Travelex And MasterCard Simplify International Travel With Introduction Of Multi-Currency Cash Passport™ Prepaid MasterCard®

NEW YORK, Aug. 12, 2013 /PRNewswire/ -- Travelex (www.travelex.com), the world's leading foreign exchange provider, has joined with MasterCard and Access Prepaid to introduce a convenient new tool for international travelers with the launch of the new Multi-Currency Cash Passport Prepaid MasterCard. To celebrate the launch, consumers have the chance of a lifetime to win one million airline miles.

(Photo: http://photos.prnewswire.com/prnh/20130812/NY62627)

The new travel money card is the first of its kind available in the U.S. and can carry up to five foreign currencies simultaneously, including:

• British Pounds (GBP)
• Euros (EUR)
• Canadian Dollars (CAD)
• Australian Dollars (AUD)
• Japanese Yen (JPY)

"This new program helps provide our cardholders greater peace of mind as they plan travel across North America or around the globe," said Michael Weitzman, Group Executive, U.S. Markets, MasterCard. "Now they have the convenience of shopping in local currencies all on one chip card, wherever their travel plans take them."

The Multi-Currency Cash Passport is sold exclusively at www.travelex.com and more than 200 Travelex stores throughout the U.S, including locations in most major airports, cities and key tourist areas.  For consumers traveling abroad, the Multi-Currency Cash Passport card offers three key benefits:

Reliable – The card features both magnetic stripe and chip technology, allowing travelers to easily and seamlessly shop wherever Debit MasterCard or Maestro is accepted across the globe.  It can also be used to withdraw money from millions of ATMs worldwide.  

Reloadable – Money can be seamlessly reloaded to the card online or in Travelex stores as needed (subject to card limits).  Funds can also be transferred from one currency to another, particularly beneficial to multi-destination travelers.

Replaceable – In addition to the latest chip and PIN technology, cardholders receive 24/7 support from Access Prepaid.  If the card is lost or stolen, a free replacement card can be sent anywhere in the world in as little as 24 hours¹ and emergency cash can be obtained off the balance of the card.  Additionally, the card is not connected to the cardholder's bank account.

"The Multi-Currency Cash Passport was developed in response to demand from customers who are searching for enhanced convenience while traveling abroad," said Jon Dario, President, Travelex Currency Services Inc.  "We understand the need to evolve with market and industry trends – as such, we look forward to adding additional currencies to continue to meet customers' needs."

For more information about the features, fees, restrictions, and complete terms and conditions applicable to the Multi-Currency Cash Passport card, visit www.travelex.com/cashpassport.

One Million Miles, One Million More Reasons to Travel

To celebrate the greater convenience to travelers, Travelex, along with MasterCard, is giving consumers one million reasons to fulfill their wanderlust by offering the chance to win one million airline miles*.

Cardholders have multiple ways to enter the sweepstakes including:

• Participate in Travelex's "What would you do with One Million Miles?" Facebook promotion
• Purchase a Multi-Currency Cash Passport prepaid card during the promotional period
• Reload the same card online or in store during the promotional period

For more information on the One Million Miles giveaway, visit www.travelex.com/millionmiles.

About Travelex: 
Travelex is the world's largest foreign exchange specialist with almost 1,400 stores and 1,200 ATMs in 25 countries, at key airport, seaport, rail and tourist locations. Over 40% of travelers - 1.7 billion passengers a year - pass through airports where Travelex operates including the major gateways at Amsterdam, Beijing, Dubai, Frankfurt, Hong Kong, London, Mumbai, New York, Paris, Sydney & Tokyo. Every hour, Travelex provides foreign currency to more than 2,000 customers. Follow us on Facebook for the latest Travelex news.

About MasterCard: 
MasterCard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. We operate the world's fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard's products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. MasterCard is a registered trademark of MasterCard International Incorporated. Follow us on Twitter @MasterCardNews, join the discussion on the Cashless Conversations Blog and subscribe for the latest news.

About Access Prepaid Worldwide:
Access Prepaid Worldwide provides business partners globally with fully outsourced prepaid card programme management solutions. Leveraging the MasterCard network, Access delivers consumer and corporate travel, payroll and foreign currency prepaid card programmes to a diverse set of partners including financial institutions, travel agents, retailers, bureau de change operators, blue chip corporations and airlines. Access utilises both the in-house transaction processing capabilities of MasterCard's IPS platform as well as relationships with third party processors; whilst also operating a global assistance 24/7 customer support centre and providing total card lifecycle support for its customers and cardholders alike. Access Prepaid Worldwide is a MasterCard Worldwide Business.

SOURCE Travelex