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Sending Money Around the Globe Just Got Easier

Travelex's new GlobalPay update lets companies better monitor currency risk and cash management through greater transparency and real-time tracking functions, the company says

By Staff Writer | Updated on June 16, 2008

Travelex has updated its GlobalPay international business payment service with new features that help all-size companies better monitor currency risk and cash management through greater transparency and real-time tracking functions. Users can call up electronic statements at any time for instant reconciliation, notes Adam Tiberi, Travelex vice president of global product management.

New features also allow companies to make domestic and international payments on the same screen and opt for low-value global payments, if speed is not an issue, by sending the transaction through the automated clearinghouse system (ACH) instead of the high-cost SWIFT messaging service.

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