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SIMPLIFIED BUSINESS PAYMENTS
MAKING INTERNATIONAL
   PAYMENTS SIMPLE
   Travelex Global Business Payments is a business division of Travelex. We are the world’s
   leading provider of international payments, with trading floors on four continents,
   operations in over 30 countries and partnerships with over 4,000 financial institutions.




As well as being a known and trusted brand, we are                       Specialists in payments                      Businesses trust Travelex

a truly global operation with payments experts all over                  Travelex’s growth is based on exceptional    More than 30,000 businesses trust us to
                                                                         customer service and specialist              handle their international payments to over
the world handling payments to virtually anywhere,                       knowledge. Unlike the high street banks,     a million people every year.
in any traded currency.                                                  we are specialists in foreign exchange
                                                                                                                      Our innovative payment technology
                                                                         and international payments. We have a
                                                                                                                      platforms ensure that we provide
                                                                         thorough understanding of our customers’
                                                                                                                      unrivalled accuracy for our clients’
                                                                         needs, so we can tailor our services to
                                                                                                                      payments, and we were delighted to win
                                                                         match your requirements.
                                                                                                                      the Bank of New York Mellon Award for
                                                                         We pride ourselves on our level of service   accuracy for our payments service in 2007.
                                                                         and we work hard to earn the trust of
                                                                                                                      We have tailored industry solutions for law
                                                                         our customers. Our dedicated dealers
                                                                                                                      firms, financial institutions and universities,
                                                                         and local customer service team are
                                                                                                                      to name but a few.
                                                                         at the end of the phone if you have any
                                                                         queries, giving you a direct relationship    Our charges and fees are transparent.
                                                                         with a global payment specialist who         We offer competitive rates and all fees are
                                                                         understands your requirements.               stated in advance.




Phone: (866) 456 3963 | E-mail: contactTGBP@travelex.com | www.travelexbusiness.com/na
1




At Travelex, we make global payments easy for any business.
We specialize in implementing customized payment solutions
that allow you to spend less time managing your payments,
and more time managing your business.




Phone: (866) 456 3963 | E-mail: contactTGBP@travelex.com | www.travelexbusiness.com/na
2




    GlobalPay interfaces directly with your internal systems to eliminate
    inefficiencies and to speed up your payment process.




    Phone: (866) 456 3963 | E-mail: contactTGBP@travelex.com | www.travelexbusiness.com/na
3




   STREAMLINING THE PAYMENT
   PROCESS


At Travelex we believe that making and       Helping you to expand your business         Reducing the risks and costs
receiving payments should be simple,         globally and strengthen relationships       associated with business payments
quick and accurate, which is why we have     with suppliers
                                                                                         With GlobalPay, you can now manage all
introduced GlobalPay, our intuitive online
                                             With GlobalPay you can access prices in     your business payments (both domestic
payments system.
                                             local currencies quickly and you can        and international) and take advantage
GlobalPay interfaces directly with your      make and receive payments without           of low cost payment options, as well as
accounting, treasury or ERP (Enterprise      opening and maintaining different           incoming checks or wires.
resource planning) system, to eliminate      currency accounts.
                                                                                         At a glance, GlobalPay allows you to pro
inefficiencies and speed up your payment
                                             Tracking Payments                           actively manage your currency exposure
process.
                                                                                         for payments that are coming up. On a
                                             GlobalPay keeps you informed. You can
It allows you to manage all your                                                         single screen you can see your scheduled
                                             track your payments through the system,
international and domestic payments                                                      incoming and outgoing payments across
                                             seeing the status of any payments easily.
using a simple single point of entry                                                     all currencies, allowing you to make
                                             We will also email your beneficiaries as
system, saving you time.                                                                 decisions about your cash flow and
                                             soon as your payments are released
                                                                                         currency exposure quickly and easily.
                                             to them.




Phone: (866) 456 3963 | E-mail: contactTGBP@travelex.com | www.travelexbusiness.com/na
4
4



       UNDERSTANDING
       THE PAYMENT ISSUES



       A recent survey of high level financial executives                             Many companies will relate to the following issues:
       revealed that on average, companies juggle six                                Global cash management                 Payment errors
       foreign currency accounts. So it’s not surprising                             • Exposure to currency fluctuations     • Errors are not detected quickly.
                                                                                       on incoming or outgoing funds.
       that one-third of companies reported they have                                                                       • Multiple currency conversions
                                                                                     • Lack of visibility of incoming and     during error resolution.
       frictional or idle cash tied up in those accounts.                              outgoing payments.
                                                                                                                            • Time spent correcting beneficiary
       The facts                                                                     • Poor understanding of hedging          information.
                                                                                       products.
       • 40% of businesses surveyed process international payments manually
         through methods that aren’t integrated with their ERP
         or accounting system(s).

