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FEXCO the worlds premier Dynamic Currency Conversion provider across eComm, Point of Sale and ATM. Across all merchant verticals including retail, airline, car-hire, gaming and more
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FEXCO Merchant Services
Introducing FEXCO Merchant Services
FEXCO Background
2,000+ people
Worldwide
Partner focused with a strong
entrepreneurial spirit
Privately owned by
Management & Staff
Profitable since inception, €209m in
Shareholder Funds
Established in 1981
FEXCO Organisation
Managed Business
Solutions & Outsourcing
FEXCO Merchant Services
FEXCO Foreign
Exchange Services
FEXCO Consumer Services
FEXCO Subsidiaries
FEXCO Merchant Services Global Product Suite
“We enable the World’s leading Merchant and Payment Institutions to shape and leverage the ever changing world of transactions.
We do this by being a trusted partner, offering secure, reliable, innovative, value for money services that utilise leading edge technology.”
FEXCO – A Global DCC Provider With a Local Presence Provided to
85,000 Merchants worldwide
omni-channel & delivered across POS, mPOS, eCommerce,
kiosk, MOTO and ATM
PCI DSS Level 1 Certified since 2006
ISAE 3402 Standards
Prices for over 974 currency
pairs updated 6 times daily
Offered in 28 countries
through 13 international
offices
Over 87 transaction currencies
Base Currencies 27
SSAE 16 Standards
Countries Serviced for DCC by FEXCO January 2014
United Kingdom
Spain United States
Canada
Puerto Rico
Belgium
Holland
Germany
Hungary
Austria
Switzerland France
Malta
Egypt
Bahrain
Dubai
Qatar
Hong Kong
Japan
Saipan
Guam
Malaysia
Australia
India
Singapore
China
Ireland
Dynamic Currency Conversion (DCC) Explained
• All cross-border transactions requires an exchange from the merchant’s local currency to the currency of the cardholder.
• The parties providing the foreign exchange process will add a percentage to the interbank exchange rate which is the FX Margin.
What is FX Margin?
Merchant’s Base Currency
£100
But interbank rates are not used in
commerce
Margined FX Rate provided by
Cardschemes, Card Issuers or FEXCO
Cardholder’s Currency
$200
Interbank rate
£1 = $2/2.00
Cardscheme or DCC margined rate (3%) £1 = $2.06/2.06
Cardholder’s Currency
$206
• DCC offers Visa and MasterCard international cardholders the choice to pay for goods or services in their home currency while the acquirer and merchant realise the foreign exchange margin normally recognised by the card schemes and issuers.
• Every Visa and MasterCard cardholder who makes a purchase in a foreign currency will experience a foreign exchange rate inclusive of a FX Margin.
DCC Explained
1. Without DCC
X No Disclosure
No Choice No Transparency
3-5% Margin
• Every Visa and MasterCard cardholder who makes a purchase in a foreign currency will experience a foreign exchange rate inclusive of a FX Margin.
DCC Explained
2. With DCC
Disclosure
Choice Transparency
FX Margin
DCC Benefits
DCC is not an additional charge or fee It merely replaces the foreign exchange process normally
applied by card schemes and card issuers
• Instant Conversion to a familiar currency • Choice • Transparency • Disclosure
• Enhanced Internationalised Customer Service • Additional Revenue Stream • Offset Merchant Service Fees
• Additional Revenue Stream • Offset Cross-Border Fees • Enhanced Acquiring Product Offering
FEXCO’s DCC is Offered to:
Multiple Verticals
Omni-Channel
mPOS
Why FEXCO?
Advancing Payment Technologies Innovating Hand in Hand with Customers
Innovative Solutions
Leading through Insight
Unique Reporting & Market Intelligence
Inform, Educate and Activate
Proactive Partnership
Understanding Your Business Understanding Your Sector
Maximising Revenue
Proactive Account Management Best in Class Products and Practises
We are committed to:
Contact Details Shane McElroy
Strategic Business Development Manager Europe
FEXCO Merchant Services
Iveragh Road
Killorglin
Co. Kerry
Ireland
E: smcelroy@fexco.com
T: +353 87 235 9991
www.fexcoms.com
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