Subsidiary | MoneyGram International, Inc. |
Parent | Travelers Express Co., Inc. |
Start Date | 1998-06-00 |
End Date | 2004-00-00 |
Notes | In June 1998 Travelers Express paid $287 million to acquire MoneyGram Payment Systems Inc., a nonbank provider of consumer wire-transfer services, which complemented Travelers Express's money order business. In 2004, then-owner Viad Corp. spun off Travelers Express as an independent company called MoneyGram International. |