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AMERICAN EXPRESS(R) MONEYGRAM CHANGES WIRE TRANSFER INDUSTRY WITH FREE TELEPHONE CALLS

 AMERICAN EXPRESS(R) MONEYGRAM CHANGES WIRE TRANSFER
 INDUSTRY WITH FREE TELEPHONE CALLS
 DENVER, June 29 /PRNewswire/ -- American Express(R) MoneyGram, the worldwide money transfer service, today introduced a program giving free three-minute long-distance telephone calls to customers who use the service to wire funds from a domestic location to locations in the United States, Puerto Rico, U.S. Virgin Islands or Canada.
 "This program eliminates an extra expense often associated with money transfers -- senders calling receivers to alert them that money was sent and where it can be picked up," said Doug McNary, general manager of American Express MoneyGram. "In essence, it reduces the cost of money transfers."
 Customers who use American Express MoneyGram will be given a certificate with a toll-free telephone number and code number. Up to seven days following the time the funds were wired, customers can use any touch-tone telephone to dial the toll-free number, enter the code number and the telephone number of the person they are calling.
 The caller's three minutes begin when the telephone is answered. If a customer reaches an answering machine or wrong number, he/she can hang up and continue calling until the time has expired. Each call will be rounded up to the nearest whole minute, and the caller will be signaled 30 seconds before the end of a call.
 The telephone calls are being provided to customers by American Express MoneyGram through an arrangement with Sprint. American Express MoneyGram customers do not have to be Sprint customers to take advantage of the offer.
 In addition to the free telephone call, American Express MoneyGram reduced its regular fees on transfers between $100 and $300 by as much as 21 percent. Fees at most other transfer amounts remained the same.
 American Express MoneyGram is managed by Integrated Payment Systems (IPS) of Englewood, Colo. IPS is a subsidiary of First Data Corp.(SM) (FDC), the former information services subsidiary of American Express Co. FDC is a leading provider of high-quality, high volume information processing and related services in the credit card, consumer funds transfer, telemarketing/teleservices, mutual fund, health care and cable television industries.
 -0- 6/29/92
 /CONTACT: Peter Ziverts of American Express Integrated Payment Systems, 303-488-8017; or Sydney Ayers of Servoss Public Relations, 303-777-6200, for American Express Integrated Payment Systems/ CO: American Express MoneyGram ST: Colorado IN: TLS SU:


BB-MC -- DV004 -- 4491 06/29/92 08:02 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jun 29, 1992
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