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 an agreement to implement Euronet’s Dynamic Currency Conversion (DCC) Solution.
Provided through ATM, POS and ecommerce touch points, Myaccountaccess.Com/Activate allows acquirers to offer foreign 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 often provides acquirers with a new revenue stream.
“Providing Dynamic Currency Conversion services to our lender clients gives them an advantage 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 providing a targeted-approach to a needed service.”
By offering traveling consumers with the option of completing transactions inside the local currency or perhaps in their house currency, DCC makes conducting transactions for international travelers easier and much less intimidating. With DCC, consumers are immediately in a position to see the detailed costs of their transactions instead of needing to wait for their monthly account statements. This enables for additional accurate budgeting and simpler account balancing without any surprises because of unknown fees.
“Experienced processors like Elan Financial Services be aware of the ever-growing requirement for ATM proprietors to provide innovative services to retain and extend their customer base,” said Cindy Ashcraft, Vice President, Euronet Worldwide and Managing Director, Euronet Software Programs. “As being a leading global provider of DCC services including strategic consultation for maximum usage, Myaccountaccess Activate is excited to partner with Elan to offer 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 bank 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 debit cards. For additional information, 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 methods to finance institutions, retailers, companies and individual consumers. These types of services include comprehensive ATM, POS and card outsourcing services, card issuing and merchant acquiring services, software programs, cash-based and internet based-initiated consumer-to-consumer and business-to-business money transfer services, and electronic distribution of prepaid mobile phone time and other prepaid products.