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 allows acquirers to offer you 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 more visitors to targeted touch points which in turn provides acquirers with a new revenue stream.
“Providing Dynamic Currency Conversion services to the financial institution clients presents them a benefit in being able 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 through providing a targeted-approach to a needed service.”
Through providing traveling consumers with the choice of completing transactions inside the local currency or even in their property currency, DCC makes conducting transactions for international travelers much easier and less intimidating. With DCC, people are immediately able to look at the detailed costs with their transactions instead of being forced to watch for their monthly account statements. This permits for further accurate budgeting and much easier account balancing without any surprises as a result of unknown fees.
“Experienced processors like Elan Financial Services understand 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 Programs. “Being a leading global provider of DCC services including strategic consultation for maximum usage, Elan Credit Card is excited to partner with Elan to supply their clients with this new value-added service.”
About Elan Financial Services. Elan Financial Services offers a complete range of processing and payments services, including credit 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 longer than 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 solutions to banking institutions, retailers, service 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 web-based-initiated consumer-to-consumer and business-to-business money transfer services, and electronic distribution of prepaid cellular phone time as well as other prepaid products.