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Transat Distribution Canada renews long term foreign exchange agreement with Travelex

Toronto, December 7, 2010

Transat Distribution Canada the leading retail distributor of holiday travel in Canada renews long term foreign exchange agreement with Travelex the world’s largest currency specialist. This strategic partnership enables the Transat Distribution Canada’s travel agency network to provide an enhanced customer experience by bringing our customers unique additional value and convenience.

“Transat is a very dynamic and innovative organization” says Tracy Hammock, SVP Outsourcing for Travelex “and we are very pleased to work with them to deliver foreign exchange and prepaid card solutions to their customers”.

“At Transat Distribution Canada we continually strive to offer our agencies and members, value added products and services that are unmatched in the industry. Foreign currency services enhance our agency’s portfolio of products making our agencies a one-stop travel shop for the customers. These additional products enable our agencies to differentiate themselves from other agencies in the market place and drive customer loyalty.”, said Yves Lalumiere, TDC Vice President and General Manager.

The alliance allows Transat Distribution Canada to provide our customers with a variety of products and distribution channels to purchase foreign currency products at their local Transat Distribution Canada one stop shop travel agency.

  • Purchasing travel currency online - orders can be made 24 hours a day, 7 days a week at our customer’s convenience using their VISA or Mastercard credit card on the Travelex secure site without opening an account.
  • Cash Passport™ prepaid Canadian dollar currency card available at participating locations. Just like a bank card, our customers can use their Cash Passport at most ATMs or millions of retailers worldwide where Visa is accepted. The card is PIN and signature protected and not linked to a bank account.  The card is also reloadable for either the same trip or future trips. The Cash Passport is the secure and convenient way to spend abroad, all our customers need to worry about is what to spend it on!
  • CashPax™ is a convenient, bill-sized packet of travel currency in small denominations. Assisting our customers to land at destination with enough local currency for taxis, tips and a bite to eat relieves some traveller stress. CashPax come in preset amounts in the following currencies; Australian dollars, British pounds, Dominican pesos, Euros, Japanese yen, Swiss Francs and Mexican pesos, available at participating locations.
  • Customers can visit one of our Travel Currency Exchange locations, customers that book travel with a Transat Distribution Canada agency receive additional benefits. We buy and sell over 80 different foreign currencies and stock a wide variety in various denominations at our locations to save our customers time. Customers can also sign up for our free rate watch service and we will watch their requested exchange rates for them. For additional savings, Travel Currency Exchange locations offer Value Packs with 0$ Fee Buy Back and rate discounts.

Both CashPax and Cash Passport offer greater security than carrying large amounts of cash, something a recent survey conducted by Travelex shows is a priority for travelers. Cash Passport comes with Global Emergency Assistance which offers customers a number to call for assistance 24-hours a day for lost wallets or passports, legal or medical assistance, and translation services. If the card is lost or stolen the balance is protected and can be replaced in as little as 20 minutes in most locations around the world.

For more information on the innovative foreign currency Cash Passport cards please visit www.cashpassport.com/ca

About Transat Distribution Canada

Transat Distribution Canada is Canada’s leading retail distributor of holiday travel, with approximately 450 outlets. The distribution network, which is affiliated with Transat A.T. Inc., includes the Club Voyages, Voyages en Liberté, TravelPlus, tripcentral.ca and Marlin Travel banners. Transat A.T. Inc. is an integrated international tour operator with more than 60 destination countries and that distributes products in over 50 countries.

Travelex Outsourcing

Travelex is the world's foreign exchange and international payments specialist. Operating through subsidiaries and branches in five regions: the United Kingdom; Europe, Middle East and Africa (EMEA); Americas and Asia Pacific.

As one of the world's leading providers of outsourced travel money to banks, travel agencies and other retailers it provides products including its prepaid travel card Cash Passport to over three million channel customers annually. Through its world-leading automation Travelex offers consumers a full range of delivery channel options including telephone and web-based ordering.


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