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

1. FEXCO Merchant Services

2. Introducing FEXCO Merchant Services

3. 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

4. FEXCO Organisation
Managed Business Solutions & Outsourcing
FEXCO Merchant Services
FEXCO
Foreign Exchange Services
FEXCO Consumer Services
FEXCO
Subsidiaries

5. 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.”

6. 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

7. 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

8. Dynamic Currency Conversion (DCC) Explained

9. •
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

10. •
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

11. •
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

12. 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

13. FEXCO’s DCC is Offered to:
Multiple Verticals
Omni-Channel
mPOS

14. 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:

15. 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