Travelex Currency Services

Travelex Currency Services

May 25, 2011 05:17 ET

Travelex Now Offers Online Purchase Option for America's First Chip and Pin Enabled Prepaid Foreign Currency Card

Customers Now Have Convenience of In-Store Pick-up or Home Delivery Options and Added Benefit of Online Price Promise

NEW YORK, NEW YORK--(Marketwire - May 25, 2011) -Travelex, the world's largest non-bank foreign exchange currency provider, recently revolutionized the way Americans carry foreign currency abroad through the introduction of the chip and PIN-enabled MasterCard® Cash Passport™ prepaid currency card. Now, Travelex is making it easier for international travelers to purchase Cash Passport with chip and PIN technology through its website.

Enhanced Convenience and Value

By making the card available for purchase online, Travelex has provided consumers with the added convenience of choosing either home delivery or a new in-store pick-up option at more than 100 convenient US Travelex locations, including most major airports. Pick-up fees range from $0 to $9.99, depending on the location.

Value is another important benefit of the new online purchase option. Customers purchasing Cash Passport online can take advantage of Travelex's Online Price Promise. The Online Price Promise will honor a lower published price on complete online foreign currency orders. If a customer locates a lower price on another website that was offered on the same business day as their purchase at www.us.travelex.com, they can contact a Travelex foreign exchange specialist within 14 days to receive the difference between the prices.

Supporting International Travel Needs

Travelex first introduced this latest version of the Cash Passport in December 2010. The card, which can be loaded or reloaded in Euro or British Pound Sterling, was designed to meet the growing consumer demand for currency cards that are technologically compatible with overseas merchants that now utilize chip-based transactions.

"We've had outstanding feedback from our customers on the new chip and PIN Cash Passport and think it is important for consumers to have access to the value and convenience we offer through online purchase as well," said Jon Dario, president of Travelex Currency Services Inc. "It is smart for American travelers to have the same level of technical compatibility that many other international travelers currently enjoy. By ordering from our website, they can also be sure they are getting the most out of their foreign currency orders through our Online Price Promise and the options of home delivery or in-store pickup."

How It Works

A smart and convenient alternative to carrying currency, Cash Passport allows leisure travelers to pre-load travel money onto a reloadable card online or in-store prior to traveling for convenient use in the 31.7 million ATMs, shops and restaurants worldwide where MasterCard Debit is accepted. In addition, the Cash Passport comes with 24/7 Global Emergency Assistance, and funds can be replaced within 24 hours if the card is lost or stolen.

The Cash Passport requires a PIN to complete chip-based transactions overseas. Additionally, the card is not connected to the cardholders' bank account, thereby minimizing the risk of identity theft in the event the card is lost or stolen. The card also still includes a traditional magnetic stripe for those merchants not yet using chip and PIN technology.

For more information on Travelex or to locate a Travelex retail store to purchase the Cash Passport, visit www.us.travelex.com. For client press releases and downloadable photography, media may access www.louhammond.com. Media can also visit http://www.facebook.com/#!/louhammondpr or follow on Twitter @LouHammondPR for the latest client news.

About Travelex:

Travelex is the world leader in the foreign currency business, with more stores, more airport relationships, and more annual transactions than any competitor. Recently voted "Best Passenger Services" by major North American airports, Travelex has more than 700 retail stores across 30 countries at key airport, seaport, rail and tourist locations. Travelex is also one of the world's leading providers of outsourced travel money to banks, credit unions and travel agents. Among the innovative services the company offers is Cash Passport™, which allows users to pre-load their travel budget onto a convenient card for safe and convenient use in millions of ATMs, shops, and restaurants worldwide. Cash Passport is PIN and signature protected and is not connected to the user's bank account, thereby minimizing the risk of identity theft due to the loss or theft of a Cash Passport.

Cash Passport™ is a trademark of Access Prepaid Solutions, a MasterCard Worldwide company.

The Euro and British Pound Cash Passport is issued by West Suburban Bank®, pursuant to licenses by MasterCard Worldwide.

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