Ingenico GmbH

Ingenico announces new partnership deal with MONEX

Ingenico, leading worldwide provider of payment solutions announces a new partnership with MONEX that will provide Dynamic Currency Conversion services for its customers throughout the UK and Ireland.

Using Ingenico’s Axis platform, MONEX specialist Dynamic Currency Conversion (DCC) solution will allow merchant clients to yield lucrative additional revenue, whilst benefiting International customers to expand currency payment options. MONEX DCC will enable Ingenico’s client base to conveniently and transparently pay in the home currency of their credit card. MONEX DCC is an increasingly popular add-on customer service available to Acquirers, Merchants, eCommerce and ATMs worldwide.

The synergy between Ingenico and MONEX means that travellers and consumers will no longer have to worry about calculating currency conversions as each receipt shows the amount in the merchant’s local currency and in the cardholder’s home currency. This makes it easier for travellers to reconcile purchases when paying card balances, greatly enhancing the in store and online experience.

The Axis platform, operated as a managed service, significantly optimizes costs by centralizing transactions, simplifying installations, maintenance and international updates, in addition to the guaranteed availability of the entire system.

Ingenico’s Axis platform manages payment transactions from the point of sale to the transaction acquirer. The platform supports all types of payment (in store, mobile, self‐service terminal, telephone or on‐line payments) and all payment means (credit card, debit card, loyalty card), in addition to all value added services such as gift cards, prepaid cards, loyalty programs, electronic purses or now MONEX DCC. EMV and PCI DSS certified, it complies with security requirements and even goes beyond the scope of the regulations by providing its customers with modules intended to protect them against internal fraud, the theft of sensitive data and system breakdowns.

Cillian Wright, Sales and Marketing Director, Ingenico Northern Europe, commented: “Ingenico is delighted to be partnering with MONEX to provide DCC services to our Axis clients. This partnership with Monex reflects Ingenico’s strategy for developing new revenue generating products at the point of sale that support our partners and customers.”

“We’re excited about the Ingenico alliance and the benefits it presents in the global market” said Jo Noonan, MONEX’ Director of Business Development. “MONEX and Ingenico are industry leaders in our respective fields; this collaborative partnership creates a substantial opportunity to meet the expectations of mutual clients providing a powerful integrated offering and delivering a value added service to merchants for international customers. As a DCC pioneer, we continuously work on new ways to offer our solution to merchants and partners of all sizes.”