Travelex, a London-based foreign exchange specialist, has penned an agreement with Transaction Network Services, a global provider of data communications and interoperability solutions, accoding to a company press release.
Per the agreement, Travelex will expand the card schemes available across its 1,050-strong ATM network. It will use TNS’ managed hosting service to maintain its Switch transactions and will now accept JCB, Discover, DCC and UnionPay cards, the company said.
TNS’ hosted managed service will support ATM transactions for local and foreign currencies as well as dynamic currency conversion. Prior to this new agreement, Travelex used an in-house service to handle transactions, combined with TNSLink ATM communications for ATM solutions.
“With a rich history in foreign currency, our business has always focused on ensuring consumers have access to the travel money they need,” Dan Gilby, global head of acquiring at Travelex, said in the release. “The promises of fintech market entrants have transformed the market as we knew it, but cash still remains at the center of payments and travel money even as consumers increasingly look for a wider range of options. Thanks to our long-standing relationship with TNS, we’re thrilled to be making this latest strategic enhancement to our ATM business, expanding our services to a greater number of credit card brands.”
Travelex operates ATMs in 12 countries across Europe and Asia Pacific regions, including the U.K., France, Netherlands, Australia and Hong Kong.
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