Corporatepay Appointed To Develop Travel Money Services For The Monarch Travel Group

Top Quote The Monarch Travel Group has appointed travel money experts CorporatePay, to develop a range of travel money services for its customers. End Quote
  • (1888PressRelease) June 18, 2010 - The Monarch Travel Group has appointed travel money experts CorporatePay, to develop a range of travel money services for its customers including prepaid currency cards for Eurozone and Worldwide travel and a currency delivery service.

    Tim Jeans, Managing Director of Monarch, said "CorporatePay's extensive payment industry knowledge has enabled us to develop a range of bespoke travel money services that meet both our requirements and those of our passengers. The company's travel industry expertise and proven white label capability have enabled us to deliver a truly differentiated foreign exchange offering that will drive revenue and build long term relationships with customers."

    Monarch will be offering two MasterCard® prepaid cards: a Eurozone card, which customers can load with Euros for use in Europe, and a Worldwide and Discounts card, which customers can load with sterling for conversion into local currency when used anywhere else in the world. Both cards are great value and can be used to withdraw cash from ATMs or to make purchases. The airline will also provide a next day cash delivery service in 20 different currencies, with orders over £500 delivered free the next day.

    In addition to offering great value foreign currency compared to bank cards or bureaux de change, the Monarch Worldwide & Discounts card is the first prepaid MasterCard to offer exclusive discounts through membership of the Countdown discount scheme. This scheme offers travellers savings of up to 50% at over 100 big name high street retailers and over 25,000 outlets nationally, meaning customers can get value from their card year round and not just on their travels. The card is loaded with Pounds, and funds converted at a competitive exchange rate at the point of transaction when used overseas.

    Myles Stephenson, CEO of CorporatePay, said: "We are delighted to have developed a comprehensive currency solution for the Monarch Travel Group."

    "CorporatePay delivers bespoke white labelled travel currency products for travel trade partners looking to extend their brands, strengthen customer relationships and increase revenue."

    The MasterCard prepaid cards can be used anywhere the MasterCard Acceptance Mark is displayed, currently over 30 million locations and 1.5 million ATMs worldwide, and is a convenient way to take foreign currency abroad. The card is Chip and PIN secure and can be cancelled in the event of theft or loss and the balance transferred to another card.

    The CorporatePay travel card platform offers a full range of currency services including Sterling, Euro and Dollar prepaid currency cards and a currency delivery service. The proprietary platform has been actively developed to meet the demands of the travel industry and includes the capability to take orders via call centre operatives or to integrate the services into the client's existing travel booking systems.

    For further information regarding CorporatePay, visit
    For further information about the Monarch Prepaid MasterCard Cards, visit

    MasterCard® is a registered trademark of MasterCard International Incorporated. The Monarch prepaid MasterCard is issued by Newcastle Building Society ("NBS") pursuant to licence by MasterCard International. NBS is authorised & regulated by the Financial Services Authority as an issuer of e-money (registration no. 156058).

    About Monarch:
    Monarch operates scheduled and charter flights from a number of UK airports including: Birmingham, London Gatwick, London Luton and Manchester. Scheduled flights operate to destinations throughout Spain, Portugal, Cyprus, Turkey and Gibraltar, whilst charter services operate worldwide. In addition to flights, Monarch also offers a huge range of great value holidays, accommodation options, car hire, travel insurance and foreign currency, all of which can be booked via

    For further information or to book Monarch flights, Monarch Holidays or Monarch Hotels, please visit

    About CorporatePay:
    The Monarch prepaid cards are delivered by CorporatePay. We deliver market leading corporate and consumer prepaid card programmes with a strong focus on the travel industry combining extensive payment industry knowledge with deep sector expertise. Our white labelled travel card programmes enable clients to extend their brand and service. Our card programmes and platform enable our clients to maintain strong customer relationships through the ongoing use of the data and usage of cards.

    CorporatePay provides its clients with fully managed prepaid card solutions including programme design, account opening, funding services, fraud management, card processing, card production, customer service, and management information for corporate clients, partners and resellers.

    For further information please visit:

    About Countdown:
    Countdown is one of the world's largest privileged shopping networks with over 1.5 million members. The Countdown discount scheme provides savings of up to 50% at over 100 big name high-street retailers and over 25,000 local shops and services in the UK. Discounts are easily accessible all over the country, often by showing the card when it comes to paying, or by using the Monarch card to purchase vouchers and gift cards online or over the phone. For further information please visit:

    About Newcastle Building Society Card Solutions
    Card Solutions offers BIN sponsorship, card issuance, settlement services and complete regulatory compliance. It is currently ranked as the largest provider in UK and Europe by MasterCard on monies settled, and seventh globally on MasterCard prepaid network, with over 200 live schemes. It has over 1.25 million of its issued cards active month on month settling over $1.3 billion annually. The Society is a MasterCard Principal Member, with the most MasterCard approved prepaid programmes in the UK.

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