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.
Provided through ATM, POS and ecommerce touch points, Elan Credit Card allows acquirers to provide foreign exchange services to consumers who use foreign-issued debit or bank cards. With DCC, acquirers can expand their reach, broaden their attract global consumers and drive increased traffic to targeted touch points which in turn provides acquirers with a 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 industry through providing a targeted-strategy to a needed service.”
By offering traveling consumers with deciding on a completing transactions inside the local currency or in their house currency, DCC makes conducting transactions for international travelers much easier and fewer intimidating. With DCC, consumers are immediately capable of look at the detailed costs of the transactions instead of being forced to wait around for their monthly account statements. This enables for more accurate budgeting and easier account balancing with no surprises because of unknown fees.
“Experienced processors like Elan Financial Services be aware of the ever-growing need 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, My Account Access is excited to partner with Elan to offer their clientele with this particular new value-added service.”
About Elan Financial Services. Elan Financial Services offers a complete range of processing and payments services, including charge card issuing, prepaid card solutions and ATM and debit card processing. A leading credit card issuer, Elan also rarzrl transaction processing, terminal driving and monitoring and support services for more than 34,000 ATMs nationwide and supports a lot more than 13 million ATM and debit 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, companies 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 internet 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.