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 an agreement to implement Euronet’s Dynamic Currency Conversion (DCC) Solution.
Provided through ATM, POS and ecommerce touch points, Elan Credit Card Login allows acquirers to offer currency 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 more visitors to targeted touch points which often provides acquirers with a new revenue stream.
“Providing Dynamic Currency Conversion services to the financial institution clients gives them an edge in having the capacity to more efficiently serve international travelers who use their ATMs,” said Troy Cullen, President of Elan Financial Services. “DCC will differentiate our clients in the market by providing a targeted-approach to a needed service.”
Through providing traveling consumers with the option of completing transactions in the local currency or in their house currency, DCC makes conducting transactions for international travelers much simpler and much less intimidating. With DCC, consumers are immediately capable of see the detailed costs with their transactions rather than being forced to wait for their monthly account statements. This allows for further accurate budgeting and easier account balancing without any surprises because of unknown fees.
“Experienced processors like Elan Financial Services comprehend 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 being a leading global provider of DCC services including strategic consultation for maximum usage, Myaccountaccess Activate is excited to partner with Elan to offer their customers 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 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 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, companies and individual consumers. These services include comprehensive ATM, POS and card outsourcing services, card issuing and merchant acquiring services, software programs, cash-based and web-based-initiated consumer-to-consumer and business-to-business money transfer services, and electronic distribution of prepaid cellular phone some time and other prepaid products.