Travelex & ICBA Launch Online Foreign Currency Services

23rd Jan 2002

Travelex and the Independent Community
Bankers of America are expanding on their 20-year relationship by launching a
new service for community banks, My Travel Wallet.
My Travel Wallet allows
consumers to purchase foreign travel cash and other international travel
essentials online through community bank Web sites.
Through My Travel Wallet, community banking customers can choose from more
than 70 foreign currencies, foreign currency travelers cheques and
TravelSolve, a travel assistance program that provides access to a wide range
of emergency, travel, financial and concierge services for a full 90 days—
all for home delivery as quickly as overnight.
“Traditionally many community banks have had to choose between the expense
and risk of offering foreign currency themselves, or referring customers to
larger financial institutions to meet the needs of their customers. We feel
that My Travel Wallet offers a better solution for the bank, while delivering
enhanced convenience to the customer,” said Robert Gulledge, ICBA chairman.
“We are pleased to be able to offer this new service to ICBA members. My
Travel Wallet strongly complements the existing Visa Travelers Cheque program
and offers community banks the opportunity to broaden their foreign exchange
services at no cost and with no impact on their branch operations,” Tom
Tucker, Travelex senior vice president of sales development.
My Travel Wallet also features an unlimited exchange rate calculator and
offers free 2-day shipping for orders over $500. Orders placed through My
Travel Wallet can be paid for using a Visa or MasterCard credit or debit card.

ICBA is the primary voice for the nation`s community banks, representing
5,000 institutions at nearly 17,000 locations nationwide.  Community banks are
independently owned and operated and are characterized by attention to
customer service, lower fees and small business, agricultural and consumer
lending.  ICBA`s members hold more than $486 billion in insured deposits, $592
billion in assets and more than $355 billion in loans for consumers, small
businesses and farms. They employ nearly 239,000 citizens in the communities
they serve.



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