Fexco’s Dynamic Currency Conversion (DCC) solution is now available to acquirers and merchants globally via the Visa Acceptance Platform. This collaboration between Fexco, an Irish payments company, and Visa marks a significant step in distributing DCC across international payment networks.
DCC Accessibility Through Visa Acceptance Platform
Fexco’s currency conversion technology is now integrated with Visa’s cross-border capabilities and its Cybersource payment gateway. This integration allows cardholders to see the transaction amount in their home currency at the point of sale or during online checkout, enhancing transparency in foreign currency transactions.
The technical model supports over 200 acquirers connected to the Visa Acceptance Platform, simplifying DCC activation with minimal integration complexity. By using a single platform connection, acquirers can avoid building or negotiating separate DCC arrangements, facilitating easier deployment for both physical and online stores.
According to Sean Crowe, CEO of Fexco Financial Services, this arrangement combines Fexco’s expertise in DCC with Visa’s global acceptance infrastructure. He views it as a strategic move to offer clear currency choices to international customers while supporting transaction growth.
In Andre Machicao, Senior Vice President of Visa Acceptance Solutions’ words, the continued expansion of cross-border commerce and growing consumer demand for predictable payment experiences across different currencies support the integration. This partnership simplifies access to DCC for acquirers and merchants, aligning with market trends towards consolidating value-added services within established platforms.
Implications for Acquirers and the Broader Ecosystem
The collaboration highlights a trend in payments toward integrating additional services into existing platform environments rather than mandating separate integrations. For acquirers already operating within the Visa Acceptance Platform, this means they can easily activate DCC without significant infrastructure investments, thereby broadening their service offerings to merchants.
For merchants, this integration offers a seamless currency conversion option at checkout that caters more directly to international customers. Cardholders benefit from making informed decisions at the point of payment, reducing confusion and potential disputes related to foreign transactions.
The combination of Fexco’s DCC technology with Visa’s platforms underscores the ongoing importance of gateway-level services in delivering large-scale cross-border payment capabilities.
