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.
Made available through ATM, POS and ecommerce touch points, Cardmember Services Login allows acquirers to provide 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 visitors to targeted touch points which provides acquirers with a brand new revenue stream.
“Providing Dynamic Currency Conversion services to the lender clients presents 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 market by offering a targeted-strategy to a needed service.”
By offering traveling consumers with deciding on a completing transactions within the local currency or even in their property currency, DCC makes conducting transactions for international travelers much easier and fewer intimidating. With DCC, people are immediately in a position to view the detailed costs with their transactions instead of being forced to wait around for their monthly account statements. This enables for additional accurate budgeting and simpler account balancing without surprises because of unknown fees.
“Experienced processors like Elan Financial Services comprehend the ever-growing requirement for ATM owners 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 being a leading global provider of DCC services including strategic consultation for max usage, Elan Financial Services Login is excited to partner with Elan to provide their clientele with this particular new value-added service.”
About Elan Financial Services. Elan Financial Services supplies a complete range of processing and payments services, including bank 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 over 34,000 ATMs nationwide and supports more 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 methods to financial institutions, retailers, companies 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 mobile phone some time and other prepaid products.