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 binding agreement to implement Euronet’s Dynamic Currency Conversion (DCC) Solution.
Presented through ATM, POS and ecommerce touch points, https Myaccountaccess Activate allows acquirers to provide foreign 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 increased traffic to targeted touch points which often provides acquirers with an all new revenue stream.
“Providing Dynamic Currency Conversion services to the lender clients gives them an advantage in being able 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 industry by providing a targeted-method of a needed service.”
By offering traveling consumers with the option of completing transactions within the local currency or in their property currency, DCC makes conducting transactions for international travelers much easier and fewer intimidating. With DCC, consumers are immediately able to look at the detailed costs of the transactions as opposed to needing to wait for their monthly account statements. This enables for more accurate budgeting and easier account balancing without any surprises because of unknown fees.
“Experienced processors like Elan Financial Services be aware of the ever-growing need 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. “Being a leading global provider of DCC services including strategic consultation for max usage, Myaccountaccess Personal is excited to partner with Elan to supply their clientele with this new value-added service.”
About Elan Financial Services. Elan Financial Services supplies a complete range of processing and payments services, including credit 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 greater than 13 million ATM and atm 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 banking institutions, retailers, providers and individual consumers. These 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 cellular phone time and other prepaid products.