WAY4 DCC

 
Gartner, the world leader in IT research and consulting, gave OpenWay the highest possible rating (‘strong positive’) in 2009.

Features

DCC Merchant Functions

Increases customer convenience by making multiple currencies available for acceptance
Decreases the number of merchants' manual actions by uploading the acquirer's conversion rates into the terminals
Facilitates DCC transactions by automatic foreign currency (FCU) amount computation based on the local currency (LCU)
Provides merchants with better services, such as FCU amount rounding, by offering merchant-defined override of FCU amounts

DCC Acquirer Functions

Allows cardholder billing to happen in their account currency by using clearing in foreign currencies
Encourages merchants by offering rebates and revenue sharing
Fits the needs of processors by providing cross-border acquiring and multi-acquirer processing

WAY4 DCC Key Features

Processes of international cardholder payments in cardholder currency
Offers currency selection at the terminal
Allows merchants to accept a payment in the selected currency
Processes the transaction in the currency selected by the cardholder
Converts the selected currency into the national one
Routes the transaction to the acquiring system
Delivers information to print amounts in two currencies on a cheque
Performs complete DCC reconciliation
Processes DCC clearing and settlement operations according to the payment scheme rules
Optionally distributes the currency exchange commission amongst multiple participants (acquirer, merchant and others)
Reflects the financial results in the General Ledger

 

Related links

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