US-headquartered banking and payments
technology vendor, FIS, has agreed a deal to manage the UK Post
Office’s new prepaid travel card, the Travel Money Card
Plus.

The Post Office is the
largest provider of foreign exchange in the UK.

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The Post Office Travel
Money Card Plus is offered in Euro, US dollars and Sterling
denominations and is sold at more than 3,000 Post Office
branches.

It is also available
online at http://www.postoffice.co.uk/ and
will be processed centrally by FIS.

Az Alibhai, Post
Office’s head of cards, said:

“Working with FIS has
enabled us to enhance the functionality of our cards and given us
access to a wider range of card and customer service applications
including online payments, SMS messaging and call centre
services,”

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Ian Benn, managing
director, FIS Payment Solutions, said:

“The demand for prepaid
cards is continuing to rise, and consumers are becoming better
informed and more discerning about the product they
choose.”