ampm, MoneyGram Sign Exclusive Contract

BP promoting money transfers, bill pay, money orders, prepaid cards to franchise network

Published in CSP Daily News

LA PALMA, Calif. -- ampm, BP's popular West Coast convenience store franchise, and MoneyGram, a leading global money transfer company, have reached an agreement to offer MoneyGram's full suite of consumer products at participating ampm locations in the Western United States.

Under the agreement, BP is promoting, on an exclusive basis, MoneyGram's money transfer services, bill payments, money orders and prepaid cards to its network of more than 950 ampm franchises throughout Arizona, California, Nevada, Oregon and Washington.

ampm franchisees are actively enrolling in the program, and locations will launch MoneyGram services throughout the coming months.

"MoneyGram's primary focus is to provide consumers with the most simple and convenient ways to send money and conduct basic financial transactions, from paying a utility bill or managing their pre-paid cards," said Pete Ohser, MoneyGram senior vice president of U.S. and Canada. "Winning ampm's business and establishing relationships with great companies and strong brands such as BP's ampm convenience stores are important to MoneyGram's growth."

Dallas-based MoneyGram enables consumers who are not fully served by traditional financial institutions to meet their financial needs. MoneyGram offers money transfer services worldwide and bill payment services in the United States and Canada through a global network of more than 300,000 agent locations--including retailers, international post offices and financial institutions--in 197 countries and territories around the world.

BP--with U.S. operations based in Chicago, Houston and La Palma, Calif.--markets more than 15 billion gallons of gasoline every year United States to consumers through more than 11,000 branded retail outlets and supplies more than four billion gallons of fuel annually to fleets, industrial users, auto and truck manufacturers, railroads and utilities. With headquarters in London, BP is the single, global brand formed by the combination of the former British Petroleum, Amoco, Atlantic Richfield (ARCO) and Burmah Castrol. It is a global producer, manufacturer and marketer of oil, gas, chemicals and renewable energy sources.

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