Tenerum Certifies for DCC on First Data

Tenerum Payment Systems has been approved as a payment gateway for Dynamic Currency Conversion (DCC) on First Data, a global leader in commerce-enabling technology and solutions. The Tenerum DCC product is a secure and compliant credit card processing solution that provides businesses the ability to offer their international customers the choice to pay in their own currency. With DCC, businesses can accept foreign MasterCard and Visa cards at the point of sale in traditional face-to-face transactions, as well as card-not-present (CNP) environments. Customers enjoy the added convenience of paying in the card currency of their choice. In turn, businesses earn additional revenue from conversion fees, all the while providing a higher level of service to their international customers.

Benefits your Business

  • Earn additional revenue generated by conversion fees, growing as international cardholder volume increases
  • Eliminate exposure to foreign-exchange-rate risk
  • Reduce your total cost of acceptance
  • Offset existing association fees directly associated with accepting international credit cards (i.e. Visa® ISA, MasterCard® ASF and cross-border fees)
  • Increase customer satisfaction and loyalty
  • Attract new customers and win business over competitors

Benefits to the Customer

  • Make payments in the currency of their choice without hidden charges or fees
  • See complete transaction details, matching cardholder statement, with dual currencies printed on the receipt
  • Purchase with full disclosure of the exchange rate being applied to the transaction
  • Receive up-to-date rates of exchange based on wholesale Reuter’s rate
  • Make educated and informed purchases