CorporatePay

Steve Endacott the entrepreneur behind travel start-ups such as On Holiday Group, Holiday Taxis and Click with Technology has joined the Board of CorporatePay’s new venture, MyTravelCash, as a Non-Executive Director. The MyTravelCash Card is a prepaid MasterCard® available in Euros and US Dollars.

MyTravelCash is backed by active venture investors, Blenheim Chalcot and uses the infrastructure of CorporatePay a prepaid card provider offering a range of inbound and outbound travel currency solutions for business and individual users. The new venture aims to become the market leader in the provision of foreign exchange services to the rapidly expanding online travel community.

Steve Endacott comments,

“Given my previous experience in running Going Places during my time at MyTravel, I am well aware of the opportunity provided by Foreign Exchange. The complexity of handling physical cash, combined with the logistical problems in delivering cash to customers, initially led me to rule it out as an option for On Holiday Group’s online business model. However the development of the prepaid FX card sector, which I have been monitoring closely, captured my interest”

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Source: www.smartcardstrends.com (SmartCardsTrends)