       • 13% of the sample either call or visit their bank(s) to process payments.

       • 25% of businesses are using multiple online bank platforms.
                                                                                     GlobalPay helps you to manage          Using GlobalPay can reduce
                                                                                     risk and make informed decisions       payment errors significantly
       All statistics referenced were generated through a spring 2008 Travelex
       Global Business Payments survey of Treasury and Risk Magazine readers




    Phone: (866) 456 3963 | E-mail: contactTGBP@travelex.com | www.travelexbusiness.com/na
5




Cost                                   Delivery and receipt                    Payment tracking

• Final costs only established after   • Not all payment types are supported   • No automatic reconciliation of foreign
  the transaction has completed.         by existing systems.                    exchange transactions.

• Lack of transparency of costs        • Not all currencies available.         • Lack of visibility of released and
  and fees.                                                                      cleared funds.
                                       • Delay in clearing incoming funds.
• Loss of interest on international                                            • Time intensive manual tracking and
                                       • Unclear when payments are received
  payments.                                                                      chasing.
                                         and cleared.
                                                                               • Lack of payment information for
                                                                                 suppliers.




We are committed to low,               GlobalPay makes delivery and receipt    GlobalPay provides an
simple and transparent pricing         of funds quicker and more visible       end-to-end tracking system




Phone: (866) 456 3963 | E-mail: contactTGBP@travelex.com | www.travelexbusiness.com/na
6




        UNDERSTANDING
        THE PAYMENT ISSUES


    How does GlobalPay work?                      Making payments quick and easy               Helping your business to save time
                                                                                               and resources
    It’s quite a simple concept. We have          Your beneficiary details are stored within
    an intuitive, secure, web-based online        GlobalPay making it quick and easy to set    GlobalPay eliminates the need to use
    payments system that you log into to          up your payments, and it has a unique        multiple banking systems and the need
    make and receive payments in any              ‘Find a bank’ search facility.               to hold foreign bank accounts.
    traded currency.                                                                           You simply schedule all of your payments
                                                  GlobalPay holds details of your payments
                                                                                               and receivables through a single
    This online system, with a single             and balances of currencies so it’s easy
                                                                                               Travelex account.
    interface, can manage all types of            to see when you need to increase
    payments; incoming, outgoing, domestic,       your currency balances to fund future
    international, electronic wires and drafts.   payments.

    You can also fund your payments from          That’s not all. GlobalPay has a unique
    multiple bank accounts, using your            track-and-trace facility that means
    Travelex GlobalPay account to hold            that your payments are fully trackable
    balances for up to 90 days.                   through the process. And our ‘Pay Alert’
                                                  service provides your beneficiaries with
    Alternatively, we can integrate GlobalPay
                                                  notification the moment a payment is
    into your own accounting or ERP system
                                                  released.
    so that it becomes part of your workflow.
    We work with the leading software             GlobalPay will determine the most efficient
    vendors: SAP, Oracle and Peoplesoft,          route for your payments - either the
    for example, to coordinate payments           international SWIFT network or our global
    services into a single workflow.               network of bank accounts to make sure
                                                  payments are fast and accurate.



    Phone: (866) 456 3963 | E-mail: contactTGBP@travelex.com | www.travelexbusiness.com/na
7




   UNDERSTANDING
   THE PAYMENT ISSUES

How we compare
                                                                         Scheduling Payments
 Payment Services                                  Bank   Travelex
                                                                         You can retain foreign currencies for up to 90 days to fund future payments in that
 Single point of entry system for multiple types                         currency. This means you can save money because you won’t need to convert your
 of payments                                                             overseas funds to dollars, and then back to the foreign currency again when you need to
                                                                         make further payments.
 Web based online system that can integrate
 with your own ERP or accounting system                                  GlobalPay eliminates the need to maintain costly multiple banking systems and foreign bank
                                                                         accounts. You simply schedule all of your payments through a single Travelex account.
 Pro active error prevention tools

