Caxton will be at WTM London to promote a new service which offers a “simple, fast and convenient way” for customers to load their prepaid multi-currency cards.
The foreign exchange specialist is providing a payments facility to its prepaid multi-currency card customers, in a partnership with open banking platform provider Token.
Caxton’s multi-currency cards and international bank transfer services are used by 750,000 private and business customers, and in 2017 Caxton FX processed 7.3 million transactions.
Integration with Token’s platform enables Caxton’s customers to load their prepaid multi-currency cards with funds directly from their bank accounts via Caxton’s mobile app, making the cardholder’s loading experience significantly faster and more convenient.
Caxton and its customers also benefit from reduced costs, instant payments and increased security.
Rupert Lee-Browne, Caxton Chief Executive, said: “We are delighted to be working with Token on this highly innovative solution to open banking.
“The team at Token have been great to work with and we are very excited to be rolling this particularly useful feature out to our customers.”
Marten Nelson, Co-founder and Chief Marketing Officer at Token, added: “When done right, open banking represents the biggest opportunity for banks and financial service providers in the last 50 years.
“Its real power lies in enabling new levels of customer-centric products and services. For Caxton FX, this begins by offering a refreshingly simple and convenient way for new customers to load their cards. For the wider industry, the possibilities are endless.”