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 worldwide community and re payment solutions. QC Holdings, Inc., among the country’s leading payday loan providers, this week began rolling away MoneyGram (NYSE:MGI) services at a lot more than 300 of their retail places after significantly more than a 20-year affiliation with a leading competitor.

“we have been worked up about our brand new relationship with MoneyGram. Its strong network that is global technology solutions will deliver excellent value to your consumers also to our business,” stated Darrin Andersen, QC Holdings’ president.

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

“we’re delighted to possess attained ecommerce, as QC Holdings is a well established and reliable company when you look at the payday lending and check cashing industry,” stated Dan O’Malley, MoneyGram’s executive vice president associated with Americas and appearing markets. “Additions like QC Holdings give MoneyGram a recognised amount and income base from where to create in, plus they truly are our most useful product product product sales device. Their impact and client base is just a complement that is strategic MoneyGram’s community.”

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 earlier in the day this year after long associations ( fifteen 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.

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 provides bill re re payment services in america and Canada and cash transfer services around the world through an international community greater than 244,000 agent locations–including retailers, worldwide post workplaces and economic institutions–in 192 countries and territories. To understand more about money transfer or bill re re re payment at a realtor location or online, please visit or relate genuinely to us on Facebook.

About QC Holdings, Inc. Headquartered in Overland Park, Kansas, QC Holdings, Inc. is just 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 metropolitan area. During financial 2010, the business advanced level about $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 additionally froze the defendants’ assets, pending further court proceedings. Included in its continuing efforts to safeguard economically visit their site strapped customers throughout the downturn in the economy, the FTC seeks to forever stop the unlawful techniques and work out the defendants reimbursement customers’ cash.

In line with the FTC’s problem , the defendants’ 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 associated with the form, the defendants offered unrelated “Direct Benefits” and “Voice Net” programs for meals, travel and product discounts, or even for cross country calling and online access. 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 individuals who declined the offers were 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 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 re payments just once they contacted their bank or saw an on-line content associated with re re re re payment purchase. Customers whom called the defendants for a reimbursement usually 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 records without their permission, and failing continually to acceptably disclose that, as well as utilizing consumers’ economic information for a 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 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 for the center District of Florida.

NOTE: The Commission files a grievance whenever this has “reason to trust” that what the law states was or perhaps is being violated, also it seems to the Commission that the proceeding is within the general public interest. The problem just isn’t a finding or ruling that the defendant has really violated regulations. The scenario shall be determined by the court.