AJB Software Design partners First Data for Dynamic Currency Conversion

An important value-added service

AJB Software Design, an integrated payment solution provider, is teaming up with First Data to enable its retailers worldwide to process international payments with First Data’s Dynamic Currency Conversion (DCC) service (view press release). DCC is a currency and payment service that enables merchants to offer cardholders the option to make international purchases in their local currency. In this way, tourists and travelling business people get full transparency into the exact value of the transaction at the point of sale. AJB’s payment processing solutions include Flexible Integrated Payment System (FIPay) and Retail Transaction Switch (RTS). FIPay provides the system component for integrating the PIN pad device into First Data’s DCC solution whilst RTS provides real time authorisation to First Data for DCC transactions.

DCC provides an important value-added service and ancillary revenue stream for merchant service providers with strong presence in tourist and corporate travel destinations,” said senior analyst at Mercator Advisory Group, David Fish. “It can also provide an attractive revenue stream for merchants that serve tourists, potentially offsetting a portion of their overall expense of managing the point of sale and payment process.”

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