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 an agreement to implement Euronet’s Dynamic Currency Conversion (DCC) Solution.
Provided through ATM, POS and ecommerce touch points, My Account Access allows acquirers to offer you foreign currency exchange services to consumers who use foreign-issued debit or credit cards. With DCC, acquirers can expand their reach, broaden their interest global consumers and drive increased traffic to targeted touch points which provides acquirers with a brand new revenue stream.
“Providing Dynamic Currency Conversion services to our lender 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 industry through providing a targeted-strategy to a needed service.”
By offering traveling consumers with deciding on a completing transactions in the local currency or even in their property currency, DCC makes conducting transactions for international travelers much easier and much less intimidating. With DCC, individuals are immediately able to view the detailed costs with their transactions as opposed to having to watch for their monthly account statements. This allows for more accurate budgeting and much easier account balancing without any surprises as a result of unknown fees.
“Experienced processors like Elan Financial Services comprehend the ever-growing need 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 a leading global provider of DCC services including strategic consultation for maximum usage, Elan Financial Services Login is excited to partner with Elan to offer 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 charge 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 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 answers to banking institutions, retailers, service 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 online-initiated consumer-to-consumer and business-to-business money transfer services, and electronic distribution of prepaid cell phone time and other prepaid products.