28 May 2015
Your browser is unable to support Flash files.

Virgin Australia unveils pre-paid travel money card

19 April 2013  |  5485 views  |  2 Sydney Opera House 2

Airline Virgin Australia has teamed up with Visa to add a pre-paid travel money card that can be loaded with multiple currencies to its frequent flyer membership scheme.

The Oz airline's Global Wallet will let its Velocity Frequent Flyer members load funds onto their card and store it in multiple foreign currencies as well as Australian dollars.

Travellers can use the contactless card at 30 million Visa locations around the world and withdraw cash at two million ATMs, with any purchases earning Velocity frequent flyer points.

Neil Thompson, CEO, Velocity Frequent Flyer, says: "We are delighted to unveil the Global Wallet in partnership with Visa. This new prepaid innovation encapsulates Velocity Frequent Flyer's proposition as a multi-faceted program that pushes traditional boundaries."

Comments: (2)

A Finextra member | 19 April, 2013, 12:36

Would you trust an airline company with your deposits? What if it goes belly-up? Does Visa pay me back since airlines do not have deposit protection guarantees from the government? And what if I also paid for my airline ticket through the airline Visa? Does the belly-up airline provide me with "services not rendered guarantee" protection and refund of airfare?

1 thumb up! 1 thumb up! (Log in to thumb up)
A Finextra member | 22 April, 2013, 14:50

Well of course, Virgin are doing nothing more than put their logo on a standard Visa Card, and market it to their customer base as a Virgin card in return for a share in the transaction fees. 

So yes, your money is in the (safe?) hands of Visa, in the event that 'Virgin goes belly up' so to speak.

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

19 July, 2011
18 June, 2010
02 April, 2004

Related company news

 
Your browser is unable to support Flash files.

Top topics

Most viewed Most shared
UK opts out of European online payments se...
7637 views comments | 22 tweets | 17 linkedin
Bigger banks may have to set up their own...
6462 views comments | 41 tweets | 33 linkedin
JPMorgan Chase puts data to use with new t...
4664 views comments | 16 tweets | 7 linkedin
Postbank trials HCE mobile payments
4658 views comments | 9 tweets | 8 linkedin
Visa Europe opens innovation hub in Israel
4194 views comments | 17 tweets | 8 linkedin

Featured job

To £130K + Bonuses
London based with substantial travel in the Region

Find your next job