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.
Made available through ATM, POS and ecommerce touch points, https Myaccountaccess Activate allows acquirers to offer 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 in turn provides acquirers with an all new revenue stream.
“Providing Dynamic Currency Conversion services to our 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 by providing a targeted-method of a needed service.”
Through providing traveling consumers with deciding on a completing transactions inside the local currency or in their home currency, DCC makes conducting transactions for international travelers much easier and much less intimidating. With DCC, individuals are immediately in a position to view the detailed costs of the transactions as opposed to being forced to watch for their monthly account statements. This permits for more accurate budgeting and simpler account balancing with no surprises due to 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, Vice President, Euronet Worldwide and Managing Director, Euronet Software Programs. “As a leading global provider of DCC services including strategic consultation for max usage, www.Myaccountaccess.Com is excited to partner with Elan to offer their clients using this 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 charge card issuer, Elan also rarzrl transaction processing, terminal driving and monitoring and support services for over 34,000 ATMs nationwide and supports a lot more than 13 million ATM and debit cards. For additional 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 methods to financial institutions, retailers, service providers and individual consumers. These services include comprehensive ATM, POS and card outsourcing services, card issuing and merchant acquiring services, software programs, 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.