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 a contract to implement Euronet’s Dynamic Currency Conversion (DCC) Solution.
Presented through ATM, POS and ecommerce touch points, Myaccountaccess Activate allows acquirers to provide foreign 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 traffic to targeted touch points which often provides acquirers with an all new revenue stream.
“Providing Dynamic Currency Conversion services to our own lender clients gives them an advantage in having the ability to better 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-strategy 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 in a position to look at the detailed costs of their transactions instead of being forced to watch 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 comprehend the ever-growing requirement for ATM proprietors to provide innovative services to retain and extend their customer base,” said Cindy Ashcraft, Vice President, Euronet Worldwide and Managing Director, Euronet Software Programs. “As being a leading global provider of DCC services including strategic consultation for optimum usage, Myaccountaccess Login is excited to partner with Elan to provide their clientele with this new value-added service.”
About Elan Financial Services. Elan Financial Services provides 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 more 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 solutions to finance institutions, retailers, providers and individual consumers. These facilities include comprehensive ATM, POS and card outsourcing services, card issuing and merchant acquiring services, software solutions, cash-based and internet 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.