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 provide 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 increased traffic to targeted touch points which often provides acquirers with a brand new revenue stream.
“Providing Dynamic Currency Conversion services to our financial institution clients presents them a benefit 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 by providing a targeted-method of a needed service.”
Through providing traveling consumers with the option of completing transactions in the local currency or even in their house currency, DCC makes conducting transactions for international travelers easier and much less intimidating. With DCC, consumers are immediately able to see the detailed costs with their transactions as opposed to having to wait for their monthly account statements. This allows for further 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 Solutions. “Being a leading global provider of DCC services including strategic consultation for max usage, Elan Credit Card Login is excited to partner with Elan to offer their clients with 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 longer than 34,000 ATMs nationwide and supports greater than 13 million ATM and atm cards. To learn more, 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 solutions to finance 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 cellular phone some time and other prepaid products.