 Global payments specialists in-country                                  MANAGE HOLDING BALANCES
                                                                                                  View Balances Only      | Include Pending          | View Forwards        | View Scheduled Payments
                                                                                                                                Expected Release                                              Detailed View/
 Pay Alerts for beneficiary                                                Currency & Transaction Description    Confirmation
                                                                                                                                 or Available Date
                                                                                                                                                               Amount              Balance
                                                                                                                                                                                                 Modify
                                                                          CHF - Swiss Franc
                                                                               Current Available Balance                                                                               0.00
 Upfront pricing tools                                                         JOHN SMITH                      UCP3000001_001                                  18,000.00
                                                                               Current Book Balance                                                                               18,000.00
                                                                               EFG INSURANCE COMPANY USP1002205_008                     16/05/2008             (5,000.00)         13,000.00
 Full visibility of cashflows in and out                                        (SWITZ)
                                                                               MOTOHAUS MOTORRAD     USP1002205_010                     16/05/2008             (7,000.00)          6,000.00
                                                                               CAFE - ST MORITZ
                                                                                                               USP1002205_009           25/06/2008             (6,000.00)              0.00
 Simple beneficiary management system                                           Ending Book Balance
                                                                                                                                                                                       0.00
                                                                          EUR - Euro
 Full track and trace facility for you and your                                Current Available Balance                                                                               0.00
 customers/suppliers                                                           PETER JONES                     UCP3000001_001                                  11,500.00
                                                                               Current Book Balance                                                                               11,000.00
                                                                               FAST RACING CIRCUIT             USP1002205_005           05/05/2008             (2,500.00)          9,000.00
                                                                               BARZINI CUSTOM




Phone: (866) 456 3963 | E-mail: contactTGBP@travelex.com | www.travelexbusiness.com/na
8




    We provide at-a-glance information and access to market reports to
    help you make informed decisions about when to place your orders.




    Phone: (866) 456 3963 | E-mail: contactTGBP@travelex.com | www.travelexbusiness.com/na
9




   TAILORED TO YOUR
   BUSINESS




Make or receive payments to suit              International Payment Services               There are two types of forward
your business needs                                                                        contract: fixed and open.
                                              When you make or receive an international
We provide at-a-glance information and        payment and wish to convert the funds        A fixed forward is useful if a payment has
access to market reports to help you          into another currency, there will be a       to be settled on a particular date or if
make informed decisions about when to         foreign exchange transaction.                there’s a balance-sheet hedge (where the
place your orders to take advantage of                                                     risks are reduced by translating balance-
                                              The transaction can either be booked as
the prevailing exchange rates and how to                                                   sheet assets and liabilities into foreign
                                              a ‘spot’ deal or as a ‘forward’.
schedule your payments accordingly.                                                        currencies).
                                              A spot deal is a booked transaction used
You choose how you want to deal with us;                                                   An open forward can be used if a series
                                              to secure the prevailing exchange rate of
over the phone, online or by fax - whatever                                                of payments in the same currency are
                                              the day. A price can be quoted either over
suits you.                                                                                 planned over the course of a year. So,
                                              the phone or online, and your order is
                                                                                           if you have future payments to be made
                                              placed immediately.
                                                                                           in foreign currency with no particular
                                              A forward contract is an agreement to        settlement date, Travelex has the ability
                                              buy or sell an amount of foreign currency,   to price an open forward contract
                                              locking in today’s rate, for payment up to   comprising of two dates whereby partial
                                              one year in the future.                      or full delivery of the amount booked can
                                                                                           be taken between the two agreed dates.



Phone: (866) 456 3963 | E-mail: contactTGBP@travelex.com | www.travelexbusiness.com/na
10




        YOUR QUESTIONS ANSWERED



     Q. How can I save time inputting             Q. My company has multiple payment                FIND A BANK
                                                                                                    Search using bank details or an IBAN
       payment data and reconciling                 systems, ERP systems and                         IBAN:
                                                                                                     Or
       payment information?                         accounting software for different                Country:                Canada

                                                    types of payments. Won’t it be too               Routing Code/SWIFT:

     A. GlobalPay’s ‘Find a Bank’ facility                                                           Bank Name:              toronto dominion
                                                    difficult to introduce your system                City:                   toronto
        allows you to search for beneficiary                                                          Address:                1 king st
                                                    as well?
        bank details with only a few pieces of                                                       State/Province:

                                                                                                                                                                                                                          Search   !
        information. Once correct details have    A. No, GlobalPay has been designed                Select a bank branch and press save
                                                                                                                                                                                      Local Bank Routing   Bank Routing
        been located, the empty fields will be        to work alongside multiple systems,            Select             Bank Name              Address      City     State/Province           Code             Code            SWIFT
                                                                                                             TORONTO DOMINION
                                                                                                                                         1 King St W        Toronto Ontario          000410252             000410252
        automatically populated, so you can          simplifying the whole process for you.                  BANK
                                                                                                             TORONTO DOMINION
                                                                                                                                         1 King St W        Toronto Ontario          000410492             000410492
                                                                                                             BANK
        input new payment details very quickly.                                                              TORONTO DOMINION
                                                                                                                                         1 King St W        Toronto Ontario          000410042             000410042
                                                  Q. How can my company reduce                               BANK

        (see figure 1)                                                                                        TORONTO DOMINION
                                                                                                             BANK
                                                                                                                                         381 King St W 3Rd
                                                                                                                                         Fir
                                                                                                                                                           Toronto Ontario           000410202             000410202

                                                    the number of queries we receive                Page 1        of 1                                               1–4 of 4                                      Rows/Page All

                                                    from beneficiaries chasing their                                                                                                                                       Save     !

