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.
Provided through ATM, POS and ecommerce touch points, Myaccountaccess.Com/Activate allows acquirers to offer you currency exchange services to consumers who use foreign-issued debit or bank cards. With DCC, acquirers can expand their reach, broaden their appeal to global consumers and drive more traffic to targeted touch points which often provides acquirers with a brand new revenue stream.
“Providing Dynamic Currency Conversion services to our lender clients gives them a benefit in being able 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 providing traveling consumers with the choice of completing transactions within the local currency or perhaps in their property currency, DCC makes conducting transactions for international travelers much simpler and less intimidating. With DCC, individuals are immediately able to see the detailed costs of their transactions as opposed to having to wait for their monthly account statements. This allows for further accurate budgeting and much easier account balancing without surprises due to 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, V . P ., Euronet Worldwide and Managing Director, Euronet Software Solutions. “As being a leading global provider of DCC services including strategic consultation for maximum usage, Elan Credit Card is excited to partner with Elan to provide their customers with this particular new value-added service.”
About Elan Financial Services. Elan Financial Services supplies 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 more than 34,000 ATMs nationwide and supports greater than 13 million ATM and atm cards. For additional information, 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 methods 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 programs, cash-based and web-based-initiated consumer-to-consumer and business-to-business money transfer services, and electronic distribution of prepaid cell phone time as well as other prepaid products.