Wednesday, July 16th 2014: FEXCO, the leading independent global provider of Dynamic Currency Conversion and Multi Currency Pricing services, along with First Data, the global leader in payment technology and services solutions, has today announced the extension of its highly successful 12-year partnership into the online and high-street gambling sector, through First Data’s PayLucky™ Solutions suite.
First Data recently launched PayLucky Solutions to offer an innovative package of comprehensive payment services, all in one place and from one source, for legalized online and offline gambling and gaming.
FEXCO and First Data currently offer Dynamic Currency Conversion (DCC) and Multi Currency Pricing (MCP) services to the world’s leading acquirers and merchants in the airline, hotel, hospitality and retail sectors. Today’s announcement of a move into the legalized gambling sector extends this successful partnership into a market which produced Gross Gaming Revenue (GGR) of US$37 billion in 2012.
Managing Director of FEXCO’s DCC division, Denis Cleary, said of today’s announcement; “FEXCO and First Data have had a very successful partnership over the last 12 years, having led the way in bringing DCC and MCP services to some of the world’s leading hotels, airlines and retailers. It as a natural progression that we extend this partnership into the online and high-street gambling sector, as it is particularly suitable to the DCC service”.
“Legalized gambling in the U.S. – in particular the emerging online providers – attracts customers from all over the world. By expanding DCC into this sector, cardholders can rest assured that they know the exact value they are spending in their own currency every step of the way. We already have extensive experience in this industry through partnerships with leading casino operators and online gaming/gambling customers worldwide. We are delighted to bring this experience to support our partner First Data under its PayLucky brand as we explore this new opportunity in the U.S.”
“PayLucky represents the fusion of existing key partnership products to drive value for new and existing clients in the vertical,” said Jonathan O’Connor, general manager, Online Gambling and Alternative Markets, First Data. “With FEXCO we will look to drive the acceptance of DCC at every client touch point from land-based casino to tribal casinos to online operations. This will give clients the ability to provide easy payment options in domestic or home country currency.”
About First Data
Around the world, every second of every day, First Data makes payment transactions secure, fast and easy for merchants, financial institutions and their customers. First Data leverages its vast product portfolio and expertise to drive client revenue and profitability. Whether the choice of payment is by debit or credit card, gift card, check or mobile phone, online or at the checkout counter, First Data takes every opportunity to go beyond the transaction. More information about the company is available on FirstData.com as well as on Twitter, LinkedIn, Facebook and YouTube.
FEXCO is Ireland’s most successful multinational financial and business solutions provider, with operations in 28 countries worldwide. Founded and headquartered in Ireland in 1981, FEXCO employs more than 2,000 people across Europe, the Middle East, Asia, North America, Latin America and Australasia.
FEXCO serves some of the world’s biggest brands across multiple industries through a wide range of innovative products and services, including Dynamic Currency Conversion, Commercial and Retail FX, Managed Business Solutions and Tax Free Retail Services.
For thirty three years, FEXCO has been driven by an entrepreneurial and innovative spirit. This ethos has brought the company to new regions and industries of growth, connecting customers with exciting new opportunities. Through its commitment to integrity and innovation, the company has built an international network of partners and customers.