Tuesday, June 23, 2009

Travelex Launches Prepaid MasterCard

According to this article in BTN Online Travelex has launched a prepaid card in conjunction with MasterCard that will allow corporations to save money and enhance controls when traveling internationally.

Travelex's Corporate Cash Passport Tool is loaded with US dollars and is accepted at ATMs and vendors that accept MasterCard products globally. Corporations can use these cards to set spending limits and budgets for its employees. This card also eliminates costs associated with currency exchange fees by reducing the amount of money that will need to be exchanged. This card has already sparked interest in big corporations like Virgin Atlantic and British Airways just to name a few.

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