Fexco and Euro Automatic Cash Deliver DCC Across 1,400+ ATMs in Spain

Fexco, a global leader in innovative fintech solutions, and Euro Automatic Cash (EAC), one of Spain’s largest ATM management companies, have successfully rolled out Fexco’s Dynamic Currency Conversion (DCC) services across more than 1,400 ATMs throughout Spain. This major initiative went live in Q2 2024 and is set to enhance the user experience for thousands of international visitors.

The deployment of DCC services means that travellers can withdraw cash while paying for the withdrawal in their home currency at the time of the transaction and benefiting from transparent exchange rates. This service is expected to handle over 2,100 transactions daily, providing a seamless experience for customers. This announcement adds EAC as the latest customer of Fexco who currently provides DCC services to over 70,000 ATMs across Europe, the Middle East, and the Americas.

Euro Automatic Cash is a prominent ATM management company in Spain, specialising in the deployment, operation, and maintenance of automated teller machines, and is jointly owned by Santander and Euro Information-Credit Mutuel, one of France’s largest banking groups.

Fexco and Euro Automatic Cash Deliver DCC Across 1,400+ ATMs in Spain

• Fexco and Euro Automatic Cash deploy DCC services at over 1,400 ATMs throughout Spain.
• Announcement aims to enhance the experience for millions of international visitors and residents by providing seamless currency conversion options.
• Euro Automatic Cash solidifies its position as one of Spain’s largest ATM management companies and is expected to handle over 2,100 transactions daily
• Fexco already provides DCC services to over 70,000 ATMs across Europe, the Middle East, and the Americas.

EAC reaffirms its commitment to customer service and technological innovation through this partnership. By integrating Fexco’s DCC technology, EAC ensures that its extensive ATM network remains at the forefront of user convenience and satisfaction. Euro Automatic Cash operates a vast network of ATMs across Spain, providing convenient access to cash and banking services for both residents and visitors.

“Our collaboration with EAC underscores our dedication to delivering innovative solutions that simplify financial transactions for users worldwide. The successful implementation of DCC across these ATMs not only enhances the user experience but also demonstrates the strength of our technology and partnership,” said Álvaro Díez, General Manager of New Growth, Fexco.

“Partnering with Fexco allows us to offer an enhanced service that meets the needs of our diverse customer base. By enabling Fexco’s DCC at our ATMS, we are improving accessibility and convenience for international customers, solidifying our position as a key player in ATM management in Spain,” stated Juan José Alvarez, Business Development Director, EAC.

About Fexco 

Recognized as one of the world’s original and most established fintech players, Fexco employs 2,800 people across its suite of companies headquartered in Killorglin, Co. Kerry located in the South West of Ireland. Founded in 1981, Fexco now has operations in 50 countries across Europe, the Middle East, Asia-Pacific, North America, and Latin America. 

Fexco serves some of the world’s biggest brands across multiple industries in the Payments sector, through a wide range of innovative products and services including Dynamic Currency Conversion (DCC), Multi Currency Pricing (MCP), International Payments, Retail FX, and OpenConnect; in Business Services through bespoke Managed and Advisory Services and in New Ventures, developing products and services for its core businesses and new ventures.  

Since its inception, 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 partnership and innovation, the company has built an international network of customers. To find out more visit www.fexco.com

About Euro Automatic Cash

Euro Automatic Cash is a prominent ATM management company in Spain, specialising in the deployment, operation, and maintenance of automated teller machines. The company is a joint venture between two major financial institutions: Banco Santander and Euro Information, a subsidiary of Crédit Mutuel Alliance Fédérale, one of France’s largest banking groups.

Euro Automatic Cash operates a vast network of ATMs across Spain, providing convenient access to cash and banking services for both residents and visitors. The company is committed to leveraging advanced technology to enhance user experience and ensure the highest levels of security and efficiency in their operations. Their services include not only cash withdrawals but also balance inquiries, mobile phone top-ups, and other essential banking functions.