Rev and Westpac Experience Early Success With New Travel Visa Prepaid Card
Global Currency Card offering 11 Currency Options With Real-Time Exchange via Smartphone Applications Becomes a Hit with Australian Travelers
AUSTIN, Texas and SYDNEY, Oct. 22, 2014 /PRNewswire/ -- Rêv Worldwide, a payment innovations company, and the Westpac Group, Australia's largest retail bank serving over 12 million customers, released today an update on their new Westpac Global Currency Card product, a multi-currency reloadable Visa prepaid card aimed at travelers and online shoppers. The card gives customers the ability to lock in favorable exchange rates before they travel and make payments in multiple currencies either in person or online, wherever Visa cards are accepted.
The Global Currency Card is now available at over 650 Westpac branch locations throughout Australia, to both existing and non-existing Westpac customers. The card has built-in features specially designed to give customers convenient and secure access to funds – with a variety of currencies available to ensure customers feel like locals as they travel and shop online.
With a full rollout completed and just a few months in market selling across the Westpac retail network, the product has surpassed launch expectations with load volumes surpassing the 9 figure mark and the average number of customers exceeding expectations.
The Global Currency Card simplifies the payment experience for travelers by allowing them to lock in currencies before or during travel, with an option to manage up to 5 currencies from up to 11 currencies, including Australian Dollars, Hong Kong Dollars, Singapore Dollars, U.S. Dollars, Canadian Dollars, New Zealand Dollars, Great British Pounds, Euros, South African Rand, Thai Baht, and Japanese Yen.
Travelers can access their Global Currency Card account online or by downloading the Global Currency mobile application, available for iOS and Android users. With the click of a mouse or the touch of a finger, funds can be safely and quickly converted and transferred.
The Westpac Global Currency Card offers:
- Card accepted worldwide anywhere Visa prepaid cards are accepted.
- Access to ATMs worldwide where Visa prepaid cards are accepted.
- Card may be reloaded in-branch or via BPAY.
- Account balance maximum of 50,000 AUD or foreign equivalent.
- Real-time multi-currency conversion online and via mobile application.
- Chip and PIN card security protection.
- Visa zero liability protection from fraudulent transactions.
- Free customer service, and 24/7 emergency assistance for lost and stolen cards.
Westpac is leveraging Rêv's global product development and program management expertise, and technology platform that includes a proprietary international prepaid processing platform with multi-currency and mobile capabilities. Westpac provides services relating to the issuance of the prepaid cards, marketing of the program, customer service, foreign exchange and settlement of accounts.
"We're excited to have one of the top ten banks in the world share our passion for innovation and see the opportunity to enhance the payment experience for travelers," said John Mitchell, Chief Executive Officer, Rêv Worldwide. "The future of the international wallet begins here," he added.
To provide card customers with access to key account services, the Westpac Global Currency Card mobile applications offer the following:
- Real-time currency conversion of 5 active currencies, choosing from up to 11 currencies
- Account management, including balance, transaction history, and load options.
- Report lost and stolen card security feature.
Learn more at www.westpac.com.au/globalcurrencycard.com.
About Rêv Worldwide
Rêv Worldwide helps partners rapidly and effectively deliver next generation payment opportunities enabling consumers to make affordable, safe and convenient financial transactions. Rêv's integrated mobile and prepaid debit solutions are powered by its multi-language, multi-currency processing platform. Rêv operates in North America, Latin America, Europe and Asia-Pacific. More at www.revworldwide.com.
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SOURCE Rev Worldwide
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