- Next Generation International Payments Solution Recognised for Impact
on Banking Industry
LONDON, Dec. 20 /CNW/ - GEO, Travelex's next generation payments
solution, has been crowned "Innovation of the Year" by Financial-i, it
was announced today.
Launched at SIBOS 2010, GEO confirmed Travelex's position as the clear
industry leader in global business payments and beat the major global
banks and top-tier software providers to receive Financial-i's top
Travelex's GEO was awarded top honours for its depth and breadth of
functionality, ease of implementation and interface, interoperability,
cost savings and how the solution helps firms address business issues.
GEO, released initially for Financial Institutions, offers a scalable,
secure and flexible platform that simplifies global payments and
increases profitability by enabling the customers of these Financial
Institutions unique access to Travelex's powerful global payments
David Sear, Managing Director, Travelex Global Business Payments
commented, "GEO marks a significant shift in the transfers sector
toward intelligent routing of cross border payments for significantly
lower cost and improved transparency on payments across and within
currencies. We are delighted to have been awarded the top honour in
global transaction banking by Financial-i.
"GEO offers a uniquely global and easily accessed infrastructure,
facilitating new revenue streams and dramatically improving service
levels for organisations generally and Financial Institutions'
customers more specifically."
Anita Hawser, Editor of Financial-I, commented, "Competition was fierce
across a number of categories this year as banks and financial software
vendors invested more heavily in innovations designed to make the user
experience more personalised - GEO stood out in this regard."
About Travelex Global Business Payments
Travelex is a global foreign exchange specialist providing the payment
and receipt of domestic and international funds for businesses of all
sizes. For more than 30 years, Travelex has provided clients with
sophisticated market knowledge, leading edge technologies and practical
and innovative solutions tailored to individual requirements.
Every year, Travelex processes payments around the world for over 35,000
businesses to one million beneficiaries.
For more information, visit http://www.travelexbusiness.com.
SOURCE TRAVELEX GLOBAL BUSINESS PAYMENTS
For further information: For further information:
Caroline Parker / Rob Arnott
+44-(0)20-7269-7295 / +44-(0)20-3077-0404
Caroline.Parker@fd.com / Rob.Arnott@fd.com