Exhibit 12.1

MoneyGram International, Inc.
Calculation of Ratios

	Three Months
	Ended		Year Ended December 31,
	March 31, 2011		2010		2009			2008			2007			2006
				(Dollars in thousands)
Earnings
Pretax income (loss) from continuing operations	$	14,045	$	43,801	$	(22,322	)	$	(337,191	)	$	(993,267	)	$	176,773
Fixed charges		21,650		105,949		111,364			95,850			15,418			11,261
Total earnings	$	35,695	$	149,750	$	89,042		$	(241,341	)	$	(977,849	)	$	188,034
Fixed Charges
Interest expensed	$	19,022	$	84,640	$	95,147		$	85,189		$	12,359		$	8,932
Amortization of debt expense, premium and discount		1,591		17,493		12,764			7,487			197			168
Estimated interest component of rent expense		1,037		3,816		3,453			3,174			2,862			2,161
Total fixed charges	$	21,650	$	105,949	$	111,364		$	95,850		$	15,418		$	11,261
Preferred dividend requirement	$	51,091	$	192,315	$	169,659		$	117,836			n/a			n/a
Total fixed charges and preferred dividend requirement	$	72,741	$	298,264	$	281,023		$	213,686		$	15,418		$	11,261
Ratio of earnings to fixed charges		1.65		1.41		0.80			N/A			N/A			16.70
Deficiency of earnings to fixed charges	$	—	$	—	$	22,322		$	337,191		$	993,267		$	—
Ratio of earnings to fixed charges and preferred dividend requirements		0.49		0.50		0.32			N/A			N/A			16.70
Deficiency of earnings to fixed charges and preferred dividend requirements	$	37,046	$	148,514	$	191,981		$	455,027		$	993,267		$	—