Contis Group, a UK-based provider of end-to-end payment solutions for prepaid, gift and eMoney schemes and processing, has launched Seasons, a Visa prepaid travel card, digital account and mobile app.
Contis Group said that Seasons has been designed to make the business of taking and spending money abroad much easier. Holiday money loaded onto the Seasons online account is held in sterling and is converted as each transaction is made, using FX rates.
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The company claims that Seasons makes the planning and monitoring of holiday funds easy. Holidaymakers can manage their money on the move via the Seasons mobile app and online account, tracking their transactions and total spend in real time and in pounds.
Further, Seasons eliminates the risk of over or underestimating the amounts of each currency that will be needed for each trip and, as a result, avoids triggering more charges, either to buy more currency, or to buy back sterling at the end of the trip. Instead, Seasons levies a modest 1% transaction fee in Euro zone, or 1.5% in any other Visa-accepting country worldwide.
The new card and account allows travellers pay using a real-time Visa FX conversion rate, which cardholders can view live via the Seasons accompanying mobile app (Android and iPhone).
Jenny Whiteside, product manager of Seasons, said: "Seasons tackles these issues by taking a simpler, more practical and longer-term approach.
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By GlobalData"Because the card account is always kept in sterling it is ideal for families planning holidays, gap year students travelling through a variety of currency destinations, business people hopping between continents, or adventurous retirees that can afford to spend more time away from home exploring different parts of the world.
"And when the cardholder’s trip finally comes to an end, any remaining funds can be spent in the UK without penalty, or indeed set aside in a special digital envelope ready for the next trip."
