Exhibit 99.1

         MoneyGram International Declares Quarterly Dividend

    MINNEAPOLIS--(BUSINESS WIRE)--May 11, 2005--The board of directors
of MoneyGram International, Inc. (NYSE:MGI) yesterday declared a
quarterly dividend of $0.01 per share on common stock. The dividend is
payable July 1, 2005 to stockholders of record at the close of
business on June 15, 2005.
    MoneyGram International, Inc. is a leading global payment services
company and S&P MidCap 400 company. The company's major products and
services include global money transfers, money orders and payment
processing solutions for financial institutions and retail customers.
MoneyGram is a New York Stock Exchange listed company, with more than
$825 million in revenue in 2004 and more than 79,000 global money
transfer agent locations in 170 countries. For more information, visit
the company's website at www.moneygram.com.

    Cautionary Information Regarding Forward-Looking Statements

    The statements contained in this press release regarding the
business of MoneyGram International, Inc. that are not historical
facts are forward-looking statements and are made under the Safe
Harbor provisions of the Private Securities Litigation Reform Act of
1995. These statements are based on management's current expectations
and are subject to uncertainty and changes in circumstances due to a
number of factors, including, but not limited to: (a) fluctuations in
interest rates that may materially affect revenue derived from
investment of funds received from the sale of payment instruments; (b)
material changes in the market value of securities we hold; (c)
material changes in our need for and the availability of liquid
assets; (d) successful management of the credit and fraud risks of
retail agents, and the credit risk related to our investment
portfolio; (e) continued growth rates approximating recent levels for
consumer money transfer transactions and other payment product
markets; (f) renewal of material retail agent and financial
institution customer contracts, or loss of business from significant
agents or customers; (g) technological and competitive changes in the
payment services industry; (h) timely and successful implementation of
new and/or improved technology, delivery methods, and product
offerings including pre-paid debit/stored value cards and new bill
payment services; (i) changes in laws, regulations or other industry
practices and standards which may require significant systems
redevelopment, reduce the market for or value of the company's
products or services or render products or services less profitable or
obsolete; (j) continued political stability in countries in which
MoneyGram has material agent relationships; (k) material lawsuits or
investigations; (l) catastrophic events that could materially
adversely impact operating facilities, communication systems and
technology of MoneyGram, its clearing banks or major customers, or
that may have a material adverse impact on current economic conditions
or levels of consumer spending; (m) material breach of security of any
of our systems; (n) our ability to comply with the requirements of
Sarbanes-Oxley Section 404 regarding the effectiveness of internal
controls; and (o) other factors more fully discussed in MoneyGram's
filings with the Securities and Exchange Commission. Actual results
may differ materially from historical and anticipated results. These
forward-looking statements speak only as of the date on which such
statements are made, and MoneyGram undertakes no obligation to update
such statements to reflect events or circumstances arising after such
date.

    CONTACT: MoneyGram International, Inc., Minneapolis
             Investor Relations:
             Tim Gallaher, 952-591-3840
             ir@moneygram.com