May 21, 2010

Travelex Global Business Payments continues to gain in the global legal sector

WASHINGTON--Travelex Global Business Payments, a provider of international payments and foreign exchange solutions, has made a global expansion of its vertical market strategy in the legal sector with the worldwide launch of the GlobalPay Legal offering. Building on the successes in North America, Travelex has been successfully growing its business in the legal sector and on-boarding new clients across the globe.

"Travelex remains committed to our vertical market strategy and I'm excited by the positive response we have received within the legal industry," said Christopher Russell, Travelex's executive vice president and global vertical markets director. "With the worldwide launch of GlobalPay Legal, we will now be able to offer a more industry-specific payment solution to law firms and their clients around the world."

With best-in-class global payment solutions and industry-specific experience, Travelex continues to gain traction within the legal marketplace by expanding ongoing engagements as well as adding new clients to the roster. Some ongoing engagements include Dority & Manning in the US and recent wins in the UK, France and Australia.

"Travelex prides itself on providing clients with domestic and international payment solutions that are tailored to meet their specific business needs and GlobalPay Legal is no exception," said Alfred Nader, vice president of the legal vertical market for Travelex. "The increasingly complex, global nature of law firms and their partners requires a unique, customized solution that provides flexibility, transparency and control in the payment process."

GlobalPay Legal offers all of the same functionality as the flagship offering with benefits tailored for the legal industry such as integrating directly with existing law firm systems to cut costs and minimize operations. Specifically, the Future Payment feature provides law firms with additional predictability in both domestic and international payments when working with outside partners and vendors.

Travelex will be unveiling GlobalPay Legal and showcasing its functionality for the media and selective audience at the 2010 International Trademark Association's Annual Meeting in Boston, MA on May 22-26, 2010.

Travelex is a global foreign exchange specialist providing the payment and receipt of domestic and international funds for businesses of all sizes. For more than 30 years, Travelex has provided clients with sophisticated market knowledge, leading edge technologies and practical and innovative solutions tailored to individual requirements.

Every year, Travelex processes payments around the world for over 35,000 businesses to one million beneficiaries.



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