CTI partners with prepaid currency provider

CTI has unveiled a new partnership with Caxton FX – the pre-paid currency card supplier.

CTI’s partnership, the first one Caxton FX has undertaken with a business travel provider, gives its clients the chance to effectively reduce the cost of overseas business trip expenses as well as benefiting from a highly efficient reconciliation process.

Caxton’s prepaid MasterCard can be used just like a normal debit card to pay for goods and services at hotels, restaurants and retail outlets. Businesses can open the Caxton prepaid account within a day, and have prepaid current cards available to travelling employees within five working days. There are no credit checks, or any fees or charges required to operate the card programme. Users are also able to withdraw cash at over 35 million outlets across the world, without incurring the additional fees and charges often applied by the banks.

Clive Wratten, CEO of CTI, said: “Our partnership with Caxton FX is the latest example of CTI’s work with a series of leading companies to augment and enhance the service we offer our customers.

“This partnership-based approach enables us to offer a broader range of practical and innovative business travel solutions that span the entire duration of any business journey.”

Over the past year, CTI has unveiled a series of partnerships with leading organisations including Airplus, AirRefund, Concur Travel, Maiden Voyage and Victor.

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