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.
Provided through ATM, POS and ecommerce touch points, Elan Credit Card Login allows acquirers to provide currency exchange services to consumers who use foreign-issued debit or credit cards. With DCC, acquirers can expand their reach, broaden their appeal to global consumers and drive more traffic to targeted touch points which in turn provides acquirers with a new revenue stream.
“Providing Dynamic Currency Conversion services to the lender clients provides 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 industry by offering a targeted-strategy to a needed service.”
By providing traveling consumers with deciding on a completing transactions within the local currency or in their house currency, DCC makes conducting transactions for international travelers much easier and fewer intimidating. With DCC, consumers are immediately in a position to see the detailed costs with their transactions rather than being forced to watch for their monthly account statements. This allows 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 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, Myaccountaccess Login is excited to partner with Elan to offer their clientele with this particular 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 bank 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. 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 methods to financial institutions, retailers, companies 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 mobile phone time as well as other prepaid products.