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MoneyGram and Duane Reade renew agreement

October 19, 2009

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MINNEAPOLIS—Money transfer service MoneyGram International on Monday said it renewed an agreement with New York-based drugstore chain Duane Reade.

As part of the contract, MoneyGram introduced utility bill payment services at Duane Reade locations that already offer MoneyGram money transfers, money orders and services for urgent bill payment.

MoneyGram services are available in about 200 Duane Reade stores nationwide.

Shares of Moneygram International rose 5 cents to $3.24.