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

Employees across 23 states whom use check cashing services are now able to additionally send cash, settle payments or purchase a cash purchase from 1 convenient location, utilizing MoneyGram’s vast worldwide system and payment solutions. 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 the retail places after a lot more than a 20-year affiliation with a leading competitor.

“We are worked up about our brand new relationship with MoneyGram. Its strong international community and technology solutions will deliver excellent value to the customers and also to our borrow money now Arkansas business,” said Darrin Andersen, QC Holdings’ president.

QC Holdings runs shops in 23 states, aided by the presence that is strongest in Ca, Missouri and sc. The company’s main customer brands are Quik money and National Quik money, nevertheless 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 own made ecommerce, as QC Holdings is an established and reliable company within the payday lending and check cashing industry,” said Dan O’Malley, MoneyGram’s professional vice president associated with Americas and appearing areas. “Additions like QC Holdings give MoneyGram a recognised volume and income base from where to create in, plus they have been our most readily useful product sales device. Their impact and client base is a strategic complement to MoneyGram’s system.”

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 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 offers bill payment solutions in america and Canada and cash transfer services globally through a worldwide system in excess of 244,000 agent locations—including stores, worldwide post workplaces and economic institutions—in 192 nations and regions. For more information on money bill or transfer repayment at a real estate agent location or on the web, please visit www.moneygram.com or connect 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 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 into the Kansas City area that is metropolitan. During financial 2010, the company advanced level roughly $1.0 billion to clients and reported total profits of $188.1 million.

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