American Express and Travelex, the world’s largest foreign exchange specialist, announced a global, multi-year agreement under which Travelex will offer American ExpressÂ® Travelers Cheques through its global agency network, which includes some of the largest banks in the world and travel agencies, and directly to consumers through its retail locations.
“As they have for 116 years, American Express Travelers Cheques provide safety and security to travelers, playing an important role in a diversified travel wallet that also includes charge and credit cards, prepaid travel cards, and local currency,” said Valerie Soranno Keating, president, American Express Travelers Cheques and Prepaid Services. “Travelex is recognized as a leading foreign exchange partner by financial institutions and travel agencies with its own strategic locations around the world. We are delighted to be able to add the Travelex network to our global Travelers Cheque distribution network.”
“The breadth and quality of Travelex’s outsourcing services has attracted a powerful network and customer base.” said David Sear, Managing Director, Travelex Outsourcing. “By choosing American Express as our Travelers Cheque provider, we continue to support customer choice with a best-of-breed product that remains an important part of our Travel Money portfolio, especially in the United States.”
American Express Travelers Cheques are recognized worldwide, and are available for purchase through 12,200 selling partners and 148,000 locations in 180 countries. In the U.S. they can be used like cash at retail locations, hotels and restaurants. Outside the U.S. they can be used like cash at many locations, or exchanged for local currency at banks, currency exchanges, and American Express Travel Service locations. American Express Travelers Cheques are refundable if lost or stolen, usually within 24 hours, and offer worldwide passport and credit card replacement assistance at no additional cost, as well as American Express customer service support worldwide 24 hours a day, 7 days a week. For more information, visit www.americanexpress.com/travelerscheques.
About American Express
American Express Company (www.americanexpress.com) is a leading global payments, network and travel company founded in 1850.
American Express is a leader in consumer prepaid products. In addition to the 116-year old American Express Travelers Cheque – the preeminent brand welcomed worldwide – the Company issues other prepaid products including the Travelers Cheque Card, Cheques for Two, Gift Cards, Gift Cheques, and a range of corporate incentive prepaid products through American Express Incentive Services.
Travelex is the world’s largest foreign exchange specialist. By focusing upon its three core divisions of commercial foreign exchange, outsourced and retail foreign exchange, it provides international expertise to all of its business and individual customers.
Travelex is the world’s largest non-bank provider of commercial foreign exchange services, providing international payment solutions for over 16,000 business clients. The group is also one of the world’s leading providers of outsourced travel money to banks, travel agencies and other financial institutions.
Travelex operates over 700 retail branches at key airport and downtown locations, in addition to tourist and business centres around the world.
For more information, visit www.travelex.com.