Travelex Announce New Mobile Balance Alerts For Holidaymakers
on: May 26, 2010, 04:51 am
Travelex has helped holidaymakers and overseas travellers
worrying about the risk of running out of foreign exchange, thanks to a
clever currency card which sends its owner a free text message alert
when it runs low on money.
The service is available to Travelex Cash Passport cardholders, through a partnership with
Monitise. Customers who purchase the card will receive a free text message on their
mobile phone when the cards credit drops below £100. Customers can then call
Travelex, 24 hours a day, seven days a week, go online or visit a branch to reload
their card with more money.
The new service is free and comes with all new MasterCard Cash Passports and, as long as the customer registers their
mobile number at the point of purchase, can be used abroad straightaway.
Mark Horgan, Managing Director of Card and Mobile Payments at Travelex said, "When
you're abroad the last thing you want to worry about is running out of foreign
"Our customers already use an online and telephone balance enquiry service and,
with the holiday season looming, we're pleased to offer this new SMS service to
help them relax and unwind. And many foreign ATMs also offer balance enquiry
Alastair Lukies, Chief Executive Officer of Monitise, added, "We are delighted to
help holiday makers and business travellers relax through quick and worry-free
management of their travel budgets."
The low balance text alert service has been launched in the UK for all new Cash
Passport currency cards and will be rolled
out to Europe and Asia Pacific at a later date.
The new services are part of a global product upgrade programme by Travelex, which
includes adding 'chip & PIN' technology and making the Cash Passport more accepted
worldwide through an alliance with MasterCard.
Travelex has already issued 400,000 Cash Passports in the UK and from May 2010 the
new Cash Passport services will automatically be available to all UK MasterCard Cash
Passport cardholders. The new service is available in seven currencies including the
US dollar and euro and provides a way to carry money abroad, make purchases or
withdraw cash without incurring overseas usage charges.
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Travelex is the world's foreign exchange and international payments specialist.
Operating through subsidiaries and branches in six regions: the United Kingdom;
Europe, Middle East and Africa (EMEA); Americas and Asia Pacific.
As one of the world's leading providers of outsourced travel money to banks, travel
agencies and other retailers, it provides products including its prepaid travel card to millions of customers every year. Through
its world-leading automation, Travelex offers consumers a full range of delivery
channel options including telephone and web-based ordering.
Monitise plc (LSE: MONI.L) has created the world's first mobile money networks,
which allow customers of multiple banks and mobile operators to perform banking and
payment transactions directly from their mobile handset.
For further media information, please contact:
Bell Pottinger Business & Brand
+44 (0) 20 7861 2495