MoneyGram International today announced that the company has signed an agreement with Massachusetts-based Cumberland Farms to launch the first locations of the MoneyGram® Xpress service. This new in-lane money transfer service allows consumers to purchase pre-packaged money transfers in $50, $100 and $200 denominations and redeem them online or by telephone to complete the transaction. Cumberland Farms has almost 600 convenience stores in 11 states throughout New England, the Northeast and Florida.
“Cumberland Farms’ focus on convenience and giving great customer service mirrors the values of MoneyGram,” said Stu Kiefer, MoneyGram vice president of product management. “The company’s 50-year history of providing its customers with quality products and services and its network of stores makes Cumberland Farms a perfect venue for our MoneyGram® Xpress service.”
According to Bob Skiba, InComm executive vice president, the new MoneyGram Xpress prepaid money transfers allow consumers to pay for the transfer amount and fees at the same time as they make other retail purchases, and then actually make the transfer when convenient for them – online or by phone. Consumers using the service can send money to any MoneyGram agent location around the world. “MoneyGram Xpress broadens ways to access money transfer services, and – for many consumers – assists with time and money management,” Skiba said.
According to Kiefer, the InComm partnership gives MoneyGram the opportunity to take this product to 19 countries and 250,000 unique retailer doors.
Cumberland Farms Category Manager Mike Esposito added, “As the newest agent for MoneyGram, we look forward to marketing this safe, efficient, and cost-effective money transfer service to our loyal base of customers. We fully expect this innovative MoneyGram Xpress service to appeal to our customers throughout the regions where we operate.”
Cumberland Farms today opened the application period for its sixth annual Believe and Achieve Scholarship program.
High school seniors living within 30 miles of a Cumberland Farms location and planning to attend college next fall are eligible to receive a scholarship of $1,000. The application period closes December 15.
"It is important that we support educational opportunities for young people "said President of Cumberland Farms Retail Division Ari Haseotes. "The Believe and Achieve scholarship is our investment to the next generation of community leaders.
Since its inception, Cumberland Farms has awarded more than $500,000 to talented and ambitious high school graduates across its service area. With the help of the scholarship, students offset a variety of expenses, including tuition, books, and room and board. Interested students can learn more about the scholarship rules and apply directly at https://cumberlandfarms.scholarshipamerica.org/index.html .