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Citicorp Launches Smart Visa Travelmoney Card

Travellers can now access their travel funds worldwide, 24 hours a day with the launch in New Zealand of Citicorp Visa TravelMoney through the branch network of Travelex worldwide Money.

The Visa TravelMoney Card is a disposable, pre-paid card that allows travellers to withdraw cash from over 500,000 Visa ATMs in 120 countries. It can be purchased for any amount over USD$500.

Availability in New Zealand comes on the back of its introduction to Australia 18 months ago, where the card has enjoyed phenomenal success.

Citicorp's vice president - travel payment services, Mr Ian Nott, says a similar result is anticipated here amongst New Zealand's high frequency and holiday travellers.

"Visa TravelMoney offers a simple, more secure and convenient method of accessing cash when travelling. It functions like an ATM card and is protected by an individual personal identification number (PIN)".

Further security is assured by the fact that funds are stored not on the card but centrally on a Visa host system, minimising loss or theft as anyone finding or stealing the card cannot access the funds without the PIN. For card replacement, Visa will re-issue a Visa TravelMoney card within 24 hours anywhere around the world.

Mr Nott says the card is effectively an electronic form of travellers cheques. Funds are pre-purchased and can be drawn down at any time. Up to 9 cards can be purchased to access the same funds, making it a great option for a family travelling.

Visa TravelMoney cards have no expiry date and funds remaining on the card can be saved for future travel or cashed out.

With a Visa TravelMoney card, travellers no longer have to organise multiple currencies prior to their trip. They need only purchase a single Visa TravelMoney card which they can use in any ATM displaying the Visa logo to access cash in the currency of their destination.

Visa TravelMoney will initially only be available from Travelex branches in New Zealand.

ENDS....

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