1 July 2009

The POS service allows the travel agent to operate a full-scale foreign exchange solution

UK travel agent Midlands Co-op Travel has implemented an IMX point of sale solution (POS) for foreign exchange at over 120 of its high street outlets.

The POS service, which runs on the Microsoft platform, will enable the travel agent to operate a full-scale foreign exchange solution that is hosted and managed remotely.

“Using software as a service (SaaS) is a very cost-effective way to roll out a system,” said David Haywood, foreign exchange manager at Midlands Co-op Travel. “We have been working with IMX to reduce infrastructure costs and support costs. We needed a timely, cost-effective solution that was easy to upgrade to additional branches as we see the benefits of the system.”

Using software as a service is a very cost-effective way to roll out a system

David Haywood, Midlands Co-op Travel “We believe that our customers want a fully hosted SaaS for foreign exchange,” said Tim Shaw, global product manager at IMX. “They need something that is easy to update, has centralised managed control and is simple to roll out at a low cost. The success we have seen to date with this service is testament to the desire for those dealing in the financial travel sector to increase efficiencies. It is our intention through our current partners and those we are in negotiations with, to expand this service globally.”

IMX partners with major currency and travel money product providers and its SaaS solution integrates with external accounting systems, to allow foreign exchange facilities to report sales and inventory positions in real-time. It also interfaces with third-party supplier systems for the delivery of products such as cash, prepaid cards and travellers cheques.

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