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ABA Travel Money and Gift Card Program

Travelex

 

| Program Description |

Prepaid Currency CardsGift Card |

 | Foreign Currency Services |
 | Travelex CashPax |
| Program Contacts |
| More |

 

 

Last year, the Travelex Visa TravelMoney® Card was named "Best Consumer Card Program" by Paybefore, a leading provider of media information to the rapidly growing network-branded prepaid and stored value card industry.  The cards have been upgraded to be reloadable as many times as desired.  The added value of the convenience and safety of a prepaid card that is not tied to the traveler's personal bank account and is replaceable overnight has driven steady adoption of this product. Travelex Prepaid Current Card FAQs.

 

Travel Money and Gift Card Program

 

Travelex, the world's leading foreign exchange specialist, has provided travel money solutions to ABA member banks since 2005.  Now through this relationship, member banks have the option to expand this program to include additional travel money products, including new prepaid currency cards and bundled currency Travelex CashPax™.

 

If you are interested in learning more about the Travel Money Program, please contact Becky Splichal at (866) 458-1193, or email becky.splichal@travelex.com.

 

Prepaid Currency Cards 

 

The following prepaid currency card programs are offered to ABA member banks through Travelex: the prepaid MasterCard® currency cards issued in Euros, British Pounds and US Dollars; and the Visa TravelMoney® Card issued in US Dollars.

The prepaid currency cards are instant-issue, point-of-sale debit cards with ATM capabilities and one of the most secure ways of carrying money abroad. The customer simply preloads and activates the card before traveling. They provide a great way to pay for traveling and destination expenses, and keep travel budgets in check.

 

The cards are PIN and signature protected and can be used to withdraw local currency at millions of ATMs worldwide and are accepted for purchases at merchants, including online vendors.  The prepaid currency cards are reloadable and feature around-the-clock worldwide customer support.

 

The cards come with the following benefits, free of charge:

 

  • Zero Liability Protection—fraud protection
  • Consumer Purchase Protection—90-day protection up to $500 in purchases
  • Global Emergency Assistance Service—additional travel associated protection

 Please click here for FAQs on Prepaid Currency Cards.

 

 

Gift Card

 

The Gift Card is a prepaid Visa card that carries a fixed cash amount determined by the giver at the time of purchase.  It can be given as a gift for any occasion and can be used both nationally and internationally at any Visa affiliated debit merchant.  Each time the gift recipient uses the card, the purchase amount is deducted from the available balance.  Unlike any other store gift certificate or credit, this card will not limit customers' options.  Like the prepaid currency card, the Visa Gift Card can be easily replaced in the event of loss or theft.

 

Please click here for FAQs on Gift Card.

  


Foreign Currency Services

 

Travelex makes the purchase of foreign currency simple for any ABA member bank.  Customers can order at the branch for pick-up, home delivery or right at home through the bank's Web site.  Travelex ensures competitive rates for customers and supplies over 100 different currencies including exotic currencies, where applicable.

 

Travelex CashPax Ensures Your Customer Are Prepared with Local Currency


Complimenting the convenience of prepaid currency cards is Travelex CashPax, a convenient packet of foreign currency issued in small denominations.  Available in Euros, Pounds, Yen, Australian & Canadian Dollars, and Mexican Pesos, CashPax provides a fast and easy-to-manage currency solution to simplify foreign exchange sales.
 

With Travelex, CashPax, customers can have cash on hand to handle immediate expenses

such as buying a meal in the airport or taking a cab to a hotel.  They won't be stranded if the airport ATM is unavailable or the local exchange bureau has closed.

Benefits to the bank:

  • Earn incremental revenue with minimal investment and expense.
  • Offer a value-added product targeted to existing and new customers.
  • Provide a competitive advantage.
  • Increase retention of your most profitable customers.


Benefits to bank customers:

  • Offers the convenience of carrying local currency on hand upon arrival; expedites the travel experience by reducing time at airports
  • Enhances customer confidence in becoming familiar with unfamiliar banknotes and coins
  • Offers competitive rates on foreign currency prior to customer departure

More from Travelex

 

"My Travel Wallet" is the customer-facing multi-product online ordering solution.  This application gets embedded into your bank's website enabling customers to place orders for foreign currency and prepaid cards.  There are no annual fees or costs for ABA member banks to add MTW to their site and implementation can be done in less than 24 hours.

 

"Currency Online" is the Web-based ordering system for placing orders for foreign currency, travelers cheques, prepaid currency cards, and foreign drafts.  The teller simply generates a quote and places an order for branch or home delivery.  The program can track management data by channel, currency, and branch.

 

 

PROGRAM CONTACTS

 

For more information about the Travelex Travel Money and Gift Card Program, please contact:

 

Becky Splichal

Tel: (866) 458-1193 

Email: becky.splichal@travelex.com   

 

 

ABA CONTACTS

 

Monica Condon Tel: (202) 663-5475

Robin Gordon Tel: (202) 663-5128