DALLAS, Oct 31, 2011 (BUSINESS CABLE) — Workers across 23 states who 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 international community and re re payment services. 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 the retail places after significantly more than a 20-year affiliation by having a leading competitor.
“Our company is worked up about our relationship that is new with. Its strong worldwide system and technology solutions will deliver exemplary value to the customers also to our business,” stated Darrin Andersen, QC Holdings’ president.
QC Holdings runs shops in 23 states, aided by the presence that is strongest in Ca, Missouri and sc. The business’s main customer brands are Quik money and National Quik money, nevertheless the ongoing business comes with 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 into the lending that is payday check cashing industry,” stated Dan O’Malley, MoneyGram’s executive vice president associated with Americas and appearing areas. “Additions like QC Holdings give MoneyGram a recognised amount and income base from where to create in, plus they’ve been our most useful 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 earlier in the day this year after long associations ( 15 years and 40 years, correspondingly) having a contending cash transfer business. MoneyGram’s representative community also contains Advance America, ACE money Express and Speedy money.
A www.installment-loans.org/payday-loans-sc/ 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 re payment solutions in the us and Canada and cash transfer services all over the world through a worldwide system of greater than 244,000 agent locations–including retailers, worldwide post workplaces and economic institutions–in 192 nations and regions. To understand more about money transfer or bill re re re payment at a representative location or online, please visit or relate solely to us on Facebook.
About QC Holdings, Inc. Headquartered in Overland Park, Kansas, QC Holdings, Inc. is a respected provider of short-term loans in the usa, operating 499 branches in 23 states. With over 25 several years of running experience in the retail customer finance industry, the business joined the short-term loan market in 1992 and, since 1998, has exploded from 48 branches to 499 branches through a mixture of de novo branch spaces and purchases. In addition, the organization runs five automotive dealerships into the Kansas City area that is metropolitan. During financial 2010, the ongoing business advanced level around $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 procedures. 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 accordance with the FTC’s problem , the defendants’ web sites, such as mypaydayangel.com and juniperloans.com, expected for customers’ individual and economic information, such as for instance social safety, motorist license, and banking 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 consumers whom clicked to “submit” a loan that is payday had been enrolled unknowingly in to the programs, which initially charged their bank reports as much as $59.90 each month, and later charged as much as $99.90 each year. Customers usually didn’t spot the program provides, plus some individuals who declined the provides had been charged for the 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 unanticipated debit showed up on the bank statement, or whenever their bank told them their account was overdrawn. They learned that Direct pros or Voice web received the re payments just when they contacted their bank or saw a copy that is online of re re payment purchase. Customers whom called the defendants for the reimbursement usually got the run-around. Numerous customers needed to dispute the deal or shut their bank reports to obtain a reimbursement or stop the defendants from debiting their reports.
The defendants are faced with breaking the FTC Act by getting customers’ banking account information and debiting their records without their permission, and neglecting to acceptably disclose that, as well as making use of customers’ economic information for the loan that is payday, they’d make use of 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 register the grievance ended up being 5-0. The problem had been filed within the U.S. District Court when it comes to center District of Florida.
NOTE: The Commission files a issue whenever it offers “reason to trust” that what the law states is or perhaps is being violated, plus it generally seems to the Commission that the proceeding is within the interest that is public. The grievance just isn’t a choosing or ruling that the defendant has really violated regulations. The actual situation shall be determined by the court.