Consumer Payment Card News

Cash Passport

The first prepaid foreign currency card in the U.S. is off to a flying start. Launched this month, the “Travelex Cash Passport MasterCard” enables cardholders to lock-in their rate for British Pounds or Euros. The new card is available at more than 100 Travelex retail locations in the U.S. Two cards can be purchased with different account numbers that can access the same pool of money so travelers can share cards or have a back-up card should one be lost or stolen. Travelex says that if the card is lost or stolen the balance is protected and can be replaced in as little as 20 minutes around the world. It also carries with it all of the buyer protections and guarantees that come with any “Debit MasterCard” and includes “Global Emergency Assistance.” For more information visit: “http://www.travelex.com/”:http://www.travelex.com/

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