Travelex Appoints New Managing Director to Drive Growth in North America Region

LOUISVILLE, Ky., May 26 /PRNewswire/ — In line with Travelex’s global leadership in foreign currency exchange and the growing prepaid currency card market, the company has announced that Steve O’Donovan from Travelex’s European Outsourcing business will now also serve as the Managing Director for the United States market.

Mr. O’Donovan has been with Travelex for 10 years and has successfully grown the European business which now partners with the majority of financial institutions and retail businesses to provide outsourced travel money. During his time with Travelex he has been responsible for the UK travel money outsourcing business, Cash Passport prepaid cards, foreign exchange ATMs and Dynamic Currency Conversion solutions. Mr. O’ Donovan has worked with a wide range of Travelex’s UK clients such as: Thomas Cook, Co-op Travelex HSBC, Halifaxbank of Scotland, RBS, Nat West, Barclays, Tesco and Sainsbury’s.

Said Mr. O’Donovan, “I think that the products and services, such as our Cash Passport prepaid currency card and foreign currency banknotes, offered in the States, show that we are developing our travel money offerings in bold new directions. I am looking forward to continuing the success we have had so far and also extending our reach and provision of even greater services to our customers.”

About Travelex

Travelex is the world’s foreign exchange, business payments specialist and leading provider of travel insurance, operating through subsidiaries and branches in these regions: the Americas, United Kingdom; Europe, Asia Pacific; and Middle East and Africa (EMEA). 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 currency card 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. For more information about Travelex or Cash Passport visit www.cashpassport.com and/or www.travelex.com/outsourcing, or call (402) 315-7863.

Source: Travelex

CONTACT: Bryan W. Alaspa of K Squared Communications, Inc.,

+1-773-774-7847, balaspa@ksqrd.com, for Travelex

Web Site: http://www.travelex.com/