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Follow on Google News |  Planned Launch of Monex DCC Solution across YourCash ATM NetworkBy: Monex Financial Services Ltd Monex Financial Services is pleased to announce a new contract with YourCash Ltd. to provide the Monex Dynamic Currency Conversion (DCC) solution across the YourCash ATM network in the UK and Continental Europe. UK based Independent ATM Deployer YourCash Ltd currently operates c.6,000 ATMs throughout the UK and Europe, with plans to further increase the estate in high-profile positions with a growth strategy focused on tourist centres and prime high-street locations. Monex Dynamic Currency Conversion (DCC) is a specialist solution, which allows card transactions to be processed in the cardholder's home currency. The cardholder is given the option to transact in the currency of their card or in the currency of the country in which they are making the cash withdrawal/purchase. On acceptance of the DCC service by the cardholder, the transaction remains in the currency of the card throughout the processing and settlement stages. The cardholder clearly knows the exact transaction amount which will appear on their monthly statement. Greg Kane, Commercial Director with Monex comments “YourCash is an exciting new client for Monex and we’ve developed a close working relationship with the executive team. Both companies have a hard-working and flexible approach to business. We will lead and excell in all of the markets where we collaborate. Monex innovative services are cost effective and dedicated to our Clients requirements. YourCash provides simple, secure, convenient and financially competitive services to its clients. Together, we will deliver clarity and transparency to cardholders at ATM, while enhancing revenue for YourCash. There are exciting days ahead” Jenny Campbell, CEO of YourCash comments “We’ The countdown is on for the primary DCC launch on YourCash UK and Ireland ATM estates with roll-out across the European network to shortly follow. About YourCash Ltd YourCash Ltd is a payment technology company offering ATM and cash management solutions to retail and corporate clients in the UK and Europe. They currently deploy c.6000 ATMs throughout the UK, Netherlands and Belgium and in 2012, the business handled c.73 million ATM transactions, equating to £2 billion cash dispensed through the UK estate and €1.2 billion in Europe. YourCash ATMs are deployed throughout Europe, in a variety of locations including convenience stores, supermarkets, universities, casinos, hospitals, post offices, leisure outlets and petrol forecourts. YourCash has plans to expand their international proposition across Europe including the introduction of high speed ATM terminals, wireless technology, and ATM innovation and branding licences, offering business partners and customers a unique ATM service proposition. About Monex Monex Financial Services is the leading privately owned global provider of specialist Dynamic Currency Conversion (DCC) solutions and customised Treasury Management services to Banks, Processors, POS and eCommerce Merchants, Independent ATM Operators, VAT Refund and Credit Card Payment companies, worldwide. Monex’ Press & Media Contact: Monex Financial Services - Mai De Barra, Marketing Manager, mdebarra@Monexfs.com More Information: YourCash Ltd. - Nicky Fletcher, Press Officer, media@yourcash.com More information: End
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