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.
Made available through ATM, POS and ecommerce touch points, www.myaccountaccess.com allows acquirers to provide foreign 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 brand new revenue stream.
“Providing Dynamic Currency Conversion services to our own financial institution clients provides them an advantage 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 industry by offering a targeted-approach to a needed service.”
By providing traveling consumers with the choice of completing transactions in the local currency or perhaps in their house currency, DCC makes conducting transactions for international travelers much simpler and fewer intimidating. With DCC, consumers are immediately able to see the detailed costs of their transactions as opposed to having to wait for their monthly account statements. This permits for additional accurate budgeting and easier account balancing without any surprises as a result of unknown fees.
“Experienced processors like Elan Financial Services be aware of 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. “As a leading global provider of DCC services including strategic consultation for max usage, Myaccountaccess is excited to partner with Elan to supply their clientele using this new value-added service.”
About Elan Financial Services. Elan Financial Services offers a complete range of processing and payments services, including bank card issuing, prepaid card solutions and ATM and debit card processing. A leading charge 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 debit cards. For more information, visit www.elanfinancialservices.com.
About Euronet Worldwide, Inc. Euronet Worldwide is definitely an industry leader in processing secure electronic financial transactions. The Company offers payment and transaction processing solutions to financial institutions, retailers, providers 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 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.