WORLDLINE AND FEXCO PARTNER TO BRING DCC TO ATMs ACROSS EUROPE
Dublin and Bezons, 15 June 2015 – Worldline, the European leader in the payments and transactional services industry, and FEXCO – the leading independent global provider of Dynamic Currency Conversion (DCC) and Multi Currency Pricing (MCP), have today announced an extension of their partnership to offer DCC at ATMs.
DCC at ATMs gives non-euro cardholders in Europe, the first traveler destination in the world, the value added service option to withdraw money from ATMs when traveling abroad, with full visibility of the exchange rate they are paying and the knowledge of how much they are withdrawing in their own currency, on the day of the transaction.
The technology is built as a comprehensive system for delivering DCC services on ATM Networks to European Independent ATM Deployers (IAD’s) and Financial Institutions (FI’s), offering an end to end solution to currency management, authorization, clearing, settlement and dispute management.
Wolf Kunisch, Managing Director of Worldline Financial Processing and Licensing business line, comments: “By partnering with FEXCO, Worldline is facilitating acquirers’ access to DCC services, making their ATMs more attractive and increasing their revenue stream. DCC at ATM enhances Worldline’s end-to-end capabilities in ATM management and ATM acquiring. This enrichment of Worldline’s value added services portfolio reinforces its global strategy to provide more than just payment services.”
Denis Cleary, Managing Director of FEXCO DCC, comments: “We are delighted to be extending our existing partnership with Worldline to offer DCC at ATM across Europe. “This partnership combines FEXCO’s global expertise in DCC with Worldline’s experience in ATM processing, to offer ATM Deployers and Financial Institutions across Europe an improved ATM solution for their customers.” We have been working with Worldline since 2011 and we see a great synergy and complementary value proposition between FEXCO and Worldline product offerings. We look forward to extending this relationship into Worldline’s Financial Processing and Licensing business line for ATMs.”
Notes to the Editor
Worldline and FEXCO will be present at European ATMs, the conference organized by ATMIA in London on 16th & 17th June 2015.
For more information contact:
Contact Presse Worldline
Havas Worldwide Paris
Tel +33 1 58 47 90 70 Mob 06 63 08 41 20
Group PR Manager FEXCO
14 Ely Place, Dublin 2
Tel: +353 861653055
FEXCO is Ireland’s most successful multinational financial and business solutions provider, with operations in 33 countries worldwide. Founded and headquartered in Ireland in 1981, FEXCO employs more than 2,000 people across Europe, the Middle East, Asia-Pacific, North America and Latin America.
FEXCO serves some of the world’s biggest brands across multiple industries through a wide range of innovative products and services, including Dynamic Currency Conversion (DCC), Multi Currency Pricing (MCP), Mobile Payments, Commercial and Retail FX, Managed Business Solutions and Tax Free Shopping.
For 34 years FEXCO has been driven by an entrepreneurial and innovative spirit. This ethos has brought the company to new regions and industries of growth, connecting customers with exciting new opportunities. Through its commitment to partnership and innovation, the company has built an international network of customers. www.fexco.com
Worldline [Euronext: WLN] is the European leader in the payments and transactional services industry. Worldline delivers new-generation services, enabling its customers to offer smooth and innovative solutions to the end consumer. Key actor for B2B2C industries, with over 40 years of experience, Worldline supports and contributes to the success of all businesses and administrative services in a perpetually evolving market. Worldline offers a unique and flexible business model built around a global and growing portfolio, thus enabling end-to-end support. Worldline activities are organized around three axes: Merchant Services & Terminals, Mobility & e-Transactional Services, Financial Processing & Software Licensing. Worldline employs more than 7,300 people worldwide and generated 1.15 billion euros revenues in 2014.
Worldline is an Atos company. www.worldline.com