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 a contract to implement Euronet’s Dynamic Currency Conversion (DCC) Solution.
Made available through ATM, POS and ecommerce touch points, Elan Financial Services Login allows acquirers to offer foreign 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 increased traffic to targeted touch points which in turn provides acquirers with a new revenue stream.
“Providing Dynamic Currency Conversion services to our financial institution clients gives them an edge in being able 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 through providing a targeted-approach to a needed service.”
Through 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, people are immediately in a position to see the detailed costs with their transactions rather than having to wait for their monthly account statements. This enables for more accurate budgeting and simpler account balancing without any surprises because of unknown fees.
“Experienced processors like Elan Financial Services comprehend the ever-growing necessity 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 Solutions. “Being a leading global provider of DCC services including strategic consultation for optimum usage, Elan Financial Services Login is excited to partner with Elan to provide their customers with this particular 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 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. To learn more, 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 methods to financial institutions, retailers, companies and individual consumers. These 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 mobile phone time and other prepaid products.