       In many cases, GlobalPay removes
                                                    payment?
       the need to key in data manually as it
       can accept an automatic file upload         A. When you make a payment, GlobalPay
       from your accounting system so you            sends a notification email to your
       can handle large or small volumes of          beneficiary so they know it is on its way.
       payments quickly and efficiently.              It’s called our ‘Pay Alert’ service.
                                                                                                 Figure 1 - GlobalPay’s ‘Find a Bank’ facility allows you to search
       What’s more, the system prepares                                                          for beneficiary bank details with only a few pieces of information
       reconciliation statements that are
       configured to automatically reconcile
       into your accounting or ERP system
       so you can improve your compliance
       process.

     Phone: (866) 456 3963 | E-mail: contactTGBP@travelex.com | www.travelexbusiness.com/na
11




Q. Most banks can’t tell me how                Q. How can I improve my company’s                                                                                                                                                                                                                                             E-mail | Logout   English
                                                                                           HOME | PAY TODAY | INCOMING FUNDS CASH MANAGEMENT PENDING ORDERS | REPORTS | BENEFICIARIES | CONFIGURE | INVESTIGATION

  much my international payment will             cash flow and manage currency              Manage Holding Balances | Marketlink | Buy into Holding | Buy Forward | Schedule Payments Out of Holding | Schedule Payments from incoming Funds



  cost me until after I have made it.            exposure?                                                                                                    Back                                  Save

                                                                                                                                                                                 EUR/GBP for 60 days 4/29/2008
                                                                                                                                                                                                                                  Adjust Markup

                                                                                                                                                                                                                                      5.2
                                                                                                                                                                                                                                                                             Email

                                                                                                                                                                                                                                                            joe.smith@travelex.com


  Why is Travelex different?
                                               A. GlobalPay’s simple, online system                                       Proposal for SC9644 - ABC SuperCars
                                                                                                                          Tuesday, April 29, 2008
                                                                                                                                                                                                                                                                                                                        SM



                                                                                                                                                                                                                                                                                        The power of market knowledge


A. Travelex believes in up-front pricing. We      clearly shows all of your incoming and                                  Recent EUR vs. GBP Activity


   charge a modest fee per transaction.           outgoing payments on a single screen.                                                                 0.813875
                                                                                                                                                        0.800938




                                                                                                                                         Rate in GBP
   There are no hidden charges and                Our reports and market data help you                                                                  0.788000
                                                                                                                                                        0.775063
                                                                                                                                                        0.762125

   you will know exactly how much a               to manage your currency exposure,




                                                                                                                                                                   29 Feb 2008


                                                                                                                                                                                  5 Mar


                                                                                                                                                                                           11 Mar


                                                                                                                                                                                                           16 Mar


                                                                                                                                                                                                                       22 Mar


                                                                                                                                                                                                                                   28 Mar


                                                                                                                                                                                                                                                 2 Apr


                                                                                                                                                                                                                                                            8 Apr


                                                                                                                                                                                                                                                                        13 Apr


                                                                                                                                                                                                                                                                                     19 Apr


                                                                                                                                                                                                                                                                                                 25 Apr 2008
   transaction will cost you upfront.             and our team of experts are always on                                                                                           29 February, 2008 Through 25 April, 2008

                                                  hand. (See Figure 2)                                                     Target:                     EUR                                                                                                 Spot Settlement Proposal
Q. How can I guarantee my payments                                                                                         Settlement:                 GBP
                                                                                                                                                                                                                                             Amount
                                                                                                                                                                                                                                                           Rate
                                                                                                                                                                                                                                            14,000.00 0.756802
                                                                                                                                                                                                                                                                  Amount Amount
                                                                                                                                                                                                                                                                 10,595.23 11,209.75
                                                                                                                           Number of Days:             60


  will get through?                                                                                                        Markup:
                                                                                                                           Comments:
                                                                                                                                                       5.8%




                                                                                                                                                                                    Contact your Account Representative to plan your payments.

