As part of the parent company strategic review RBCG defined the strategy for a new service development.
As part of the strategy RBCG launched a new UK Independent ATM Deployer.
We were challenged to redesign ATM management.
Retail-BCG engaged with academics to bring concept to market.
DCC allows the ATM owner to apply the exchange rate to domestic rate for foreign cardholders.
The functionality can then be extended to include Foreign Currency (FX) dispense.
We introduced Dynamic Currency Conversion (DCC) into a network of 600 ATMs, the profitability increased by 45%.
To optimise DCC functionality you need to have intimate knowledge of the schemes and the processing environment. We introduce DCC and FX through new suppliers or redefinition of existing.
See reduced costs & increased profits.
Posted 30 Nov 22
The Irish government is proposing a legislative framework to protect access to cash in the...
Posted 24 Nov 22
As banks around the world rationalise their ATM fleets and remove unprofitable units, independent ATM...
Posted 21 Nov 22
The Covid-19 pandemic had a significant impact on people’s payment habits, with cash use falling...
Posted 27 Oct 22
Director of the US Consumer Financial Protection Bureau (CFPB), Rohit Chopra, took to the Money20/20...
Posted 25 Oct 22
A new report claims that, as in 2021, banks are facing increasing change and consolidating...
Posted 25 Oct 22
The Central Bank of Ireland has revealed, in an internal report, that the demand for...
Posted 24 Oct 22
This is an excerpt from Finextra’s report, ‘The Future of Digital Banking North America 2023‘. We...
Posted 24 Oct 22
Source: https://www.finextra.com/the-long-read/521/the-future-of-digital-banking-in-north-america-how-vulnerability-will-lead-to-better-protection?utm_medium=longreadflash This is an excerpt from Finextra’s report, ‘The Future of Digital Banking North...
Posted 14 Oct 22
By Nichola Rutherford BBC Scotland News Source: https://www.bbc.co.uk/news/uk-scotland-tayside-central-62807311 It’s been a couple of months since...
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