Loaded for Travel named Best Prepaid

MEDIA RELEASE

Loaded for Travel named Best Prepaid Travel Programme globally

Auckland, 23 October 2011 – Loaded for Travel, the world’s first reloadable multi-currency Visa TravelMoney prepaid card has been recognised on the world stage, winning Best Prepaid Travel Programme at The Prepaid Awards.

Loaded for Travel was launched in June 2010 by New Zealand Post, Kiwibank and Visa. It was the first multi-currency prepaid card in New Zealand and the world’s first reloadable multi-currency Visa TravelMoney prepaid card.

The card simplifies the travel experience by allowing travellers to load up to five different currencies (NZ$, AUD$, US$, Euro and GBP) on the same card, lock in favourable exchange rates and can be used anywhere Visa is accepted.

Terese Tunnicliffe, New Zealand Post (Kiwibank) Payment Services General Manager says the Loaded for Travel card has changed the way Kiwis view payments when travelling overseas.

“It is widely recognised that Kiwis love to travel – we see more than two million international flights departing from New Zealand each year. Along with Visa, we saw an opportunity to simplify the management of money and improve payment security for these travelers. The Loaded for Travel card has been hugely popular and has surpassed all our expectations.”

Sean Preston, Country Manager at Visa New Zealand says the award recognises the innovative thinking behind the Loaded for Travel card.

“Loaded for Travel is a great example of how the prepaid industry continues to evolve to meet consumer needs and it is fantastic to see this rewarded. We would like to offer our congratulations to New Zealand Post and Kiwibank on their success and we look forward to working together in the future,” says Preston.

Loaded for Travel cards can be purchased at any of the 284 Post Shops around the country and foreign currency can be loaded in-store via cash, EFTPOS, credit card and debit card, and re-loaded here and overseas via the internet. Kiwibank customers can also order and pay for their card on internet banking.

Cardholders can check the balance on their card and transaction information online at www.loadedfortravel.co.nz on a service called ‘My Account’, via ATMs or via TXT and email alerts

The Loaded for Travel card costs $12 and comes with one free currency load with each additional initial currency load costing $2. The card is valid for three years and can be reloaded any number of times for a $10 reload fee.

The annual Prepaid Awards recognise the significant achievements and successes of the prepaid sector. For more information please visit: http://www.prepaidawards.com

About Visa
Visa is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and territories to fast, secure and reliable digital currency. Underpinning digital currency is one of the world’s most advanced processing networks—VisaNet—that is capable of handling more than 20,000 transaction messages a second, with fraud protection for consumers and guaranteed payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, ahead of time with prepaid or later with credit products. For more information, visit www.corporate.visa.com

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