A. As a payments specialist, our pro active                                                                               Whitebrook Park, Lower Cookham Road, Maidenhead, Berkshire, SL6 8XY • 0845 880 0400 • +44 (0)1628 766 200 • Fax: 01628 766222




   solutions eliminate the most common                                                                                                                                                                      The information contained herein is collected from sources believed by us to be reliable,
                                                                                                                                                                                                            however, we cannot guarantee it to be free from errors. The information presented on this
                                                                                                                                                                                                            page is not an offer to buy or sell any currency. Historical performance is not a guarantee of
                                                                                                                                                                                                            future performance or results.


   issues. Our system looks at incorrect                                                                                                    Global Business Payments
                                                                                                                                                                                                                                                                    © Copyright Ruesch International, 2008




   account names, remedies errors in
   routing codes and immediately uploads
   any corrections.
                                                                                           Figure 2 – Market data online
  With GlobalPay, transactions can be
  tracked by both you and your beneficiary
  using the ‘Payment Tracker’ facility.




Phone: (866) 456 3963 | E-mail: contactTGBP@travelex.com | www.travelexbusiness.com/na
12




        GREAT RESULTS



      Since implementing GlobalPay, our single point of entry payment         Emirates Tours UK use Travelex’s International Bank Drafts to
      solution one of our customers has reported that staff productivity
                                                                              their suppliers in the Middle East and Far East along with the
      has improved dramatically, saving over 400 man hours per month
      and other costs adding up to more than $750K per annum.                 online service. They have been customers of Travelex for over a
                                                                              year and they conduct on average fifteen to twenty transactions
                                                                              a week. The reason why they have chosen Travelex over other
                                                                              currency exchange suppliers is because Travelex offers user friendly
                                                                              systems, with pre-set procedures that enable a smooth process of
                                                                              transactions. In particular, Emirates Tours UK also identify Travelex
                                                                              as providing a helpful, efficient and friendly service.
                                                                              “We have been working with Travelex for over a year and have
                                                                              experienced no problems or difficulties. We would recommend them
                                                                              to any travel company for their Foreign Exchange Dealings.”
                                                                              Emirates Tours UK




     Phone: (866) 456 3963 | E-mail: contactTGBP@travelex.com | www.travelexbusiness.com/na
CONTACT US



Over the phone                            Online                                 By E Mail

To become a client or request a sales     To find out more information or sign    E mail us at: contactTGBP@travelex.com
visit, please call us on (866) 456-3963   up to GlobalPay, visit us online at:
                                          www.travelexbusiness.com




Phone: (866) 456 3963 | E-mail: contactTGBP@travelex.com | www.travelexbusiness.com/na
© 2008 Travelex. In the United States, services will be provided by Travelex Global Business Payments, Inc.
In Canada, services will be provided by Travelex Canada Ltd. For a list of U.S. state licensing,
visit www.travelexbusiness.com/na/about/compliance

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Travelex Global Business Payments Brochure

