We introduced Dynamic Currency Conversion (DCC) into a network of 600 ATMs, the profitability increased by 45%.
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.
Scope
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.
Outcome
- Increased profitability
- Increased service function to encourage more users
- Allows ATM owner to apply exchange rate
