The service will allow merchants to display prices and bill in more than 60 currencies, while continuing to report and settle in their local currency. At the point of sale, retailers can use multi-currency processing to generate sales and customers from an international clientele such as business travelers. It allows merchants to expand their business to reach a global marketplace.
Pivotal Payments Dynamic Currency Conversion (DCC) enables international to pay in their own currency when swiping their credit card at US and Canadian businesses using Pivotal Payments processing services.
Online marketing research website EMarketer predicts that by 2013, 34 percent of all business to consumer e-commerce sales will come from Asia-Pacific. In addition, the European Multi-channel and Online Trade Association has recently reported that European online B2C sales have registered a 19 percent growth in 2011 to reach an estimated USD 307 billion, surpassing North America at USD 297 billion.
Pivotal Payments provides merchant services, including credit and debit card processing, electronic cheque conversion, merchant cash-advance programs, loyalty/gift card programs and terminal management services.
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