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Fexco and ConCardis Celebrate Decade-Long Partnership

13 May 2015
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Foreign exchange specialist Fexco held a celebratory event to mark its 10-year partnership with cashless payment specialist ConCardis.

Fexco and ConCardis formed the partnership in 2005 to provide Dynamic Currency Conversion (DCC) to ConCardis customers. A decade on, more than 10,000 ConCardis merchants in seven European countries now offer DCC as a direct result of the partnership.

The event, held on Tuesday May 12th in Killorglin, saw Fexco and ConCardis coming together to mark this milestone by burying a time capsule in the grounds of Fexco’s head office, where it will remain until 2025. This event is a true reflection of Fexco’s strong partnership competencies and provides a great opportunity to gather together key executives from both organisations.

The event was attended by Simon Harris TD, Minister of State for the Department of Finance, as well as members from both Fexco’s head office and ConCardis Frankfurt.

Denis McCarthy, CEO of Fexco, comments: “It’s a real honour to be celebrating such an impressive milestone with our partners at ConCardis. This anniversary marks the dedication and hard work of both sides to deliver an unparalleled service to merchants across Europe.

“This event gives us the opportunity to look back over the success of the past decade and build on this, for what we hope will be another prosperous decade working together.

“We are delighted to have Minister Harris attending the event and we would like to thank him for his continued support of the work that Fexco do both here in Ireland and further afield.”

Rainer Sureth, CEO of ConCardis, comments: “We’ve had a great partnership with Fexco for the past ten years and this is a perfect example of how mutually beneficial pan-European business relationships can be when done well.

“Thanks to this partnership, we became the first German provider to offer our customers Dynamic Currency Conversion, allowing us to improve the card shopping experience for millions of international visitors – benefiting both customers and merchants alike.”

Simon Harris, Minister of State for the Department of Finance, comments: “I am delighted to join with Fexco and ConCardis in celebrating their successful and long-standing business partnership. 10 years is a long time in the business world, more so in the fast changing world of international financial services.

Fexco, an expanding and regionally-based Irish Financial Services company, is exceptional and can be held up to embody several key objectives of my recently published International Financial Services Strategy (IFS2020).

“I believe their strong relationship with ConCardis – a leading German service provider in the European ‘Acquiring Business’ market – also serves as a roadmap for Irish financial services’ start-ups and SMEs looking to go to scale through new product development and expansion into new markets. I wish both companies continued success now and into the future.”

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