  • 2. MAKING INTERNATIONAL PAYMENTS SIMPLE Travelex Global Business Payments is a business division of Travelex. We are the world’s leading provider of international payments, with trading floors on four continents, operations in over 30 countries and partnerships with over 4,000 financial institutions. As well as being a known and trusted brand, we are Specialists in payments Businesses trust Travelex a truly global operation with payments experts all over Travelex’s growth is based on exceptional More than 30,000 businesses trust us to customer service and specialist handle their international payments to over the world handling payments to virtually anywhere, knowledge. Unlike the high street banks, a million people every year. in any traded currency. we are specialists in foreign exchange Our innovative payment technology and international payments. We have a platforms ensure that we provide thorough understanding of our customers’ unrivalled accuracy for our clients’ needs, so we can tailor our services to payments, and we were delighted to win match your requirements. the Bank of New York Mellon Award for We pride ourselves on our level of service accuracy for our payments service in 2007. and we work hard to earn the trust of We have tailored industry solutions for law our customers. Our dedicated dealers firms, financial institutions and universities, and local customer service team are to name but a few. at the end of the phone if you have any queries, giving you a direct relationship Our charges and fees are transparent. with a global payment specialist who We offer competitive rates and all fees are understands your requirements. stated in advance. Phone: (866) 456 3963 | E-mail: contactTGBP@travelex.com | www.travelexbusiness.com/na
  • 3. 1 At Travelex, we make global payments easy for any business. We specialize in implementing customized payment solutions that allow you to spend less time managing your payments, and more time managing your business. Phone: (866) 456 3963 | E-mail: contactTGBP@travelex.com | www.travelexbusiness.com/na
  • 4. 2 GlobalPay interfaces directly with your internal systems to eliminate inefficiencies and to speed up your payment process. Phone: (866) 456 3963 | E-mail: contactTGBP@travelex.com | www.travelexbusiness.com/na
  • 5. 3 STREAMLINING THE PAYMENT PROCESS At Travelex we believe that making and Helping you to expand your business Reducing the risks and costs receiving payments should be simple, globally and strengthen relationships associated with business payments quick and accurate, which is why we have with suppliers With GlobalPay, you can now manage all introduced GlobalPay, our intuitive online With GlobalPay you can access prices in your business payments (both domestic payments system. local currencies quickly and you can and international) and take advantage GlobalPay interfaces directly with your make and receive payments without of low cost payment options, as well as accounting, treasury or ERP (Enterprise opening and maintaining different incoming checks or wires. resource planning) system, to eliminate currency accounts. At a glance, GlobalPay allows you to pro inefficiencies and speed up your payment Tracking Payments actively manage your currency exposure process. for payments that are coming up. On a GlobalPay keeps you informed. You can It allows you to manage all your single screen you can see your scheduled track your payments through the system, international and domestic payments incoming and outgoing payments across seeing the status of any payments easily. using a simple single point of entry all currencies, allowing you to make We will also email your beneficiaries as system, saving you time. decisions about your cash flow and soon as your payments are released currency exposure quickly and easily. to them. Phone: (866) 456 3963 | E-mail: contactTGBP@travelex.com | www.travelexbusiness.com/na
  • 6. 4 4 UNDERSTANDING THE PAYMENT ISSUES A recent survey of high level financial executives Many companies will relate to the following issues: revealed that on average, companies juggle six Global cash management Payment errors foreign currency accounts. So it’s not surprising • Exposure to currency fluctuations • Errors are not detected quickly. on incoming or outgoing funds. that one-third of companies reported they have • Multiple currency conversions • Lack of visibility of incoming and during error resolution. frictional or idle cash tied up in those accounts. outgoing payments. • Time spent correcting beneficiary The facts • Poor understanding of hedging information. products. • 40% of businesses surveyed process international payments manually through methods that aren’t integrated with their ERP or accounting system(s). • 13% of the sample either call or visit their bank(s) to process payments. • 25% of businesses are using multiple online bank platforms. GlobalPay helps you to manage Using GlobalPay can reduce risk and make informed decisions payment errors significantly All statistics referenced were generated through a spring 2008 Travelex Global Business Payments survey of Treasury and Risk Magazine readers Phone: (866) 456 3963 | E-mail: contactTGBP@travelex.com | www.travelexbusiness.com/na
  • 7. 5 Cost Delivery and receipt Payment tracking • Final costs only established after • Not all payment types are supported • No automatic reconciliation of foreign the transaction has completed. by existing systems. exchange transactions. • Lack of transparency of costs • Not all currencies available. • Lack of visibility of released and and fees. cleared funds. • Delay in clearing incoming funds. • Loss of interest on international • Time intensive manual tracking and • Unclear when payments are received payments. chasing. and cleared. • Lack of payment information for suppliers. We are committed to low, GlobalPay makes delivery and receipt GlobalPay provides an simple and transparent pricing of funds quicker and more visible end-to-end tracking system Phone: (866) 456 3963 | E-mail: contactTGBP@travelex.com | www.travelexbusiness.com/na
