Allfirst Financial Selects Travelers Express Official Checks and Money Orders.MINNEAPOLIS--(BUSINESS WIRE)--Aug. 17, 1999-- Travelers Express Company, Inc., a major subsidiary of Viad Corp (NYSE NYSE See: New York Stock Exchange :VVI VVI Vertical Velocity Indicator VVI Velocity Vector Imaging (trademark of Siemens AG) VVI Vermont Volunteer Infantry (Civil War) VVI VVimaging, Inc. ), announced today that Maryland-based Allfirst Financial recently converted more than 250 of its Allfirst Bank locations to the Travelers Express official check and money order processing platform. "Travelers Express's processing system was an important factor in our decision," said Jean Pugliese, vice president of Allfirst Financial. "It's flexible and can accommodate our future growth, while providing quality service for our customers." Philip W. Milne, chief executive officer at Travelers Express/MoneyGram, said, "Our system appeals to an increasing number of the nation's largest banks that want reliable, innovative and technologically advanced service. We're also Y2K-ready." Allfirst's official checks, which are issued to customers for mortgages, car loans and other types of disbursements, still bear Allfirst's name, but the "back office" processing is now handled at Travelers Express's Minneapolis processing center. The Allfirst money orders are also now processed by Travelers Express. Allfirst Financial, a regional, diversified financial The diversified financial services segment includes a range of consumer and commercially-oriented companies offering a wide variety of products and services, including various lending products (such as home equity loans and credit cards), insurance, and securities and investment services company headquartered in Baltimore Baltimore, city (1990 pop. 736,014), N central Md., surrounded by but politically independent of Baltimore co., on the Patapsco River estuary, an arm of Chesapeake Bay; inc. 1745. , Md., offers a full range of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. including banking, trust, investment and insurance to retail, business and commercial customers. Its banking subsidiary, Allfirst Bank, operates through more than 250 bank branches and 500 ATMs through Maryland Maryland (mâr`ələnd), one of the Middle Atlantic states of the United States. It is bounded by Delaware and the Atlantic Ocean (E), the District of Columbia (S), Virginia and West Virginia (S, W), and Pennsylvania (N). ; Pennsylvania; Washington, D.C.; northern Virginia Northern Virginia (NoVA) consists of Arlington, Fairfax, Loudoun, and Prince William counties and the independent cities of Alexandria, Falls Church, Fairfax, Manassas, and Manassas Park. and Delaware. Allfirst Financial's assets were $17.7 billion as of June 30, 1999. Travelers Express, which serves more than 5,000 financial institutions and 65,000 retail locations, annually processes more than one billion payment transactions valued at more than $120 billion. In addition to official checks and money orders, the company offers electronic bill payment services and MoneyGram money transfer service in 120 countries. Viad Corp is a $1.6 billion company based in Phoenix. |
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