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


Information Release Details Our company is worked 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 additionally deliver cash, settle payments or buy cash purchase in one convenient location, utilizing MoneyGram’s vast international community and re re re re payment solutions. 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’re stoked up about our relationship that is new with. Its strong network that is global technology solutions will deliver exemplary value to the customers also to our business," stated Darrin Andersen, QC Holdings’ president.

QC payday loans CT 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 ongoing 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 received ecommerce, as QC Holdings is an founded and reliable company within 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 sales device. Their impact and client base is a complement that is strategic 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) by having a money transfer company that is competing. MoneyGram’s representative community also incorporates Advance America, ACE money Express and Speedy money.

About MoneyGram Overseas MoneyGram Global, a prominent cash transfer business, allows customers that are maybe not completely offered by old-fashioned banking institutions to generally meet their monetary requirements. MoneyGram provides bill payment solutions in the us and Canada and cash transfer services around the world through a worldwide community of greater than 244,000 agent locations–including retailers, worldwide post workplaces and economic institutions–in 192 nations and territories. To understand more about money transfer or bill payment at a realtor location or online, http 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 number one provider of short-term loans in america, operating 499 branches in 23 states. With over 25 many years of running expertise in the retail customer finance industry, the business joined the short-term loan market in 1992 and, since 1998, has exploded from 48 branches to 499 branches through a mixture of de novo branch spaces and purchases. In addition, the organization 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.

A federal court has halted an online operation that allegedly debited consumers’ bank accounts without their consent when consumers visited the defendants’ websites seeking payday loans at the request of the Federal Trade Commission. The court also froze the defendants’ assets, pending court that is further. The FTC seeks to permanently stop the illegal practices and make the defendants refund consumers’ money as part of its continuing efforts to protect financially strapped consumers during the economic downturn.

In line with the FTC’s grievance , the defendants’ internet sites, such as mypaydayangel.com and juniperloans.com, expected for customers’ individual and information that is financial such as for example social safety, motorist permit, and banking account figures. Nearby the end regarding the application, the defendants offered unrelated “Direct Benefits" and “Voice Net" programs for meals, travel and product discounts, or even for cross country calling and Web access. Numerous customers whom clicked to “submit" a payday application for the loan had been enrolled unknowingly in to the programs, which initially charged their bank reports as much as $59.90 each month, and later charged as much as $99.90 each year. Customers frequently failed to spot the scheduled program provides, plus some individuals who declined the provides had been charged for the programs anyhow, the FTC alleged.

As alleged within the problem, the defendants sent customers’ banking account information to Landmark Clearing Inc. as well as other repayment processors to electronically produce remotely created payment orders that debited consumers’ bank reports. Customers typically found the issue whenever a debit that is unexpected on the 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 once they contacted their bank or saw an on-line content regarding the re re re re payment purchase. Customers whom called the defendants for a reimbursement frequently got the run-around. Numerous customers needed to dispute the deal or shut their bank reports to obtain a reimbursement or stop the defendants from debiting their reports.

The defendants are faced with breaking the FTC Act by acquiring customers’ banking account information and debiting their records without their permission, and failing woefully 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 grievance names Direct pros Group LLC, additionally working as Direct pros Online and Unified Savings; Voice web 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 grievance had been 5-0. The problem had been filed within the U.S. District Court when it comes to center District of Florida.

NOTE: The Commission files a grievance whenever this has “reason to think" that what the law states is or perhaps is being violated, plus it seems to the Commission that the proceeding is within the general public interest. The problem 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.