TRAVELEX GLOBAL BUSINESS PAYMENTS ANNOUNCES PARTNERSHIP WITH ABTA THE TRAVEL ASSOCIATION
Date published: 17 June 2008Travelex Global Business Payments (GBP) has today announced the launch of a new partnership with ABTA The Travel Association (ABTA). The partnership has been designed to provide ABTA members with support when making their international payments, incorporating access to GlobalPay, Travelex GBP’s revolutionary payments system which offers a more efficient way to make and receive payments globally.
Recently launched, GlobalPay is suitable for businesses of any size and all types of payments. The system improves visibility of cash flow, currency risk, streamlines the international payment process and can dramatically cut the amount of time currently wasted reconciling and chasing payments.
As part of this partnership, ABTA members will also benefit from:
- 0 percent commission on currency from Travelex Retail Bureaux
- Two European flights to customers who trade
- Free consultations with a payments expert
Tony Wilson, UK divisional director of Travelex GBP comments: "We are very pleased that Travelex GBP has the opportunity to work with ABTA and its members to provide more efficient ways to make and receive their international payments. We understand the travel market and there is a natural fit between the companies, enabling us to understand their needs and therefore provide members with the right level of support and help.
“The travel industry is continually looking at innovative ways to drive improved performance, we believe that by working with such a respected brand as ABTA, members can gain greater transparency and comfort when using Travelex's total payment solution".
Says David Marshall, ABTA head of communications: “ We are constantly searching for services and products that will truly add value to our members’ businesses. This new partnership will undoubtedly result in real and significant benefits to any ABTA member who uses the Travelex Global Business Payments system.”
Tony Wilson concludes: “We look forward to taking the relationship forward and helping ABTA members and their businesses.”
Further information can be found at www.travelexbusiness.com/uk
For further information
Emma Mercer, Helen Beckett or Jo Victoria Russell3 Monkeys Communications
travelex@3-monkeys.co.uk
020 7440 2410
Notes to editors
Travelex Global Business Payments
A division of the Travelex group, Travelex Global Business Payments provides domestic and international payment services and foreign exchange risk solutions for commercial customers, with products and services comprising multi-currency spot and forward contracts. The business operates through its subsidiaries and branches in four regions: the United Kingdom; Europe, Middle East and Africa (EMEA); Americas and Asia Pacific.
About Travelex
Travelex is the world's foreign exchange and international payments specialist. The group is also one of the world's leading providers of outsourced travel money to banks, travel agencies and other financial institutions.
The Group operates through its subsidiaries and branches in four regions: the United Kingdom; Europe, Middle East and Africa (EMEA); Americas and Asia Pacific. The Group’s activities are organised into three divisions: Global Business Payments, Retail and Outsourcing.
About ABTA
Formed in 1950 by 22 leading travel companies, ABTA - The Travel Association - now represents over 5,500 travel agencies and 900 tour operations, throughout the British Isles. Our Members range from small, specialist tour operators and independent travel agencies through to publicly-listed companies and household names; from call centres to internet booking services to high street shops. All of them carry the ABTA logo, which means choice, value, and high levels of service.
ABTA’s main aims are to maintain high standards of trading practice for the benefit of its Members, the travel industry at large, and the consumers that they serve, and to create as favourable a business climate as possible for its Members.
