Elavon’s network has the ability to authorise in 89 currencies, settle in 16, and convert up to 48 currencies for DCC. The number of currencies supported for DCC varies slightly by country and point-of-sale solution.
Elavon’s DCC solution delivers a smooth conversion process for merchants and card holders. As a single source provider, Elavon manages the entire conversion process – from direct treasury exchange rates and transaction processing, to back-end reconciliation, settlement and funding. Additionally, Elavon has launched DCC in Germany, where the processor can currently convert 27 currencies, providing its merchants the ability to generate a new revenue stream by sharing in the conversion fees.
Stuart C. Harvey, Jr., CEO, said: “When combined with our flexible and secure processing solutions, merchants have the ability to realise financial efficiencies and improve their bottom line, a welcome benefit in this economy.”
