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 contract to implement Euronet’s Dynamic Currency Conversion (DCC) Solution.
Made available through ATM, POS and ecommerce touch points, Cardmember Services Login allows acquirers to provide foreign currency exchange services to consumers who use foreign-issued debit or bank cards. With DCC, acquirers can expand their reach, broaden their attract global consumers and drive increased traffic to targeted touch points which in turn provides acquirers with a new revenue stream.
“Providing Dynamic Currency Conversion services to the financial institution clients provides them an advantage in being able to better serve international travelers who use their ATMs,” said Troy Cullen, President of Elan Financial Services. “DCC will differentiate our clients in the industry by offering a targeted-strategy to a needed service.”
By providing traveling consumers with the choice of completing transactions inside the local currency or even in their home currency, DCC makes conducting transactions for international travelers much simpler and much less intimidating. With DCC, people are immediately capable of see the detailed costs of their transactions as opposed to needing to wait around for their monthly account statements. This permits for further accurate budgeting and much easier account balancing without any surprises because of unknown fees.
“Experienced processors like Elan Financial Services understand the ever-growing necessity for ATM proprietors to provide innovative services to retain and extend their customer base,” said Cindy Ashcraft, V . P ., Euronet Worldwide and Managing Director, Euronet Software Programs. “As a leading global provider of DCC services including strategic consultation for max usage, Myaccountaccess Activate is excited to partner with Elan to supply their clients with 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 longer than 34,000 ATMs nationwide and supports greater than 13 million ATM and debit cards. For additional information, visit www.elanfinancialservices.com.
About Euronet Worldwide, Inc. Euronet Worldwide is 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 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 cellular phone some time and other prepaid products.