Fexco and Cashflows partner to deliver DCC Solution to ATMs in Europe

By Gloria Methri

Cashflows, the payments solution provider for merchants, has partnered with Fexco, an Ireland-based FinTech company focusing on bureau de change and payment card services.

The partnership will see Cashflows offer new and existing ATM clients the Fexco Treasury DCC solution from launch, potentially connecting to more than 20,000 ATMs across Europe.

Cashflows’ Banking Identification Number (BIN) sponsorship solution delivers full service to ATM deployers looking to enter the market or extend their proposition by accepting transactions from all card issuers.

Fexco’s DCC@ATM solution allows international cardholders to withdraw cash and pay the cost of the transaction in their own currency with full disclosure of the exchange rate and margin. This can deliver a cost-efficient customisable customer transaction suite to the membership of VISA, Mastercard, Diners, Discover, Union Pay, and JCB schemes.

Cashflows can quickly tailor these services for any ATM deployers who are either looking to enter the market or extend their proposition by accepting transactions from all card issuers.

“This partnership is a milestone for Fexco as it enables us to rapidly reach a wider market of ATM operators quickly and provides us with the opportunity to deliver our Treasury DCC proposition to as many operators as possible,” said Shane McElroy, Head of Global ATM Strategy at Fexco.

“In a rapidly changing ATM sector, we can deploy our DCC solution to over 20,000 customers, but also be a part of the offering from every new ATM deployer coming into the European market, or those seeking extend their proposition by accepting transactions from all card issuers.”

Adeel Hussain Director of ATM at Cashflows said, “The partnership between Fexco will allow us to offer both new and existing ATM clients the Fexco Treasury DCC solution from launch.”