More NewsTravelex Extends Relationship with MasterCard IPS

Travelex Extends Relationship with MasterCard IPS

Travelex will extend its brand relationship with MasterCard and implement the global prepaid transaction processing capabilities of MasterCard integrated processing solutions (IPS). As part of the new global agreement, Travelex, which already issues and distributes MasterCard cash passport cards, will launch new MasterCard-branded consumer and corporate cash passport programmes around the world using IPS. Travelex will also convert existing programmes to MasterCard.

With this enhancement, Travelex will be able to re-engineer its existing prepaid offerings and pursue new growth opportunities in the consumer travel, airline and maritime industries with minimal infrastructure investment. In addition, Travelex is tapping into the expertise of MasterCard advisors to optimise its global prepaid card portfolio.

“The agreement with MasterCard will provide us with the speed and processing advantages we need as part of our plans to expand the usage of our cash passport prepaid currency cards for foreign exchange,” said Robert Gogel, chief executive officer, Travelex. “The ability to work with MasterCard to quickly expand our business globally while providing our cardholders with safe and convenient access to their funds in the currency of their choice is a significant step forward. The success of our card programmes relies on a strong, global brand and a secure and reliable transaction processing platform.”

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

3w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

5m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

5m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha