RealTime IT News

Thomas Cook Relaunches Internet Foreign Exchange Service

Travel company Thomas Cook announced the relaunch of its interactive foreign exchange service, fx4business.com, and said it will expand its Virtual Trading Desk into the United Kingdom on August 3.

First launched in February 1997, fx4business.com was rated in that year as the best Internet foreign exchange service by the Dow Jones Business Directory.

Virtual Trading Desk is designed to enable companies to pay international drafts and make wire transfers from any Internet-ready computer anywhere in the world. The improved version uses advanced Java script for greater flexibility, providing customers with immediate domestic pricing on transactions.

Other improvements include better reporting facilities, allowing customers to generate reports from the site, reference past orders, and customise the service to make repetitive transactions easier, the company said.

"As a consumer-driven business solution, fx4business.com and the Virtual Trading Desk offer customers the ability to manage their international business transactions efficiently without the obstacles inherent in a stand-alone, PC-based solution," said John Telford, Thomas Cook's senior VP, Corporate Foreign Exchange. "Our customers depend on real-time, online convenience for their foreign exchange transactions, and Thomas Cook is pleased to deliver these services to customers in the United Kingdom as we expand internationally."

Among the site's new features are "News and Information" and "Quick Facts" sections with information about European Monetary Union, NAFTA, and Y2K, together with a daily market commentary.

Thomas Cook has foreign exchange bureaus in over 100 countries.