Foreign exchange firm Travelex is set to offer a mobile-based tool to its customers that will allow them to manage their travel money.Some 1,750 customers using the company’s prepaid card will be able to use the application, which can be downloaded to cardholders’ handsets and used to check balances, reload the card by mobile and set up alerts.The Monitise-provided service will launch next year, with functionality such as a low balance alert, which reminds cardholders to reload their account with cash.Under the prepaid model, customers can pay for goods and withdraw cash, without incurring additional charges for use overseas.“The prepaid travel card market is growing fast, it is essential that we innovate and bring new, value-added services to our cardholders,” said managing director of cards and mobile payments at Travelex, Mark Horgan.“The combination of a secure card serviced from a mobile phone is a powerful proposition that will mean we can grow both our card base and our revenues,” he said.
itweek.co.uk @ 2010 Incisive Media
A confirmation email has been sent to your email address - SUPPLIED GOES EMAIL HERE. Please click on the link in the email to verify your email address. You need to verify your email before you can start posting.
If you do not receive your confirmation email within the next few minutes, it may be because the email has been captured by a junk mail filter. Please ensure you add the domain @itnews.com.au to your white-listed senders.