Article: Viad Corp Announces Filing of Form 10 Registration Statement for Spin-Off of Payment Services Business; Business to be Named MoneyGram International, Inc.

Business Editors

PHOENIX--(BUSINESS WIRE)--Dec. 29, 2003

Viad Corp (NYSE:VVI) today announced that its subsidiary MoneyGram International, Inc. has filed a preliminary registration statement on Form 10 with the Securities and Exchange Commission relating to the proposed spin-off of Viad's global payment services business. MoneyGram International, Inc. will be the parent holding company of Travelers Express Company, Inc., a leading provider of global payment services. Effective with the spin-off, the businesses currently conducted by Travelers Express will be operated under the new MoneyGram International, Inc. corporate name. The transaction is not ...

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