Fexco, a global leader in payment solutions, has announced that its Dynamic Currency Conversion (DCC) is now available to acquirers and merchants worldwide through the Visa AcceptancePlatform.
Through this collaboration, acquirers connected to the Visa Acceptance Platform can now enable DCC using Fexco’s proven technology and Visa’s in house cross-border solutions. DCC allows cardholders to see the transaction amount in their home currency at point of sale and online checkout, helping them better understand the cost of their purchase before transaction is completed.
The integration is designed for scale and efficiency, supporting more than 200 acquirers globally by integrating Fexco’s DCC solution, the Visa Acceptance Platform and Visa’s CyberSource payment gateway. It enables acquirers to add DCC with minimal complexity, while creating opportunities to support international spend and enhance the payment experience for international customers. For cardholders, the solution provides greater clarity and choice when paying abroad or online.
Sean Crowe, CEO of Fexco Financial Services, commented:
“This partnership with Visa marks a significant milestone for Fexco and the payments industry. By combining Fexco’s expertise in DCC with Visa’s global acceptance infrastructure, we are delivering a first-of-its-kind integration that empowers acquirers and merchants to offer enhanced customer experiences while driving growth.”
Andre Machicao, Senior Vice President, Visa Acceptance Solutions added:
“Cross-border commerce continues to grow, and consumers increasingly expect clear and predictable payment experiences wherever they choose to pay. By combining Fexco’s expertise and Visa’s world?class FX and treasury capabilities across multiple markets and currencies, we are extending Dynamic Currency Conversion across the Visa Acceptance Platform, giving acquirers and merchants a straightforward way to meet these expectations while supporting global commerce.”
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