News

Worldpay, Planet Payment partner to launch DCC at ATMs

February 28, 2017

Planet Payment Inc., a provider of international transaction services, and Worldpay US, a provider of payments processing technology, are partnering to launch Planet Payment Dynamic Currency Conversion at 70,000 ATMs in the U.S.

Dynamic Currency Conversion allows international travelers to the U.S. to withdraw local currency from a Worldpay ATM while seeing the amount debited from their account in their own currency.

This means that the cardholder can better understand the conversion to their home currency of the dollar amount dispensed at the ATM, according to a press release.

"We are pleased to bring DCC convenience to our ATM customers," said Mike Cowart, Worldpay US vice president and general manager for ATM and MSP ISO, in the release. "DCC at ATMs can help combat declining interchange and offers a valuable service to our international customers."

The release cited U.S. Department of Commerce figures indicating that international travel to the U.S. is expected to grow 2.4 percent to a record-breaking 78.6 million visitors in 2017, and to 94.1 million in 2021.

"We believe DCC at ATMs is a great customer-facing solution … providing personalized payment options to travelers withdrawing money in the U.S.," Melissa Jones, Planet Payment senior vice president of North America Sales and acquirer relations, said in the release. "[We] look forward to working with Worldpay to expand the reach of this solution."

The partners expect to have DCC enabled at Worldpay ATMs within the next month, the release said.