News

Travelex, Wincor re-up ATM processing contract for 7 years

Wincor Nixdorf will continue as processor for Travelex ATMs in Europe, and will migrate devices in Asia Pacific and North America onto its global platform, as well.

November 18, 2014

Wincor Nixdorf will provide payment processing services for Travelex ATMs for another seven years, according to a news release from the ATM hardware and software provider.

As the strategic payment processing provider for Travelex, Wincor will continue to provide payment processing for ATMs in the U.K., Belgium, France, Netherlands, Switzerland, Italy, Germany and the Czech Republic.

The company also will support Travelex expansion into Spain, Greece, Cyprus, Ireland, Portugal, Finland, Sweden, Norway and Poland, the release said. Additionally, existing Travelex's ATMs in Asia Pacific and North America will migrate onto Wincor Nixdorf's global platform.

Under the terms of the contract, Wincor Nixdorf and Travelex also have agreed to promote direct currency conversion services, a platform that allows ATM users to convert a transaction into their home currency at the time of cash withdrawal, using the current Travelex exchange rate.

"[We] are confident that Wincor Nixdorf was the right choice to help us develop and expand our ATM payment processing capabilities, said Travelex head of ATMs Dan Gilby. "Since we started working together in 2010, Wincor Nixdorf has continued to deliver on its promises and provides an excellent processing and switching service so I am delighted that we have managed to agree to a seven year contract extension that will support our business expansion and enable us to consolidate our global ATM networks."