EXHIBIT 99.5     
                                    
                                 CONSENT     
   
  The undersigned, James F. Calvano, hereby consents, pursuant to Rule 438
under the Securities Act of 1933, as amended, to being named in the
Registration Statement on Form S-1 (the "Registration Statement") of MoneyGram
Payment Systems, Inc. (the "Registrant") as a person anticipated to become a
director and chief executive officer of the Registrant prior to the offering
registered thereby, and to the filing of this Consent as an exhibit to the
Registration Statement.     
                                                   
                                                /s/ James F. Calvano     
                                          -------------------------------------
   
June 13, 1996