Postilion, a financial solutions provider, has announced that Travelex, a foreign exchange firm, has implemented its payment processing platform to deliver a range of currency exchange services through a network of ATMs.
By using Postilion, Travelex can offer multiple currencies through the ATM and continuously update exchange rates throughout the day without service interruption. This service complies with stringent FXD/DCC processing rules set by card associations and has been certified by the leading ones.
Dan Gilby, product manager for FX & DCC products at Travelex, said: One of our key business objectives is to offer our customers the simplest service possible. We decided to use Postilion to drive our new ATMs as the product is extremely robust and flexible, allowing us to deliver complex new services with minimal customization and to completely modernize our delivery model. By enhancing our proposition to customers with these self-service ATMs, we can offer a round-the-clock service which further removes the complexity of the exchange process and provides our customers a better understanding of the fees involved in ATM transactions.