FX Africa deploys IMX Software’s Travel Money Exchange online solution to streamline operations

London - 27 May 2009

IMX Software, the global leader in banknote trading and travel money technology solutions, today announced that its TMX (Travel Money Exchange) online solution has been selected by FX Africa (trading in South Africa as Travelex Retail Foreign Exchange) to manage its retail foreign exchange outlets throughout the region. IMX Software is represented by its business partner Business Edge, in South Africa.

IMX’s TMX online solution gives management at Travelex Retail Foreign Exchange the ability to maintain real-time, centralised control of its branch network. The TMX suite provides a full range of management and reporting tools, allowing Travelex Retail Foreign Exchange to easily manage and track inventory, products, fees and rates.

Jon Newbery, CEO at IMX Software commented: “We’re focused on bringing solutions to the market which are finely tuned to the demands of the foreign exchange industry. Our technology streamlines Travelex Retail Foreign Exchange’s processes - shortening transaction times, automating branch currency ordering and allowing real-time control of the branch network.”

Darren Jenkins-Ferrett, Managing Director of Travelex Retail Foreign Exchange added, “We have selected the TMX online solution to manage our operations because it is a leading independent solution for retail foreign exchange operators. The suite is a mature product with rich functionality that supports our drive to improve efficiency and customer service. By selecting a product based on industry standards rather than custom-developing our own solution, we can benefit from a low ongoing cost of ownership whilst ensuring we stay up-to-date with the latest market trends and technology.”

TMX online automates transactions involving travel-related products and services, including cash, travellers cheques, serialised and non-serialised stock and money orders, significantly reducing human error prone tasks. As a browser-based solution, support and maintenance costs are lowered and the software can be quickly and easily rolled out to any new branch providing it has a PC and a broadband internet link installed.

IMX Software offers a flexible range of solutions for retail foreign exchange businesses from the stand-alone bureau de change to large travel and banking operations.

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