Travelex takes Pulse subsidiary
(23 November 2007 – Australia) FX company Travelex has agreed to buy Pulse Pos Pty Ltd, a subsidiary of Pulse International.
Travelex described the purchase as strategic, saying it would enable the company to deploy Australian developed Dynamic Currency Conversion (DCC) technology across Asia Pacific.
The technology instantly recognises foreign credit cards, and allows retail and online merchants to offer foreign cardholders the option of paying in the cardholder’s home currency.
Travelex Outsourcing regional divisional director, Graham Perry, said Travelex was well positioned to drive its multi-currency transactions around the world and that interest in the DCC offering was building steadily.
He said Travelex had more than 1000 merchants using the service in Australia, including an alliance with ANZ and the National Bank in New Zealand.
By partnering with Travelex, banks can offer merchants a DCC capability.
The technology instantly recognises foreign credit cards, and allows retail and online merchants to offer foreign cardholders the option of paying in the cardholder’s home currency.
Travelex Outsourcing regional divisional director, Graham Perry, said Travelex was well positioned to drive its multi-currency transactions around the world and that interest in the DCC offering was building steadily.
He said Travelex had more than 1000 merchants using the service in Australia, including an alliance with ANZ and the National Bank in New Zealand.
By partnering with Travelex, banks can offer merchants a DCC capability.
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