Travelex Cash Passport Prepaid Foreign Currency Card Debuts.
Travel & Leisure Close-Up, May, 2008
TRAVEL AND LEISURE CLOSE-UP-15 May 2008-Travelex Cash Passport Prepaid Foreign Currency Card Debuts(C)2008 - CloseUpMedia - newsdesk@closeupmedia.com
Travelex Cash Passport, the first prepaid foreign currency card in the United States, launched on May 1.
The card, which travelers load and lock-in their rate for British Pounds or Euros, has immediately surpassed all sales expectations.
"The launch has been outstanding," said Christopher Russell, Travelex's executive vice president of outsourcing, Americas. "Initial response has been overwhelmingly positive, especially in terms of being able to lock-in the exchange rate. We sold 46 cards the first day which more than tripled the first day sales of any of our previous card launches anywhere...
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