Euronet Software Solutions, a division of leading electronic payments provider Euronet Worldwide, Inc. (Nasdaq:EEFT), today announced that Elan Financial Services, a U.S.-based transaction processor and payments services provider, has signed a binding agreement to implement Euronet’s Dynamic Currency Conversion (DCC) Solution.
Presented through ATM, POS and ecommerce touch points, https Myaccountaccess Activate allows acquirers to offer foreign currency exchange services to consumers who use foreign-issued debit or charge cards. With DCC, acquirers can expand their reach, broaden their interest global consumers and drive more traffic to targeted touch points which provides acquirers with a brand new revenue stream.
“Providing Dynamic Currency Conversion services to our own lender clients provides them a benefit in having the ability to more efficiently serve international travelers who use their ATMs,” said Troy Cullen, President of Elan Financial Services. “DCC will differentiate our clients in the marketplace by offering a targeted-method of a needed service.”
By providing traveling consumers with deciding on a completing transactions inside the local currency or perhaps in their home currency, DCC makes conducting transactions for international travelers easier and much less intimidating. With DCC, individuals are immediately in a position to see the detailed costs with their transactions rather than being forced to watch for their monthly account statements. This enables for more accurate budgeting and simpler account balancing with no surprises as a result of unknown fees.
“Experienced processors like Elan Financial Services be aware of the ever-growing necessity for ATM owners to provide innovative services to retain and extend their customer base,” said Cindy Ashcraft, V . P ., Euronet Worldwide and Managing Director, Euronet Software Solutions. “As a leading global provider of DCC services including strategic consultation for maximum usage, Myaccountaccess Activate is excited to partner with Elan to supply their customers using this new value-added service.”
About Elan Financial Services. Elan Financial Services offers a complete range of processing and payments services, including bank card issuing, prepaid card solutions and ATM and debit card processing. A leading charge card issuer, Elan also rarzrl transaction processing, terminal driving and monitoring and support services for more than 34,000 ATMs nationwide and supports a lot more than 13 million ATM and atm cards. To learn more, visit www.elanfinancialservices.com.
About Euronet Worldwide, Inc. Euronet Worldwide is definitely an industry leader in processing secure electronic financial transactions. The Company offers payment and transaction processing answers to finance institutions, retailers, companies and individual consumers. These services include comprehensive ATM, POS and card outsourcing services, card issuing and merchant acquiring services, software programs, cash-based and web-based-initiated consumer-to-consumer and business-to-business money transfer services, and electronic distribution of prepaid cellular phone time as well as other prepaid products.