In today’s highly competitive acquiring marketplace, acquirers are continuously challenged to grow their merchant base, retain existing merchants while at the same time pass increased transaction processing fees to their merchants.
Fexco’s Dynamic Currency Conversion (DCC) offers an attractive solution for acquirers and their merchants to generate a new revenue through the upfront conversion of foreign purchases.
Acquirers existing merchants often view this revenue as a means of offsetting transaction processing fees while new merchants expect to be able to avail of DCC from their acquiring bank.
Fexco offers a complete end-to-end DCC solution, providing front end card lookup and rates provision technology in addition to full treasury and cash management on the back end. Once implemented, DCC can be made available to global merchants in the retail, eCommerce, hospitality, duty free, airline, surface transport and entertainment sectors.
Experience and Expertise
Fexco has over 19 years’ experience of currency conversion solutions for the payments industry.
Capitalise on the total opportunity by offering DCC or MCP on more currencies. Fexco distribute rates for over 1,000 currency pairs.
Financial Strength & Stability
Fexco has the financial strength and expertise to invest in our partners and we commit to long-term, mutually beneficial partnerships.
No Hidden FX Margins
Complete disclosure and traceability of foreign exchange rate margin setting process. Fexco will agree the FX margin to be applied to a Reuters Wholesale Interbank Rate.
Speed to Market
Fexco is already partnered with multiple Passenger Service Systems, online booking engines and other third party technical payment providers.
Card Scheme Compliance
Fexco firmly believes in the longevity of DCC as a product and advocate transparency and disclosure to cardholders in accordance with card scheme compliance requirements.
Fexco provides superior support to our clients as part of our established Partnership Support Programme to assist them to effectively promote and offer DCC and drive revenue maximization.
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Fexco’s DCC solutions are available across the following channels:
Fexco Dynamic Currency Conversion Details
Registered address: Fexco Centre, Iveragh Road, Killorglin, Co. Kerry, Ireland