1. Dynamic Currency Conversion
Product Overview

2. Dynamic Currency Conversion
Allows U.S. merchants to offer international Visa and MasterCard cardholders the option to pay in their home currency
Conversion is done at a competitive exchange rate at the POS
Receipt reflects:
Sale amount in USD
Conversion rate
Conversion mark up rate and percent
Home currency equivalent
Cardholder’s credit card is billed in exactly the amount that appears on the receipt
Without DCC when a transaction is processed the issuing bank receives the profit from the currency exchange
With DCC the merchant shares in the profit from the currency exchange

3. Currency Conversion Comparison
ACTUAL POS RECEIPT STATEMENT FEE $$$
Issuer
1 US Dollar = Euro
ISSUER CONVERSION
88.66
(Includes
Conversion fee)
Keeps Conversion Fee
ELAVON DCC
1 US Dollar = Euro
Includes
Conversion
Fee
88.66
Shares % with Merchant/Partners

4. Convertible Currencies
Five Currencies covering over 20 countries
Australian dollar (AUD)
British pound (GBP)
Canadian dollar (CAD)
Euro (EUR)
Japanese yen (JPY)

5. Elavon’s DCC Offering Annual Registration Fee Merchant Rebate Option
DCC Annual Registration Fee Buy Rate
No monthly fees
No transaction fees
Merchant Rebate Option
Rebate for every qualified foreign transaction
Rebate reflected on monthly statement
Only end-to-end closed-loop network offering in the U.S.
From direct treasury exchange rates to front-end authorization and data capture to back-end reconcilement, settlement, and funding
Process is seamless to merchants - one statement, one point of contact
Need to know if we put any info on the msp buy rate of $20

6. DCC Value Proposition Consumer Merchants
Instant conversion to prices they can easily understand
Very competitive exchange rates
No shocks when credit card bill is received
know exactly how much was spent in home currency
Merchants
New source of revenue
Elavon will rebate a percentage of the foreign exchange conversion back to the merchant
Fewer Chargebacks – since the Cardholder is not disputing an amount that they don’t recognize

7. Qualifying Environments
Supported
Retail
Restaurant
Mail / Telephone Order
e-Commerce
Not Supported
Cash Advance
Direct Marketing MCC’s

8. Prohibited MCC’s for DCC
5960 Direct Marketing - Insurance Services
5962 Direct Marketing - Travel
5963 Door-To-Door Sales
5964 Direct Marketing - Catalog Merchant
5965 Direct Marketing - Combination Catalog and Retail Merchant
5966 Direct Marketing - Outbound Tele
5967 Direct Marketing - Inbound Tele
5968 Direct Marketing - Subscription
5969 Direct Marketing - Other

9. DCC Requirements
Merchant must Auth and Settle same day – no delayed delivery
Merchant must disclose the following either via receipt, online or verbally
The USD amount
Conversion rate
Home currency amount
Mark-up amount and conversion fee percentage
“OPT IN” approval required – Cardholder must agree to conversion
Customer must check “I accept” box

10. DCC Transaction Receipt
“I accept” Check box
Amount in Cardholder’s Currency
Amount in Merchant’s Currency
Mark-up or Conversion Fee
Exchange Rate
Customer check the “I accept” box and sign the receipt, indicating that they want the transaction converted to their home currency.
Signature

11. VirtualMerchant e-Commerce Disclosure and “Opt In”

12. Merchant Statement with Rebate

13. DCC Point-of-Sale Products
VeriFone – Omni & Vx
Omni 3730LE & 3750
Vx510LE, 510, 570 & 610
Hypercom - Optimum
T4100, T4205, T4210, T4220, T4230 & M4230
VirtualMerchant
Virtual terminal
Buy Button for e-commerce
InternetSecure

14. Selling DCC: Uncovering Opportunities

15. Top Opportunity Merchant Types
Membership Organizations
Educational Institutions (colleges, universities, trade schools)
Lodging
Travel and Tour operators
Retail
Automotive Parts & Accessories
Retail Specialty Stores not elsewhere classified
Sporting Goods Stores
Jewelry Stores
Electronic Stores
Furniture Stores
Medical & Health Services

16. The Greatest Opportunity
New York
Las Vegas
San Francisco
Boston
Miami
Los Angeles
Honolulu
Washington DC
Orlando
Represent over 90% of international tourists

17. “Think Like a Tourist” Factor
Theme parks
Hotels
Tour operators
Museums
Art Galleries
Ski resorts
Golf resorts
Restaurants

18. Boarding Instructions

19. New Merchant Enrollment – Paper Application
This slide will need to be re-done when the updated PDF is completed
Enter Rebate amount to Merchant if applicable
Enter Annual Fee amount to Merchant if applicable

20. New Merchant Enrollment – MSP FAST - Step 1
On the Programming Instructions Tab, check the DCC Setup and click to open the dialogue box

21. New Merchant Enrollment – MSP FAST - Step 2
Select the DCC Annual Registration Fee option on the dropdown menu, input all required fields and save the fee
On the “Schedule Of Fees” tab open the “FEE” section

22. Questions?