  • 8. 6 UNDERSTANDING THE PAYMENT ISSUES How does GlobalPay work? Making payments quick and easy Helping your business to save time and resources It’s quite a simple concept. We have Your beneficiary details are stored within an intuitive, secure, web-based online GlobalPay making it quick and easy to set GlobalPay eliminates the need to use payments system that you log into to up your payments, and it has a unique multiple banking systems and the need make and receive payments in any ‘Find a bank’ search facility. to hold foreign bank accounts. traded currency. You simply schedule all of your payments GlobalPay holds details of your payments and receivables through a single This online system, with a single and balances of currencies so it’s easy Travelex account. interface, can manage all types of to see when you need to increase payments; incoming, outgoing, domestic, your currency balances to fund future international, electronic wires and drafts. payments. You can also fund your payments from That’s not all. GlobalPay has a unique multiple bank accounts, using your track-and-trace facility that means Travelex GlobalPay account to hold that your payments are fully trackable balances for up to 90 days. through the process. And our ‘Pay Alert’ service provides your beneficiaries with Alternatively, we can integrate GlobalPay notification the moment a payment is into your own accounting or ERP system released. so that it becomes part of your workflow. We work with the leading software GlobalPay will determine the most efficient vendors: SAP, Oracle and Peoplesoft, route for your payments - either the for example, to coordinate payments international SWIFT network or our global services into a single workflow. network of bank accounts to make sure payments are fast and accurate. Phone: (866) 456 3963 | E-mail: contactTGBP@travelex.com | www.travelexbusiness.com/na
  • 9. 7 UNDERSTANDING THE PAYMENT ISSUES How we compare Scheduling Payments Payment Services Bank Travelex You can retain foreign currencies for up to 90 days to fund future payments in that Single point of entry system for multiple types currency. This means you can save money because you won’t need to convert your of payments overseas funds to dollars, and then back to the foreign currency again when you need to make further payments. Web based online system that can integrate with your own ERP or accounting system GlobalPay eliminates the need to maintain costly multiple banking systems and foreign bank accounts. You simply schedule all of your payments through a single Travelex account. Pro active error prevention tools Global payments specialists in-country MANAGE HOLDING BALANCES View Balances Only | Include Pending | View Forwards | View Scheduled Payments Expected Release Detailed View/ Pay Alerts for beneficiary Currency & Transaction Description Confirmation or Available Date Amount Balance Modify CHF - Swiss Franc Current Available Balance 0.00 Upfront pricing tools JOHN SMITH UCP3000001_001 18,000.00 Current Book Balance 18,000.00 EFG INSURANCE COMPANY USP1002205_008 16/05/2008 (5,000.00) 13,000.00 Full visibility of cashflows in and out (SWITZ) MOTOHAUS MOTORRAD USP1002205_010 16/05/2008 (7,000.00) 6,000.00 CAFE - ST MORITZ USP1002205_009 25/06/2008 (6,000.00) 0.00 Simple beneficiary management system Ending Book Balance 0.00 EUR - Euro Full track and trace facility for you and your Current Available Balance 0.00 customers/suppliers PETER JONES UCP3000001_001 11,500.00 Current Book Balance 11,000.00 FAST RACING CIRCUIT USP1002205_005 05/05/2008 (2,500.00) 9,000.00 BARZINI CUSTOM Phone: (866) 456 3963 | E-mail: contactTGBP@travelex.com | www.travelexbusiness.com/na
  • 10. 8 We provide at-a-glance information and access to market reports to help you make informed decisions about when to place your orders. Phone: (866) 456 3963 | E-mail: contactTGBP@travelex.com | www.travelexbusiness.com/na
  • 11. 9 TAILORED TO YOUR BUSINESS Make or receive payments to suit International Payment Services There are two types of forward your business needs contract: fixed and open. When you make or receive an international We provide at-a-glance information and payment and wish to convert the funds A fixed forward is useful if a payment has access to market reports to help you into another currency, there will be a to be settled on a particular date or if make informed decisions about when to foreign exchange transaction. there’s a balance-sheet hedge (where the place your orders to take advantage of risks are reduced by translating balance- The transaction can either be booked as the prevailing exchange rates and how to sheet assets and liabilities into foreign a ‘spot’ deal or as a ‘forward’. schedule your payments accordingly. currencies). A spot deal is a booked transaction used You choose how you want to deal with us; An open forward can be used if a series to secure the prevailing exchange rate of over the phone, online or by fax - whatever of payments in the same currency are the day. A price can be quoted either over suits you. planned over the course of a year. So, the phone or online, and your order is if you have future payments to be made placed immediately. in foreign currency with no particular A forward contract is an agreement to settlement date, Travelex has the ability buy or sell an amount of foreign currency, to price an open forward contract locking in today’s rate, for payment up to comprising of two dates whereby partial one year in the future. or full delivery of the amount booked can be taken between the two agreed dates. Phone: (866) 456 3963 | E-mail: contactTGBP@travelex.com | www.travelexbusiness.com/na
