Midlands Co-op deploys online foreign money exchange system to streamline operations

Midlands Co-op Travel has deployed the IMX Travel Money online...

Midlands Co-op Travel has deployed the IMX Travel Money online system to streamline its foreign currency exchange facility.

IMX's Travel Money Exchange (TMX) platform is managing branch currency ordering and fully automating travel bureaux at more than 80 Midlands Co-op Travel outlets across the region.

By implementing TMX, Midlands Co-op Travel has the ability to maintain real-time control of its branch network. Central administration can view, manage and report on inventory, products, fees and rates, via a secure front-end that has been specifically tailored to meet its requirements.

By centralising this administration, manual interaction is greatly reduced which significantly reduces the level of errors. Head office can see what inventory is held at a cashier level and, during the day, it can receive real-time information on the type of transactions being performed, at what time and by whom.

David Haywood, foreign exchange manager at Midlands Co-op Travel, said, "This upgrade to our existing travel exchange technology provides a real time solution for our travel bureau facility."

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