Travelex Group, a London-based distributor of foreign-currency reloadable prepaid cards that offer consumers a locked in foreign-exchange rate, has added a text-message alert service to notify cardholders when account funds drop below 100 pounds (US$149 or 117 euros).

The service is available to new Travelex Cash Passport cardholders through a partnership with Monitise PLC, a United Kingdom-based mobile-banking and payments provider. Travelex works with multiple financial institutions worldwide that issue the MasterCard-branded cards.

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