MoneyGram 2007 Annual Report Download - page 138

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MONEY TRANSFERS
Company's Money Transfer Services will be offered to Seller's customers as the "Wal-Mart International Money Transfer by
MoneyGram" or any other name upon which the parties mutually agree.
1. COMPANY'S INSTRUCTIONS. Seller agrees to follow Company's instructions for the provision of the Money Transfer Services.
Company may change the instructions from time to time as long as they remain reasonable and provided Seller is given reasonable prior
written notice thereof.
2. COMPETING SERVICES. [*] For purposes of this paragraph 2, the provision of money transfer and/or money orders through a self-
service or automated method or kiosk shall not be considered an additional feature, but rather is a separate product not included as part
of this Agreement. An additional feature or service will be considered material only if it is likely to result in a material increase in
transaction volume for the Money Transfer Service (e.g., a feature which would make a transaction easier for a consumer to execute or
complete, to a degree that it is likely to result in a material increase in transaction volume).
3. MONEY TRANSFER PROCEDURES. The Identification Number (as defined below) and PIN (as defined below) must be provided by
Seller to the Company each time a Transfer Send or Transfer Receive request is made. Identification Number means the unique and
confidential Seller identification number provided by Company to each Seller Location conducting Transfer Send and Transfer Receive
transactions. Personal Identification Number ("PIN") means a second confidential identification number provided by Company to each
Seller conducting Transfer Send and Transfer Receive transactions. The PIN will be changed if the security of either identification number
has been compromised. It is Seller's obligation to ensure that its Identification Number and PIN (collectively, the "Numbers") are kept
confidential. Seller agrees to take all commercially reasonable precautions necessary to prevent disclosure of and access to the Services
by unauthorized persons and will notify Company immediately if Seller knows or suspects that the Numbers have been disclosed.
Company will, as soon as practicable, issue new Numbers to Seller. Seller shall be liable for all use or misuse of its Numbers and shall
assist Company in investigating the circumstances of such misuse. Seller hereby acknowledges that the Company will refuse to authorize
transactions if the correct Identification Number and PIN are not provided. Seller agrees that Company shall have the right, at any time, to
refuse any Transfer Send or Transfer Receive request. Company will not refuse Transfer Send or Receive requests unreasonably.
4. CONSUMER FEE PRICING; TRANSFER SEND AND EXPRESS PAYMENT TRANSACTIONS.
a. For each Transfer Send and Express Payment transaction, Seller shall collect from the consumer the Transfer Amount and
applicable Wal-Mart Consumer Fee (reduced, where applicable, by the MoneySaver value program). Company will include the Wal-
Mart Consumer Fee schedules, which may be amended from time to time in accordance with the terms of this Agreement, in
Company's System. [*] and no higher than Company Consumer Fee or Adjusted Company Consumer Fee for a comparable
transaction. Seller agrees to provide the Company with at least 21 days advance notice of any changes in the Wal-Mart Consumer
Fee, to allow Company sufficient time to adjust its computer systems and provide for adequate communication to the Company's
agent network.
b. Seller shall offer the MoneySaver value program, which shall be applicable to the Wal-Mart Consumer Fee at the same rate (as a
percentage of Consumer Fee) offered by Company to all MoneySaver cardholders. Company and Seller will mutually agree on any
changes in the MoneySaver value program relating to pricing for the Money Transfer Services.
c. Seller will follow Company's prescribed procedures in connection with currency exchange rates as to international transactions.
Seller understands and agrees that Company will not set the currency exchange rate applicable to all currency conversions. For
those Corridors where Company does not set the rate, the local Company retail representative will determine the currency
exchange rate at the time of the Transfer Receive. Company will determine the currency exchange rates for all Transfer
[*] Please refer to footnote on page 1. 12