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Enabling international online customers to pay with their home currency

20 Nov 2017
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Mastercard and Fexco: A success story

In 2016, recognising the continued demands on merchants and Payment Service Providers (PSPs) to provide innovative and value added services, Mastercard Payment Gateway Services and Fexco collaborated to enable Fexco’s Dynamic Currency Conversion (DCC) solutions on Mastercard’s global, brand agnostic gateway.

Mastercard Payment Gateway Services provides multi-channel global payment processing services and advanced fraud prevention and risk management solutions to banks, partners and enterprise merchants. Advanced technology from Mastercard Payment Gateway Services enables customers to accept and process payments in over 177 currencies – across e-commerce, m-commerce and cardholder present channels – with the security and confidence of tools tailored to meet exacting and expanding business needs.

Fexco, one of the world’s leading providers of payment solutions, is the originator of DCC and is the global market leader in the provision of DCC services.

What is DCC?

DCC gives international cardholders the choice to pay for goods and services in their home currency or the local currency of the merchant with immediate visibility of the foreign exchange process.

The client

Headquartered in Warsaw, Poland, eCard S.A. (eCard) offers innovative payment solutions to clients across the region. Predominantly focused on eCommerce, eCard also provides online payment acceptance across mobile and MOTO channels. In addition to supporting traditional payment cards, eCard supports eBanking and eTransfer payments through its PayByLink service.

Currently eCard competes as one of the largest players in the ecommerce space in Poland but is set to consolidate its position as industry leader throughout Central and Eastern Europe having recently completed the merger with DotPay, a leading Payment Institution and online PSP.


The challenge

In preparing to position itself as one of the largest eCommerce specialists in Poland and across Central and Eastern Europe, eCard’s ambitious growth strategy required it to address the growing needs of their existing merchant base as well as anticipate the needs of new merchants that they sought to add to the expanding network.

eCard became aware of merchants’ growing demands to avail of a range of value added services in a highly competitive marketplace.

The solution

eCard sought the advice of their long-standing partner, Mastercard, who in turn introduced its Payment Gateway Services team to Fexco. Working together, the teams proposed a solution that would guarantee a robust technical service meeting the requirements of eCard.

Dynamic Currency Conversion – the first service from Mastercard Payment Gateway Services – enabled eCard to display the price of the goods or services in two different currencies: the Cardholder Preferred Currency (CPC) or the Merchant Preferred Currency (MPC). Mastercard Payment Gateway Services enabled eCard to dynamically convert the price of the goods or services at the checkout page providing real-time foreign exchange rates.

Fexco and Mastercard Payment Gateway Services’ DCC solution was launched for an eCard pilot merchant in June 2017 with immediate success – bringing value to the merchant’s customer base, the merchant and eCard.

Critical to the success of the project was the speed to market of the DCC solution. This was achieved by leveraging pre-existing technical infrastructure between Mastercard and Fexco, using already defined project documentations and availing of teams familiar with their counterparts’ products and services.


Integrated methods supported

  • Direct Integration (card captured on merchant website).
  • Hosted Session (card captured on a form appearing to be on merchant website but interaction actually directly on gateway only).
  • Hosted Checkout (payment page or light-box hosted by gateway).

The benefits

The Fexco and Mastercard Payment Gateway Services DCC solution allows eCard to:

  • Avail of a zero foreign exchange risk. A merchant selling goods or services for PLN zł 100 is guaranteed settlement of PLN zł 100* by eCard.
  • Provide merchants with an efficient and secure service that adheres to new card and industry schemes such as 3-D Secure and Payment Card Industry Security Standards (PCI DSS) compliance.
  • Benefit from dual expertise and knowledge of industry leaders including training, marketing and account management support.
  • Generate a new revenue stream from existing cross-border transactions.
  • Have confidence in a robust DCC solution delivered securely on Mastercard’s brand agnostic payment gateway and powered by Fexco.
  • Offer their merchants a value added service through DCC which is in full compliance with card scheme regulations.

*Less any standard Merchant Service Fee (MSF)

Enabling international online customers to pay with their home currency

About Fexco

Founded and headquartered in Ireland in 1981, Fexco is one of the world’s leading providers of payment solutions. Fexco is the originator of Dynamic Currency Conversion (DCC) and is the global market leader in the provision of DCC services providing solutions to 100,000+ merchant locations with over 50 multi-currency enabled acquiring banks.

Fexco serves some of the world’s biggest brands across multiple industries through a wide range of innovative products and services including; DCC, Multi Currency Pricing (MCP), Tax Free Shopping and Retail FX. Fexco also offers a full suite of treasury management and international payment solutions worldwide.

Fexco employs more than 2,300 people in its operations spanning 29 countries across Europe, the Middle East, Asia-Pacific, North America and Latin America.

Visit or contact for more information

About Mastercard Payment Gateway Services

As a global partner to some of the world’s most recognisable brands in the gaming, travel, retail and finance sectors, Mastercard Payment Gateway Services combines smart thinking and an end-to-end solution to help its customers transcend the complexities and expense associated with payment processing.

Mastercard Payment Gateway Services customers protect their brand and reputation, enhance end-user experience and capitalise on new global market opportunities.

Mastercard has introduced the Enhanced European DCC Compliance Program in order to provide a more consistent and structured DCC compliance approach, ensuring that the applicable legislation and Mastercard Rules are respected by Acquirers, Merchants and ATM providers at all times.

The Mastercard Rules generally reflect the obligations imposed on Payment Institutions under the EU Payment Services Directive (PSD) and the revised Payment Services Directive (PSD2).

Contact for more information.

Enabling international online customers to pay with their home currency

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