Universities Go Global With Travelex

By Travelex Global Business Payments, PRNE
Monday, March 21, 2011

LONDON, March 22, 2011 - Recognised globally for its specialist Education payment solution and
sector expertise, Travelex Global Business Payments, the world's cross-border
payments specialist, has recently accelerated its international presence in
the Higher Education sector and now works with over 300 Universities
worldwide, across the four continents in which it operates.

Travelex Global Business Payments works with 60% of the UK Universities
in the Times Higher Education's World University Ranking[1], including the
Universities of Oxford, Cambridge and London School of Economics. In
Australia, Travelex works alongside the Universities of Melbourne and Sydney,
two of the top three Universities in the United States, four of
the top 10 Universities in Canada and a leading University in France.

Comments David Sear, Global Managing Director at Travelex Global Business
Payments, "Managing student fee payments should be simple but in many cases,
they can be time consuming and costly.

"Travelex Global Business Payments is the only global payments provider
that employs specialist staff to work exclusively alongside our education
clients, ensuring that customers' requirements are always exceeded. We
estimate that the average University, with an intake of around 400 overseas
students, could save GBP50,000 a year in fee processing costs by adopting
Travelex payment solutions.[2] Travelex Global Business Payments offers a
truly competitive service that is based on its long history and expertise in
the sector."

One eminent Travelex Global Business Payments' client, the University of
, comments: "The Travelex Global Business Payments system has greatly
improved the service we are able to offer both students and collegiate
university staff at Oxford. Since March 2008, we have been using the service
to expedite the processing of US dollar student loan cheques, which therefore
enables students to access funds for living expenses and tuition fees much
more quickly and efficiently. The GlobalPay database is userfriendly and
quick, and the Travelex Global Business Payments team have been a pleasure to
work with from the outset."

For more information, visit www.travelexbusiness.com

About Travelex Global Business Payments

Travelex Global Business Payments 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 Global Business
Payments has provided clients with sophisticated market knowledge, leading
edge technologies and practical and innovative solutions tailored to
individual requirements. Every year, Travelex Global Business Payments
processes payments around the world over 35,000 businesses to 1 million
beneficiaries. Visit www.travelexbusiness.com for more information.

    For further information or interviews, please contact:

    Emma Kane/Alicia Jennings
    T: +44(0)20-7566-6700
    Redleaf Polhill
    E: tgbp@redleafpr.com

    Jessica Buttress
    T: +44(0)20-8415-4204
    Travelex Global Business Payments
    E: jessica.buttress@travelex.com

    [1] Times Higher Education World University Rankings 2011

    [2] * Cost savings based on manual back office cost reductions,
        investigation charges from traditional providers, fees & rates

For further information or interviews, please contact: Emma Kane/Alicia Jennings, T: +44(0)20-7566-6700, Redleaf Polhill, E: tgbp at redleafpr.com; Jessica Buttress, T: +44(0)20-8415-4204, Travelex Global Business Payments, E: jessica.buttress at travelex.com

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