2003 Press Releases

Travelers Express Announces Extended Money Order Agreement With ACE Cash Express
MINNEAPOLIS, Minn., Oct. 30, 2003 --- Travelers Express Company, Inc., announced today that ACE Cash Express, Inc., (NASDAQ:AACE) has extended its money order agreement with Travelers Express for four more years through Dec. 31, 2007. ACE will continue to exclusively offer Travelers Express money orders at ACE's stores, providing ACE customers with consistent, quality money order services.

Albertsons Selects Travelers Express/MoneyGram's Payment Services Package For Its Grocery Stores
MINNEAPOLIS, Minn., Aug. 29, 2003 - Travelers Express Company, Inc., announced today that Albertsons, Inc., (NYSE:ABS) has selected a package of Travelers Express/MoneyGram payment services for Albertsons grocery stores across the U.S. The agreement includes new technology that will streamline delivery of service and speed up customer service lines at store locations.

MoneyGram "Win A House for Mom" Sweepstakes Rules

Bank Danamon Extends Services In Cooperation With MoneyGram
JAKARTA, JULY 1, 2003 - Bank Danamon today announced the extension of its MoneyGramî money transfer services in cooperation with MoneyGram Payment Systems, Inc. and its London-based subsidiary, MoneyGram International Limited (MIL). MoneyGram is one of the leading money transfer companies in the world. The new service was announced in a joint press conference held on Tuesday, July 1 at the headquarters of Bank Danamon. Prasetio, director of Bank Danamon, and John Hempsey, chief executive officer of MIL, affirmed their commitment to develop MoneyGram business in Indonesia.

MoneyGram Introduces Simple, Value Pricing to South Asia
LAKEWOOD, Colo., June 30, 2003 - MoneyGram Payment Systems, Inc., introduced simple, value pricing on June 28 for money transfers sent from the U.S. and Canada to India, Bangladesh, Pakistan, Sri Lanka and Nepal. The new pricing extends MoneyGram's commitment to providing people with affordable, reliable and convenient money transfer service worldwide.

MoneyGram Introduces Simple, Value Pricing to Asia
LAKEWOOD, Colo., June 30, 2003 - MoneyGram Payment Systems, Inc., introduced simple, value pricing on June 28 for money transfers sent from the U.S. and Canada to China, Hong Kong and Taiwan. The new pricing extends MoneyGram's commitment to providing people with affordable, reliable and convenient money transfer service worldwide.

John Hempsey Will Lead MoneyGram's International Operation
Minneapolis, Minn., May 12, 2003 --- John Hempsey has been named chief executive officer of London-based MoneyGram International Limited (MIL), the international marketing arm of MoneyGram Payment Systems, Inc. MIL has employees across Europe, Asia Pacific, Africa, the Middle East and the Indian subcontinent.

MoneyGram's Agreement With Banco del Ahorro Nacional y Servicios Financieros (Bansefi) Will Increase Company's Money Transfer Locations In Rural Mexico
Lakewood, Colo., April 4, 2003 - MoneyGram Payment Systems, Inc., announced today that Banco del Ahorro Nacional y Servicios Financieros (Bansefi), a large savings and loan institution in Mexico, has agreed to provide MoneyGram money transfer service at 1,000 locations throughout that country. MoneyGram begins rolling out service this week.

Travelers Express/MoneyGram of New York Announces Scholarship Fund for NYC Hispanic Youth
New York, NY --- Feb. 11, 2003 --- Representatives of Travelers Express/MoneyGram of New York (TEMGNY) announced today the creation of the Hispanic Youth Leadership Scholarship Fund. The fund, which was established in collaboration with the New York Board of Education, will award its first scholarships in May.

MoneyGram Acquires Travelex Group's Interest in Joint Venture
Lakewood, Colo., Jan. 17, 2003 --- MoneyGram Payment Systems, Inc., a subsidiary of Travelers Express Company, Inc., announced today that one of its subsidiaries has acquired the Travelex Group's 49 percent interest in MoneyGram International Limited (MIL), a London-based joint venture owned by the two companies. The acquisition gives U.S.-based MoneyGram total ownership of MIL, which has operated as its international sales and marketing arm in Europe, Africa, Asia and Australia. All MIL functions will immediately be blended into MoneyGram's Global Funds Transfer Group.