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 a contract to implement Euronet’s Dynamic Currency Conversion (DCC) Solution.
Presented through ATM, POS and ecommerce touch points, https://www.mygiftcardsiteusa.com/myaccountaccess-com-login/ allows acquirers to offer currency exchange services to consumers who use foreign-issued debit or charge cards. With DCC, acquirers can expand their reach, broaden their appeal to global consumers and drive more traffic to targeted touch points which in turn provides acquirers with a brand new revenue stream.
“Providing Dynamic Currency Conversion services to the financial institution clients provides them an edge 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 industry by offering a targeted-strategy to a needed service.”
By offering traveling consumers with the choice of completing transactions within the local currency or even in their home currency, DCC makes conducting transactions for international travelers much easier and less intimidating. With DCC, individuals are immediately able to see the detailed costs of their transactions as opposed to having to watch for their monthly account statements. This permits for more accurate budgeting and simpler account balancing without any surprises because 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, V . P ., Euronet Worldwide and Managing Director, Euronet Software Programs. “As a leading global provider of DCC services including strategic consultation for optimum usage, Elan Credit Card is excited to partner with Elan to supply their clients with this particular 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 over 34,000 ATMs nationwide and supports more than 13 million ATM and debit cards. To learn more, 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 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 mobile phone time as well as other prepaid products.