  • 12. 10 YOUR QUESTIONS ANSWERED Q. How can I save time inputting Q. My company has multiple payment FIND A BANK Search using bank details or an IBAN payment data and reconciling systems, ERP systems and IBAN: Or payment information? accounting software for different Country: Canada types of payments. Won’t it be too Routing Code/SWIFT: A. GlobalPay’s ‘Find a Bank’ facility Bank Name: toronto dominion difficult to introduce your system City: toronto allows you to search for beneficiary Address: 1 king st as well? bank details with only a few pieces of State/Province: Search ! information. Once correct details have A. No, GlobalPay has been designed Select a bank branch and press save Local Bank Routing Bank Routing been located, the empty fields will be to work alongside multiple systems, Select Bank Name Address City State/Province Code Code SWIFT TORONTO DOMINION 1 King St W Toronto Ontario 000410252 000410252 automatically populated, so you can simplifying the whole process for you. BANK TORONTO DOMINION 1 King St W Toronto Ontario 000410492 000410492 BANK input new payment details very quickly. TORONTO DOMINION 1 King St W Toronto Ontario 000410042 000410042 Q. How can my company reduce BANK (see figure 1) TORONTO DOMINION BANK 381 King St W 3Rd Fir Toronto Ontario 000410202 000410202 the number of queries we receive Page 1 of 1 1–4 of 4 Rows/Page All from beneficiaries chasing their Save ! In many cases, GlobalPay removes payment? the need to key in data manually as it can accept an automatic file upload A. When you make a payment, GlobalPay from your accounting system so you sends a notification email to your can handle large or small volumes of beneficiary so they know it is on its way. payments quickly and efficiently. It’s called our ‘Pay Alert’ service. Figure 1 - GlobalPay’s ‘Find a Bank’ facility allows you to search What’s more, the system prepares for beneficiary bank details with only a few pieces of information reconciliation statements that are configured to automatically reconcile into your accounting or ERP system so you can improve your compliance process. Phone: (866) 456 3963 | E-mail: contactTGBP@travelex.com | www.travelexbusiness.com/na
  • 13. 11 Q. Most banks can’t tell me how Q. How can I improve my company’s E-mail | Logout English HOME | PAY TODAY | INCOMING FUNDS CASH MANAGEMENT PENDING ORDERS | REPORTS | BENEFICIARIES | CONFIGURE | INVESTIGATION much my international payment will cash flow and manage currency Manage Holding Balances | Marketlink | Buy into Holding | Buy Forward | Schedule Payments Out of Holding | Schedule Payments from incoming Funds cost me until after I have made it. exposure? Back Save EUR/GBP for 60 days 4/29/2008 Adjust Markup 5.2 Email joe.smith@travelex.com Why is Travelex different? A. GlobalPay’s simple, online system Proposal for SC9644 - ABC SuperCars Tuesday, April 29, 2008 SM The power of market knowledge A. Travelex believes in up-front pricing. We clearly shows all of your incoming and Recent EUR vs. GBP Activity charge a modest fee per transaction. outgoing payments on a single screen. 0.813875 0.800938 Rate in GBP There are no hidden charges and Our reports and market data help you 0.788000 0.775063 0.762125 you will know exactly how much a to manage your currency exposure, 29 Feb 2008 5 Mar 11 Mar 16 Mar 22 Mar 28 Mar 2 Apr 8 Apr 13 Apr 19 Apr 25 Apr 2008 transaction will cost you upfront. and our team of experts are always on 29 February, 2008 Through 25 April, 2008 hand. (See Figure 2) Target: EUR Spot Settlement Proposal Q. How can I guarantee my payments Settlement: GBP Amount Rate 14,000.00 0.756802 Amount Amount 10,595.23 11,209.75 Number of Days: 60 will get through? Markup: Comments: 5.8% Contact your Account Representative to plan your payments. A. As a payments specialist, our pro active Whitebrook Park, Lower Cookham Road, Maidenhead, Berkshire, SL6 8XY • 0845 880 0400 • +44 (0)1628 766 200 • Fax: 01628 766222 solutions eliminate the most common The information contained herein is collected from sources believed by us to be reliable, however, we cannot guarantee it to be free from errors. The information presented on this page is not an offer to buy or sell any currency. Historical performance is not a guarantee of future performance or results. issues. Our system looks at incorrect Global Business Payments © Copyright Ruesch International, 2008 account names, remedies errors in routing codes and immediately uploads any corrections. Figure 2 – Market data online With GlobalPay, transactions can be tracked by both you and your beneficiary using the ‘Payment Tracker’ facility. Phone: (866) 456 3963 | E-mail: contactTGBP@travelex.com | www.travelexbusiness.com/na
  • 14. 12 GREAT RESULTS Since implementing GlobalPay, our single point of entry payment Emirates Tours UK use Travelex’s International Bank Drafts to solution one of our customers has reported that staff productivity their suppliers in the Middle East and Far East along with the has improved dramatically, saving over 400 man hours per month and other costs adding up to more than $750K per annum. online service. They have been customers of Travelex for over a year and they conduct on average fifteen to twenty transactions a week. The reason why they have chosen Travelex over other currency exchange suppliers is because Travelex offers user friendly systems, with pre-set procedures that enable a smooth process of transactions. In particular, Emirates Tours UK also identify Travelex as providing a helpful, efficient and friendly service. “We have been working with Travelex for over a year and have experienced no problems or difficulties. We would recommend them to any travel company for their Foreign Exchange Dealings.” Emirates Tours UK Phone: (866) 456 3963 | E-mail: contactTGBP@travelex.com | www.travelexbusiness.com/na
  • 15. CONTACT US Over the phone Online By E Mail To become a client or request a sales To find out more information or sign E mail us at: contactTGBP@travelex.com visit, please call us on (866) 456-3963 up to GlobalPay, visit us online at: www.travelexbusiness.com Phone: (866) 456 3963 | E-mail: contactTGBP@travelex.com | www.travelexbusiness.com/na
  • 16. © 2008 Travelex. In the United States, services will be provided by Travelex Global Business Payments, Inc. In Canada, services will be provided by Travelex Canada Ltd. For a list of U.S. state licensing, visit www.travelexbusiness.com/na/about/compliance