Euronet Software Programs, 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.
Presented through ATM, POS and ecommerce touch points, myaccountaccess.com allows acquirers to offer you foreign 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 more visitors to targeted touch points which provides acquirers with a brand new revenue stream.
“Providing Dynamic Currency Conversion services to the lender clients provides them an advantage 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 through providing a targeted-strategy to a needed service.”
By providing traveling consumers with deciding on a completing transactions in the local currency or perhaps in their home currency, DCC makes conducting transactions for international travelers easier and much less intimidating. With DCC, people are immediately able to see the detailed costs of their transactions instead of having to wait for their monthly account statements. This allows for further accurate budgeting and much easier account balancing with no surprises because of unknown fees.
“Experienced processors like Elan Financial Services understand the ever-growing requirement 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 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 provides 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 longer than 34,000 ATMs nationwide and supports greater than 13 million ATM and debit cards. For more 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 finance institutions, retailers, service providers and individual consumers. These types of services include comprehensive ATM, POS and card outsourcing services, card issuing and merchant acquiring services, software solutions, cash-based and online-initiated consumer-to-consumer and business-to-business money transfer services, and electronic distribution of prepaid cell phone time and other prepaid products.