High tech foreign currency business FairFX.com has today launched an innovative online service for international money transfers and foreign currency transactions.

FairPay offers a fully automated online money transfer solution for the general public, at business level exchange rates and no transfer or payment fees.

FairFX.com Chief Executive Stephen Heath said: “When we launched FairFX.com in 2007,we rattled a few cages amongst the traditional travel money providers simply by giving the consumer a better deal with our technology. Now we’re are going to do the same with international money transfers.

“With FairPay, the customers gets market leading rates for transfers overseas and can send as little as £500 and up to £10,000 equivalent in Euros or US$ overseas with an online registration and payment anytime of the day or night.”

Heath went on to explain: “Much of the traditional international money transfer industry has been slow to embrace technology and this means that a lot of the process is labour intensive and inefficient. At FairFX.com we have enhanced the technology we built for delivering travel money on prepaid currency cards and applied that to international transfers.

“This improved technology keeps our costs down and gives our customers a better price and greater convenience with a highly secure fully encryption protected platform”

Find out more about the FairFX FairPay international money transfer service here: http://www.fairfx.com/fairpay

Friday 14 January 2011, 11:16am

Tags: press

Leading UK currency card firm FairFX.com have just launched a Family and Friends card, letting existing cardholders order an associated card for anyone over the age of 13.

The card can be loaded from an existing FairFX card in the same currency. You can also move money back from the Family and Friends Card onto your original FairFX card, making it much easier to manage larger budgets while you are away on your holidays.

Stephen Heath, FairFX Chief Executive explained how the new card could be useful: "You could give your teenager a pre-set limit of spending money when you are out shopping for the day, giving them freedom to go away and do their own thing, and giving you control over your finances.

"On the other hand you might have an older child planning a gap year. You can keep them topped up with cash, so they don't have to worry about finding internet access on the move, or racking up big fees on credit cards.

"It’s also useful to keep the whole family topped up with cash on holiday from one place. Perhaps somebody might need to pick up a car while the rest of you grab something to eat? With individual cards, you won't have money worries."

The FairFX Family and Friends card costs just £6, and qualifies for the same outstanding exchange rates offered to regular FairFX cardholders. Find out more at http://www.fairfx.com/familyandfriends.

For other resources, including logos, card images and more releases, visit our press office page.

Media enquiries
FairFX Press Office
pressoffice@fairfx.com

David Bain
Tel. 020 7778 9316

Stephen Heath
Chief Executive
FairFX Plc
T: 020 7778 9302
M: 07785 291 059
Stephen@fairfx.com

Ian Strafford-Taylor
Chief Operating Officer
FairFX Plc
T: 020 7778 9308
M: 07920 793 793
ian@fairfx.com

FairFX Plc is an internet based foreign exchange business with a technology platform that allows it to provide UK travellers with the best foreign exchange rates in the market. FairFX’s core product is a brand new prepaid MasterCard denominated in Euros, US$ and the £ Sterling denominated Anywhere Card.

Customers can buy online using debit/credit cards or internet bank transfer. By eliminating traditional methods of providing foreign currency such as Travel Money bureaus and kiosks, customers are offered business/commercial type foreign exchange rates rather than paying up to 3% on typical UK Bank debit card usage, 5% more on the High Street, or even 8+% more at the airport.

FairFX has been established by a group of people committed to giving the consumer a fair deal. The business is owned by very experienced private investors and Directors. All FairFX Directors are substantial investors in the Company. FairFX is a Public Limited Company and has a Money Service Provider Licence issued by HMRC (Her Majesty's Revenue and Customs).

Tuesday 09 November 2010, 04:50pm

Tags: press