Travelex Global Business Payments Grows Online Pay 24-7 Solution With NTT Europe

London, November 3 (ots/PRNewswire) -

Outsourcing its hosting ensures stability, scalability and
financial flexibility for world-renowned international payments
specialist

Travelex Global Business Payments, the international payments
specialist, has announced a partnership with leading ICT
infrastructure provider NTT Europe to deliver increased capacity and
control to their online payments solution, Pay 24-7.

Used by leading university and higher education facilities across
the UK, North America, Europe and Asia, Pay 24-7 is designed to
reduce the cost of administering account fees for institutions by
simplifying the reconciliation of money that has been paid or
collected across various channels. In turn, this provides a smoother
experience for students which minimises user drop-off rates. Pay 24-7
gives students, parents or sponsors complete transparency regarding
higher education costs.

By utilising NTT Europe's fully managed hosting platforms in the
cloud, Travelex Global Business Payments will be able to rapidly
ensure the payment system's optimum performance, and cost-effectively
support any growth initiatives in the future. A dual data centre
solution managed by NTT Europe ensures the Travelex Global Business
Payments Platform will have the resilience to consistently serve
their clients. As the service is being delivered over NTT
Communications Tier 1 Global IP Network this also ensures minimum
latency for an optimum end user experience.

Nick Masterson-Jones, Chief Information Officer of Travelex Global
Business Payments, explains "Our Pay 24-7 technology will bring peace
of mind to students moving abroad to continue their education; whilst
working with strategic partners such as NTT Europe, who have proven
global expertise in the financial sector, reassures us that we can
look to the future with confidence and have the scalability we need
to develop our offering."

NTT Europe's vice president of managed services, Damian
Skendrovic, said: "Providing a secure and consistent service to
customers is vital for a company handling important financial
transactions like Travelex. Our global IT network resources and
hosting expertise means that Travelex and its Pay 24-7 users will be
getting the stability, security and scalability that they deserve".

About Travelex Global Business Payments

Travelex Global Business Payments is the world's leading
specialist provider of international payments to over 35,000 SMEs,
larger corporates and distribution partners each year. The business
provides international payment services for commercial and personal
customers, with products comprising multi-currency spot contracts,
forward contracts and options. Travelex Global Business Payments has
recently been acquired by Western Union and this transaction is
expected to complete by the end of 2011.

The Group operates through its subsidiaries and branches in four
regions: the United Kingdom; Europe, Middle East, India and Africa
(EMEA); Americas and Asia Pacific.

For more information about Travelex Global Business Payments,
please visit the Travelex Group website [http://www.travelex.com ].

About NTT Europe

NTT Europe is a wholly-owned subsidiary company of NTT
Communications which is the global data and IP services arm of the
Fortune Global 500 telecom leader, Nippon Telegraph & Telephone
Corporation (NTT). NTT Europe is responsible for business in the EMEA
market and provides a world-class Tier-1 Internet backbone, secure
closed networks, security, system integration, network and
application management, managed hosting and global content delivery
services with partner companies globally. For additional information,
please visit http://www.eu.ntt.com.

About NTT Communications Corporation

NTT Communications provides a broad range of global networks,
management solutions and IT services to customers worldwide. The
company is renowned for reliable, high-quality security, hosting,
voice, data and IP services, as well as expertise in managed networks
and leadership in IPv6 transit technology. NTT Communications'
extensive infrastructure includes Arcstar(TM) Global IP-VPN and
Global e-VLAN, as well as a Tier-1 IP Backbone reaching more than 150
countries in partnership with major Internet service providers, and
secure data centres in Asia, North America and Europe. NTT
Communications is the wholly-owned subsidiary of Nippon Telegraph and
Telephone Corporation, one of the world's largest telecoms with
listings on the Tokyo, London and New York stock exchanges. Please
visit http://www.ntt.com.

Rückfragehinweis:
Media enquiries: Joe Thomas/Sarah Ryan, Brands2Life, Tel:
+44(0)20-7592-1200, Email: [email protected]; Alex Porter, NTT
Europe ,
Tel: +44(0)203-217-1432, Email: [email protected]

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