Travelex protects pre-pay foreign exchange card – 11 July 2007

Foreign exchange specialist Travelex has partnered with fraud prevention company Retail Decisions (ReD) to protect its Cash Passport pre-pay card.

The prepaid travel card from Travelex can be loaded with foreign exchange which can then be used to withdraw cash abroad.

Travelex head of fraud and risk management Peter Jackson said: “The Cash Passport product is really taking off with consumers so it was the right time to strengthen our fraud prevention.

“In the last 12 months Travelex has issued over 600,000 Cash Passports around the world with 30% growth in the UK. After a thorough procurement process, we are delighted to choose ReD PRISM, a fully hosted service, which offers the internationally focused capability,” he added. 

ReD’s blue chip travel related clients already include Opodo, Thomas Cook, Travelocity, Hotwire and Harvey World Travel.

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