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WEAK DOLLAR WREAKING HAVOC ON OVERSEAS TRAVELERS

 WEAK DOLLAR WREAKING HAVOC ON OVERSEAS TRAVELERS
 CHICAGO, Aug. 27 /PRNewswire/ -- Travelers can lessen impact by


using international ATMs:
 -- Due to the weak dollar, millions of Americans traveling outside
 the U.S. are spending significantly more and receiving
 significantly less. This is especially apparent when changing
 money, since high fees and the strength of foreign currencies
 take a larger bite of travelers' dollars than at any time in the
 last 30 years.
 -- Travelers can make the most of their travel dollars by using
 international automated teller machines (ATMs) like those
 belonging to the MasterCard/CIRRUS ATM Network to withdraw
 funds from their home bank accounts or obtain a cash advance.
 By offering travelers better exchange rates and convenience,
 these ATMs can help reduce the impact of the weak dollar.
 -- Preferential Exchange Rates. Travelers using ATMs that display
 the MasterCard and CIRRUS logos get more for their money because
 network ATMs use the "wholesale" exchange rate, a preferential
 rate usually reserved for transactions of $1 million or more --
 and a better rate than is available at hotels or currency
 exchanges.
 -- Outstanding Convenience. With more than 90,000 MasterCard/CIRRUS
 ATMs located in 35 countries, cardholders can get cash 24-hours-a
 day, seven days a week using the same ATM card or credit and
 personal identification number (PIN) they use at home. In
 addition, network ATMs overseas dispense local currency, so
 travelers need not waste valuable vacation time waiting in line
 to change money.
 -- Network ATMs overseas are found in locations similar to at home
 -- banks, shopping centers, commercial districts, tourist
 attractions, train stations and many airports.
 -- Network ATMs overseas "speak" several languages, including
 English, and generally work like ATMs at home. First,
 cardholders should contact their banks before departure to ensure
 that their PINs will work internationally and to obtain location
 information. Then, they should be sure to take along their ATM
 cards and credit cards that display the MasterCard and/or CIRRUS
 logos, in addition to travelers checks and cash.
 -0- 8/27/92
 /CONTACT: Caroline Reader, director of communications of Cirrus System, 708-449-4000, or Carole Shifman, HLB Communications Inc., 312- 649-0371, for Cirrus Systems/ CO: Cirrus System Inc. ST: Illinois IN: FIN SU:


TM -- NY093 -- 4204 08/27/92 19:59 EDT
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Aug 27, 1992
Words:372
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