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Welcome to our media section. Below you will find articles written about us and our products in various publications and websites. You will also find articles relating to travel and foreign currency news as well as radio coverage featuring Myles Stephenson, our CEO.
ARTICLE: Top tips to save cash this summer
Top tips to save cash this summer
16 July 2010A recent article in The Sunday Times highlighted several ways to save money when going abroad this summer, one of which was to use a prepaid card:
"Pre-paid cards are available in a range of foreign currencies, with the Euro and Dollar the most common. The exchange rate is fixed at the time of loading and they are not linked to a bank account, so there is less chance of fraud if they are lost or stolen"
The article also goes on to say how prepaid MasterCard cards "allow you to avoid booking fees at Ryanair, which would cost £20 for a couple buying return flights".
Source: www.timesplus.co.uk (featured in The Sunday Times - subscription required)
Date: 16 July 2010ARTICLE: Fly off for sun and savings
The Mail Online: Money
10 July 2010According to the Daily Mail, increasing hotel and restaurant prices in Britain have meant it can be cheaper to holiday at some locations across Europe, even after paying for plane tickets. The recent recovery of the pound against the Euro and US dollar has come at a perfect time for those wishing to go abroad over the summer holidays but further savings can be made when it comes to buying your travel money.
As one of the major providers, my Travel Cash currency cards were featured in the article: "Prepaid chip and PIN cards are growing in popularity among holidaymakers and are a convenient and secure way to use currency. Cash is loaded on to the card in advance… The cards then work in a similar way to a pay-as-you-go mobile phone in that money comes off the balance whenever you spend on the card or make a withdrawal from a cash machine, but you cannot spend more than has been loaded. Prepaid cards are accepted in many shops and restaurants, making them convenient. They are also secure as the card is not linked to your bank account. If a card is lost or stolen you lose only the cash on the card. If reported quickly, the account can be frozen, with most providers transferring the lost balance on to a replacement card"
Source: www.dailymail.co.uk (featured in The Mail Online)
Date: 10 July 2010INTERVIEW: my Travel Cash and ABTA discuss holiday money worries
In this radio broadcast, Sean Tipton of ABTA and Myles Stephenson of mytravelcash.com, discuss peoples holiday spending worries. The discussion highlights the key benefits of prepaid mastercards and their growing popularity.
Source: Markettiers and externally hosted by audioboo.fm
Length: 4 minutes and 35 seconds
Date: 9th July 2010ARTICLE: my Travel Cash prepaid MasterCard cards, named as good value by the Guardian and Which?
The Guardian: Money
3rd July 2010In an article on the Guardian website, my Travel Cash cards were named as good value when compared to other methods of taking money abroad. The article highlights the increasing popularity of using a prepaid currency card for foreign exchange, in light of the convenience, security and savings that can be made by using one. Raffick Marday of Compare Prepaid is quoted saying:
"In general, travel money cards give you a better exchange rate than other travel money providers, on average 8% better than exchanging at airports, 4% better than travellers cheques and 5% better than a bureau de change"
The article also explains how easy it is to use the cards:
"The deal with prepaid chip and pin cards is that you load up with currency before you go (normally a choice of euros, dollars or sterling), rather like a pay-as-you-go mobile phone, and then use it abroad to pay for goods and services, and withdraw cash from ATMs.
You cannot spend more than the balance on the card, so they are useful in helping people stick to a budget. Prepaid travel money cards can also be easily reloaded online (handy for parents whose gap-year kids run out of money), by phone and in some cases by text message."Source: www.guardian.co.uk (featured in Guardian Money)
Date: 6th July 2010
ARTICLE: Summer holiday boost as Euro weakens against the Pound
Mail Online: Money
30 June 2010Holiday destinations with the Euro have often been eye-wateringly expensive during the credit crunch so families jetting away this summer will enjoy the news that the Pound has hit a 19-month high against the Euro.
Sterling's surge in value to 1.24 Euros – the highest exchange rate since November 2008 - means the average family could save £700 on a Mediterranean break compared with 12 months ago.
Source: www.dailymail.co.uk (featured in The Mail Online)
Date: 30 June 2010ARTICLE: £800M lost in holiday currency
The Express.co.uk: UK News
24 June 2010Nine out of ten people questioned in a survey admitted they did not change leftover foreign notes and coins despite bringing an average of £24 each back with them.
Almost 50 per cent of the respondents said they planned to use it on their next holiday but a third of those who did keep money for another trip said they forgot to take it with them when they went.
Source: www.express.co.uk (featured in The Express.co.uk)
Date: 24 June 2010ARTICLE: Weigh over budget
News Of The World: News
13 June 2010As the cost of flights increases on some low-cost airlines, Bob Atkinson of travelsupermarket shares his tips to help you save:
- Never use credit cards. Beat the booking fees with an Electron or prepaid Mastercard card
- Check in early to avoid seat selection costs
- Only take hand baggage if possible
- Always check the TOTAL flight cost. Airlines with a higher basic price may still be cheaper overall.
Source: www.newsoftheworld.co.uk (featured in the News Of The World)
Date: 13 June 2010ARTICLE: How to cash in on slump in the Euro
The Mail Online: Money
12 June 2010Holidaymakers planning a trip to Europe this summer have been given a welcome spending boost this month. A mini-slump in the value of the Euro over the past fortnight means that savvy travelers have the option to lock into generous exchange rates in advance of their trip, increasing their holiday spending power.
Continuing fears of long-term financial problems in Europe drove the pound to an 18-month high against the Euro last week. Sterling has gained ten per cent over the past three months, with the rise accelerating since mid-May.
Source: www.dailymail.co.uk (featured in The Mail Online)
Date: 12 June 2010ARTICLE: Prepaid currency cards: The new way to spend your cash abroad
The Telegraph: Travel
25th Jan 2010'Prepaid currency cards are safe, simple to use and can save you money when you are abroad on holiday', that's according to an article in the Daily Telegraph.
According to the Daily Telegraph, with a prepaid currency card, you could get 'a 10 per cent discount …with planning and basic web-savvy… if you currently buy your spending money in high street or airport bureaux de change. Even habitual credit and debit-card travellers could secure savings of about five per cent.'
In the Telegraph's opinion, prepaid foreign currency cards like my Travel Cash ‘combine the budgeting advantage of travellers' cheques with the flexibility and security of a credit card.'
Source: www.telegraph.co.uk (featured in The Sunday Telegraph)
Date: 25th January 2010
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