest. The issue just isn’t a ruling or finding that the defendant has really violated what the law states. The actual situation will be determined by the court.