Travelex's 'GEO' for Cross-Border Payments Crowned Innovation of the Year

London (ots/PRNewswire) - GEO, Travelex's next
generation payments solution, has been crowned "Innovation of the
Year" by Financial-i, it was announced today.

Launched at SIBOS 2010, GEO confirmed Travelex's position as the
clear industry leader in global business payments and beat the major
global banks and top-tier software providers to receive Financial-i's
top industry award.

Travelex's GEO was awarded top honours for its depth and breadth
of functionality, ease of implementation and interface,
interoperability, cost savings and how the solution helps firms
address business issues.

GEO, released initially for Financial Institutions, offers a
scalable, secure and flexible platform that simplifies global
payments and increases profitability by enabling the customers of
these Financial Institutions unique access to Travelex's powerful
global payments network.

David Sear, Managing Director, Travelex Global Business Payments
commented, "GEO marks a significant shift in the transfers sector
toward intelligent routing of cross border payments for significantly
lower cost and improved transparency on payments across and within
currencies. We are delighted to have been awarded the top honour in
global transaction banking by Financial-i.

"GEO offers a uniquely global and easily accessed infrastructure,
facilitating new revenue streams and dramatically improving service
levels for organisations generally and Financial Institutions'
customers more specifically."

Anita Hawser, Editor of Financial-I, commented, "Competition was
fierce across a number of categories this year as banks and financial
software vendors invested more heavily in innovations designed to
make the user experience more personalised - GEO stood out in this
regard."

About Travelex Global Business Payments

Travelex is a global foreign exchange specialist providing the
payment and receipt of domestic and international funds for
businesses of all sizes. For more than 30 years, Travelex has
provided clients with sophisticated market knowledge, leading edge
technologies and practical and innovative solutions tailored to
individual requirements.

Every year, Travelex processes payments around the world for over
35,000 businesses to one million beneficiaries.

For more information, visit http://www.travelexbusiness.com.

Media Contacts
Caroline Parker / Rob Arnott
FD
+44-(0)20-7269-7295 / +44-(0)20-3077-0404
Caroline.Parker@fd.com / Rob.Arnott@fd.com

ots Originaltext: Travelex Global Business Payments
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Contact:
CONTACT: Media Contacts: Caroline Parker / Rob Arnott,
FD,+44-(0)20-7269-7295 / +44-(0)20-3077-0404Caroline.Parker@fd.com /
Rob.Arnott@fd.com