Exhibit 99



                                        CONTACT:  William H. Peltier
REVISED NEWS RELEASE                              602/207-5812
                                                  bpeltier@viad.com


                        VIAD REVISES MONEYGRAM

                 CASH TENDER OFFER TO $17.35 PER SHARE

                    EXTENDS TENDER OFFER TO MAY 22

                                   

PHOENIX, Ariz., May 11, 1998 - Viad Corp (NYSE:VVI) today announced a

revised offer to acquire MoneyGram Payment Systems, Inc. (NYSE:MNE).

Viad is now offering to purchase all outstanding MoneyGram shares for

cash at $17.35 per share.  The offer, which commenced on April 10,

1998, and was scheduled to expire at 6:00 p.m., New York City time on

May 8, has been extended to 6:00 p.m., New York City time on May 22,

1998.

     Viad will not further increase its offer price above $17.35.  If

Viad has not received a majority of MoneyGram's shares by the extended

expiration date, the offer will be terminated.  MoneyGram is intended

to be part of Viad's Travelers Express Company in Minneapolis, the

nation's largest money order company.  If a majority of the shares are

tendered, Viad is prepared to promptly close this transaction based on

the regulatory approvals it has received.

     At the close of business Friday, May 8, there were 4,976,441

shares tendered, representing approximately 30.1 percent.

     Viad Corp is a $2.5 billion S&P MidCap 400 services company with

interests in payment services, airline catering, convention services

and travel and leisure.  Headquarters are in Phoenix, Ariz.

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