Travelex prepaid card for overseas travel added to ABA travel money program.

• Position: ABA RESOURCES

THE ABA HAS ADDED the Travelex Corporate Cash Passport to its suite of endorsed prepaid solutions from Travelex, the world's largest foreign exchange specialist.

Corporate Cash Passport is a prepaid corporate currency card that helps manage the expenses, security and recordkeeping of overseas business travel, with significant benefits for companies using the service. The card can also be loaded in U.S. dollars for domestic travel.

This corporate travel card is a welcome addition to ABA's Travelex endorsement, according to John Wolff, president of Corporation for American Banking, ABA's subsidiary that endorses bank products and services on behalf of the association. "Through Travelex, banks can offer their commercial customers an innovative prepaid travel card that can reduce potential liabilities related to business travel expenses."

Corporate Cash Passport offers businesses...