Atos, the international IT services company, has 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 represents Atos’s high-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 Select 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.
Atos believes that 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 plan 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.