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 allows acquirers to offer you foreign currency exchange services to consumers who use foreign-issued debit or charge cards. With DCC, acquirers can expand their reach, broaden their attract global consumers and drive increased traffic to targeted touch points which often provides acquirers with an all new revenue stream.
“Providing Dynamic Currency Conversion services to our financial institution clients provides them an advantage in having the capacity to better 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-approach to a needed service.”
By offering 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 fewer intimidating. With DCC, individuals are immediately in a position to see the detailed costs of the transactions instead of needing to wait for their monthly account statements. This permits for additional accurate budgeting and easier account balancing without any surprises as a result of unknown fees.
“Experienced processors like Elan Financial Services understand 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 a leading global provider of DCC services including strategic consultation for maximum usage, Myaccountaccess Activate is excited to partner with Elan to offer their clientele with this new value-added service.”
About Elan Financial Services. Elan Financial Services provides a complete range of processing and payments services, including credit 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 more than 13 million ATM and atm cards. To learn more, 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 answers to finance institutions, retailers, providers and individual consumers. These facilities include comprehensive ATM, POS and card outsourcing services, card issuing and merchant acquiring services, software solutions, cash-based and web-based-initiated consumer-to-consumer and business-to-business money transfer services, and electronic distribution of prepaid cell phone time as well as other prepaid products.