What is a Travel Card?

Travel cards are re-loadable (fundable) prepaid cards that can be used by consumers the same as cash at millions of retail locations worldwide that accept MasterCard or Visa. They are an alternative to traveller's cheques or carrying cash and are a safe and convenient way to manage your funds' requirements when travelling.

Travel cards also provide access to cash in local currencies through ATM machines worldwide. Travel cards are commonly made available through financial institutions, auto clubs, insurance companies and can be purchased at retail locations as well.

How Travel Cards Work

Travel cards are prepaid MasterCard or Visa cards. The travel card, once activated and loaded with funds can be used at millions of MasterCard and Visa retailers worldwide just like a regular credit card. The only difference is that there is no credit involved and the available spending amount is pre-set by the amount funded to the card. They are physical cards with a magstripe bearing the Visa or MasterCard logo.

The cards can be used online for travel and at retail POS locations and ATM's. In addition, Travel Cards can be safely re-loaded (funded) online.

Program Manager Benefits

• Unique product to offer to clients
• Easy to incorporate into existing offerings
• Helps clients resolve common travel issues

Recipient Benefits

• Safe alternative to cash when travelling
• Cards accepted worldwide at retail and online
• Can access cash in local currency
• Card locations worldwide
• Protects against theft, identity fraud and loss of cash when travelling
• No interest or late fees payable

Card Features

• Re-loadable (fundable) prepaid card
• MasterCard or Visa logo
• Worldwide point of sale access
• Custom card designs available
• Card activity and balance information available via Web or IVR

How Transact Network Can Help With Your Travel Card Needs

Transact Network is a full-service prepaid services provider and can assist you in entering the travel card market. Our services range from turnkey, off-the-shelf travel cards to fully custom designed programs.