Dynamic Currency Conversion

Product Overview

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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

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Currency Conversion ComparisonIS

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ACTUAL POS RECEIPT STATEMENT FEE $$$

88.66(IncludesConversion fee)

Issuer

Shares % with Merchant/Partners

1 US Dollar = 0.854199 Euro

1 US Dollar = 0.854199 Euro

88.66

Keeps Conversion Fee

Includes Conversion

Fee

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Convertible Currencies

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

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Elavon’s DCC Offering

Annual Registration Fee– 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

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DCC Value Proposition

Consumer– 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

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Qualifying Environments

Supported Retail Restaurant Mail / Telephone Order e-Commerce

Not Supported Cash Advance Direct Marketing MCC’s

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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

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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

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“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.

DCC Transaction Receipt

Signature

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VirtualMerchant e-Commerce Disclosure and “Opt In”

Merchant Statement with Rebate

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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– Buy Button for e-commerce

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Selling DCC: Uncovering Opportunities

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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

The Greatest Opportunity

Represent over 90% of international tourists

San Francisco

New York

Boston

Las Vegas

Miami

Los Angeles Honolulu Washington DC Orlando

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“Think Like a Tourist” Factor

Theme parks Hotels Tour operators Museums Art Galleries Ski resorts Golf resorts Restaurants

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Boarding Instructions

New Merchant Enrollment – Paper Application

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Enter Rebate amount to Merchant if applicable

Enter Annual Fee amount to Merchant if applicable

New Merchant Enrollment – MSP FAST - Step 1

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On the Programming Instructions Tab, check the DCC Setup and click to open the dialogue box

New Merchant Enrollment – MSP FAST - Step 2

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On the “Schedule Of Fees” tab open the “FEE” section

Select the DCC Annual Registration Fee option on the dropdown menu, input all required fields and save the fee

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Questions?