CSFi continues to grow and enhance our solution offering through partnerships with reputable and reliable solution vendors. FEXCO is a proven solution provider for dynamic currency conversion (DCC), providing cost competitive options for financial institutions looking to increase revenues through outsourcing their transaction currency exchange. Where the transaction originates, or is acquired, at SWITCHWARE® and currency conversion is needed, CSFi can perform the currency conversion with FEXCO before sending the authorization request to the issuing institution. When the currency conversion is performed upfront, the additional fees that come with sending it international can be avoided or reduced.
If your institution receives a large volume of foreign international cards at your ATMs or POS devices, you can contact the CSFi sales team to learn how your SWITCHWARE system can be setup to perform DCC.