New Payment Option Helps Prevent Costly Losses (NAPSA)—On average, Americans carry about $200 in cash while traveling on vacation. While this form of currency offers the convenience of being accepted everywhere, it also poses a great lure for pickpockets. Debit cards, too, can be used by others to wipe out your bank account if they fall into the wrong hands. “Today’s travelers have an increasing number of worries when it comes to protecting their travel funds and valuables. In addition to concerns about loss and theft, more and more people are also worried about becoming a victim of identity theft,” said Valerie Sorrano Keating, president, American Express Global Travelers Cheques and Prepaid Services Group. “Yet despite these concerns, Americans spend more than $100 billion in cash annually when they travel. Whenthat moneyis lost or stolen, it’s gone forever.” To help put travelers’ minds at ease, American Express hasintroduced the TravelFunds Card, a prepaid, reloadable travel card. Available in three currencies— U.S. dollar, Euro or British Pound Sterling—it can be used globally anywhere the American Express Cardis accepted, including ATMs. The TravelFunds Card brings travelers a level of safety and convenience that other payment methods do not provide, such as the ability to obtain a refund, usually within 24 hours, if the card is ever lost or stolen. Moreover, unlike a debit card, it is not linked to a bank account, providing further protection from financial theft and loss. By design, the card offers the travelers can avoid carrying cash andare protected againsttheft. same security as American Ex- press Travelers Cheques, in a convenient plastic card. Additional tips for managing your money while on vacation include: Never carry just one form of payment. Carry a combination of credit cards, the American Express TravelFunds Card, cash and Trav- elers Cheques. Limit the amountof cash you carry. A small amountfor tips and other incidentals is okay, but there are no rewards or protections when using cash—andif it’s lost or stolen, it’s gone for good. Know what travel services and protections your travel payment options carry. American Express offers its TravelFunds Card and Travelers Cheques customers passport and credit card replacement assistance 24 hours a day, 7 days a week from anywhere in the world. The TravelFunds Card can be purchased by phone at 1-800AMEX-TFC and on the Internet at www.americanexpress.com/travel fundscard.
