“Atos and Travelex strengthen partnership with major new contract”
London, 22nd November 2011
Partnership will deliver cross-border card payment functionality
Builds on global support for Travelex's payments platformAtos, the international IT services company, today announced that it has signed a major five year contract with Travelex, the world's leading specialist provider of foreign exchange and international payments for consumer and business customers.
Under the five year agreement Travelex and Atos Worldline, which brings together Atos core expertise in hi-tech transactional services, will collaborate to provide enhanced cross-border card payment capabilities.
The partnership will allow shoppers at over 72,000 point of sale machines in Atos Worldline's participating merchant network in Europe to pay in their preferred currency. Travelex Currency SelectTM enables acquirers to provide shoppers with transparency, certainty and choice at the point of sale.
Atos Worldline has global experience in providing merchant acquirers with payment solutions. Travelex also effectively operates as an acquirer in its own right with its global ATM network as well as its own “direct-to-market” merchant acquiring business.
This expertise in foreign exchange complements Atos Worldline's position as a leading commercial acquirer in Europe with a significant merchant portfolio, especially in the Benelux region.
Atos Worldline and Travelex will work to deploy the cross-border card payment functionality solution on card-present (POS) and card-not-present e-Commerce channels to European merchants in 2012.
Commenting on this announcement, Peter Jackson, Chief Executive Officer of Travelex said: “This deal demonstrates our ability to develop and deploy innovative foreign exchange payment solutions in growth market segments that are outside our traditional retail sphere. Atos Worldline is the ideal partner with deep expertise in card acceptance solutions and payments in general. We look forward to growing our joint business together.”
Joe Edwards, Senior Vice President for Sales and Marketing, Atos said: “Through our partnership with Travelex, we can provide them with our specialist expertise in electronic transactions, which is essential to the growth of their business. We already have a very solid relationship with Travelex by supporting their e-commerce strategy, and we are looking forward to cementing this relationship further.”
Earlier this year, Atos and Travelex further extended their relationship via a Systems integration (SI) agreement. Atos has been a key supplier of IT solutions and services to Travelex for some years and continues to provide support and delivery capabilities across the Travelex IT estate”.
Atos is an international information technology services company with annual revenues of EUR 8.6 billion and 74,000 employees in 42 countries. Serving a global client base, it delivers hi-tech transactional services, consulting, systems integration and managed services.
Atos is focused on business technology that powers progress and helps organizations to create their firm of the future. It is the Worldwide Information Technology Partner for the Olympic Games and is quoted on the Paris Eurolist Market. Atos operates under the brands Atos, Atos Consulting, Atos Worldline and Atos Worldgrid.
About Atos Worldline
Atos Worldline implements Atos Hi-Tech Transactional Services in the field of payments, eCS and financial markets. A leader in end-to-end services for critical electronic transactions, Atos Worldline is specialized in electronic payment services - issuing, acquiring, terminals, card and non card payment solutions & processing - ; eServices for customers, citizens and communities ; as well as transactional services for financial markets. Atos Worldline on-going commitments to research and innovation enable its customers to benefit from award-winning solutions in areas such as mobile payments, secure IPTV, online CRM and paperless solutions. Atos Worldline generates annual revenues of € 867 million and employs over 5,400 people in the world.
For more information, please visit: atosworldline.com
Founded in 1976, Travelex has grown to become the world's leading specialist provider of foreign exchange. Travelex processes £20bn of foreign exchange transactions every year.
The Group's consumer focused operations provide cash and pre-paid cards to over 30 million retail customers each year through a network of over 1,000 stores and over 500 ATMs spread across 25 countries. Travelex also has partner relationships in over 100 countries and 20,000 locations across the globe, providing foreign currency solutions to financial institutions, supermarkets & travel agencies as well fulfilling individual orders for their customers. Products and services include FX ATM's, retail banknotes, wholesale banknote fulfilment, the distribution of insurance policies and the issuing of prepaid cards to individuals travelling for business and leisure purposes.
Travelex recently sold its cross border corporate payments business – Travelex Global Business Payments (TGBP) - to Western Union for c~$1billion. This deal completed on 7th November 2011.
The partnership between Atos and Travelex will involve new technology, integration, people and process change and deployment to a large user base.
Tel + 44 (0)207 878 3255
Travelex Currency Select
James Ling, Head of Global Business Development
Tel +61 419 597 287
Mary Lee Muir, Head of Business Development, Europe
Tel +44(0) 7917 068 251