Net income, however, rose to $16.16m from $7.87m a year ago.
MoneyGram total revenue in the fourth quarter increased 3% to $303.4m, compared with $295.6m in the fourth quarter of 2009.
Total fee and other revenue increased 3.1% to $298.3m, from $289.4m in the fourth quarter of 2009.
Total revenue for the Global Funds Transfer segment increased 5% to $276.7m in the fourth quarter of 2010 compared with $263.8m in the fourth quarter of 2009.
Money transfer transaction volume increased 12%, with fee and other revenue increasing 7% to $246.2m in the fourth quarter of 2010 compared with $230.6m in the fourth quarter of 2009.
Bill payment transaction volume decreased 3%, while fee and other revenue decreased 8% to $30.4m in the fourth quarter of 2010 from $33.1m in the fourth quarter of 2009.
Adjusted EBITDA for the quarter was $59.8m versus $57.4m in the prior year.
MoneyGram chairman and CEO Pamela Patsley said MoneyGram is a stronger company than a year ago, more focused on its strategies and better positioned for growth.
"We are strengthening our core business, increasing money transfer transactions, taking out costs and continuing to see general economic improvements in many markets," Patsley said.
