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Internet Methods, Inc. Enters Marketing Agreement with Travelex
by Anonymous
SCOTTSDALE, Arizona – February 18, 2003 – Internet Methods, Inc. (iMethods) today announced it has signed a marketing agreement with Travelex to provide Travelex “My Travel Wallet” products as part of iMethods Bank Services Product Offering. The product set included in “My Travel Wallet” consists of the online purchase of Travel Cheques, Foreign Currency and an International Stored Value Travel Card.
The product offering provides employers and their employees a method to acquire Travel Cheques online delivered to them directly, purchase of a rechargeable PIN Debit travel card that adds an extra measure of security for the user if the card is lost or stolen and a currency calculator that allows the employer or employee the ability to determine the amount of foreign currency required when traveling abroad and the ability to purchase foreign currency online delivered to them directly.
“iMethods continues to build its product portfolio making sure that those hard to get service items are provided at a worksite level. Employers and employees can access this service 24/7/365 from their employers or iMethods website. These items can be purchased online and delivered directly to the address indicated at purchase. iMethods provides this service to its users of its Marketing Exchange System at discounts below those available in the retail market provided by the local banks. The rechargeable card solution provides those employers with an alternative to cash advances for travel. Through iMethods back office financial transaction processing engine cards can be recharged through the Internet from a bank account of choice. This provides not only control of cash advances but the ability to support travelers instantaneously with additional cash needs,” said Jim Pugh, President & CEO for Internet Methods, Inc.
“Working with iMethods lets us reach out to alternative markets,” said Mark Acevedo, Vice President Sales Development for Travelex. “My Travel Wallet” product solutions are proven to provide those much needed alternatives to protect cash when traveling. Travelex, typically markets its products through banks but finds the iMethods marketing opportunity through its Administrative Service Organization (ASO) platform to be a powerful marketing opportunity for us.”
About Internet Methods, Inc.
iMethods (www.imethodsusa.com) provides a comprehensive and unique suite of financial, insurance, and human resources-related products and services as well as cash delivery and management systems via its proprietary and patent-pending technology platform. The iMethods Service Access Processor engine and iMethods Marketing Exchange System, delivers a secured, closed-looped, internationally compliant financial processing engine to the Small- and Medium-sized Enterprise (SME) marketplace. Founded in 2000, iMethods is headquartered in Scottsdale, Arizona.
About Travelex
Travelex is the world’s largest foreign exchange specialist, with 664 retail branches at key airport, seaport and rail locations, in addition to tourist and business centers around the world. Around 40% of the world’s airline passengers, over 1.3 billion people, pass through airports at which Travelex is the retail foreign exchange provider, including the major gateways at London, New York, Hong Kong, Frankfurt and Sydney.
The Group is one of the world’s leading providers of outsourced travel money to banks, travel agencies and other financial institutions. Travelex is the world’s largest non-bank provider of commercial foreign exchange services, the world’s second largest issuer of Travelers Cheques and the largest provider of Visa branded Travelers Cheques globally. Following its $680 million acquisition of Thomas Cook Global and Financial Services in November 2000, Travelex acquired the rights for use of the Thomas Cook Global & Financial Services brand for up to five years.
This article courtesy of http://www.cardwalletonline.com. You may freely reprint this article on your website or in your newsletter provided this courtesy notice and the author name and URL remain intact.
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