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.
Provided through ATM, POS and ecommerce touch points, Myaccountaccess Login allows acquirers to offer you foreign currency exchange services to consumers who use foreign-issued debit or credit cards. With DCC, acquirers can expand their reach, broaden their attract global consumers and drive more visitors to targeted touch points which provides acquirers with an all new revenue stream.
“Providing Dynamic Currency Conversion services to the financial institution clients gives them an edge in having the ability to more effectively serve international travelers who use their ATMs,” said Troy Cullen, President of Elan Financial Services. “DCC will differentiate our clients in the market by offering a targeted-strategy to a needed service.”
Through 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, individuals are immediately able to look at the detailed costs of the transactions rather than having to wait around for their monthly account statements. This permits for more accurate budgeting and easier account balancing without surprises because of unknown fees.
“Experienced processors like Elan Financial Services comprehend the ever-growing requirement for ATM owners 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 max usage, My Account Access is excited to partner with Elan to provide their clientele with this particular new value-added service.”
About Elan Financial Services. Elan Financial Services supplies a complete range of processing and payments services, including charge 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 a lot more than 13 million ATM and debit cards. For additional information, visit www.elanfinancialservices.com.
About Euronet Worldwide, Inc. Euronet Worldwide is surely an industry leader in processing secure electronic financial transactions. The Company offers payment and transaction processing methods to banking institutions, retailers, service providers and individual consumers. These facilities 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 mobile phone time and other prepaid products.