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 in one convenient location, making use of MoneyGram’s vast international system and 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 its retail places after significantly more than a 20-year affiliation having a leading competitor.
“we’re stoked up about our brand new relationship with MoneyGram. Its strong network that is global technology solutions will deliver exemplary value to your customers also to our business,” stated Darrin Andersen, QC Holdings’ president.
QC Holdings runs shops in 23 states, utilizing the presence that is strongest in Ca, Missouri and sc. The business’s main consumer 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.
“Our company is delighted to own gained ecommerce, as QC Holdings is a well founded and reputable company when you look at the lending that is payday check cashing industry,” stated Dan O’Malley, MoneyGram’s executive vice president regarding the Americas and appearing areas. “Additions like QC Holdings give MoneyGram a recognised amount and income base from where to create in, plus they have been our most useful product product product sales device. Their impact and client base is really a complement that is strategic MoneyGram’s system.”
QC Holdings, Inc. joins Mid-State Ventures, LLC d/b/a Friendly always always Check Cashing and Rite Check Cashing, Inc., that also joined up with MoneyGram early in the day this year after long associations ( 15 years and 40 years, correspondingly) with a contending cash transfer business. MoneyGram’s representative system also incorporates Advance America, ACE money Express and Speedy money.
About MoneyGram Overseas MoneyGram Global, a respected cash transfer business, allows customers who’re perhaps not completely offered by conventional finance institutions to meet up their monetary requirements. MoneyGram provides bill re re payment solutions in the us and Canada and cash transfer services globally through an international community greater than 244,000 agent locations–including retailers, worldwide post workplaces and economic institutions–in 192 nations and regions. To master more about money transfer or bill re re payment at a representative location or online, http please visit://www.moneygram.com or relate with 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 usa, 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 ongoing business advanced level about $1.0 billion to clients and reported total profits of $188.1 million.
During the demand of this Federal Trade Commission, a federal court has halted an internet procedure that presumably debited customers’ bank reports without their permission whenever customers visited the defendants’ sites searching for payday advances. The court additionally 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 problem , the defendants’ sites, such as juniperloans.com and mypaydayangel.com, expected for customers’ individual and economic information, such as for example social protection, motorist permit, and bank 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 loan that is payday 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 usually would not spot the program provides, plus some individuals who declined the provides had been charged for the programs anyhow, the FTC alleged.
As alleged into the problem, the defendants delivered customers’ banking account information to Landmark Clearing Inc. as well as other repayment processors to electronically produce online payday IL 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 when they contacted their bank or saw an on-line content for the 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 records getting a reimbursement or stop the defendants from debiting their reports.
The defendants are faced with breaking the FTC Act by acquiring customers’ bank-account information and debiting their records without their permission, and neglecting to acceptably disclose that, as well as utilizing customers’ monetary information for the payday application for the loan, they might utilize it to charge customers for enrollment in unrelated programs and solutions.
The FTC issue names Direct pros Group LLC, additionally conducting business 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 file the grievance ended up being 5-0. The grievance ended up being filed when you look at the U.S. District Court when it comes to Middle District of Florida.
NOTE: The Commission files a problem whenever this has “reason to think” that what the law states is or perhaps is being violated, plus it generally seems to the Commission that a proceeding is within the interest that is public. The issue just isn’t a choosing or ruling that the defendant has really violated what the law states. The way it is will be determined because of the court.