<New option, separately licensed>
<Configuration requires a separate service agreement>
Now Way4 can convert currencies using stock exchange FX rates.
This helps issuers increase the FX revenue, since the favorable near real-time rates attract those who deposit money in foreign currencies or frequently travel abroad. For example, you can offer this service to cardholders who use multi-currency cards. Read more about use cases for multi-currency cards on Way4 here.
As for acquirers, they can offer multi-currency services based on stock exchange FX rates (such as DCC and MCP) to their merchants.
Way4 can load stock exchange rates from any external system and apply them to currency operations immediately. The data is loaded in standard Way4 format or in a customized format. The system can automatically add a markup to each rate to ensure a profit for the bank.
The number of currencies is unlimited. The loading frequency is configurable, and it can be set to “near real-time”.
