News Archives


September 2011

Learn about Opportunities for Financial Institutions to Offer P2P Solutions to Consumers Around the World
September 29, 2011.
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Customers Learn, Grow and Share at Euronet's ESCAPE 2011 Conference
September 29, 2011.
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Cayman National Bank Signs Dynamic Currency Conversion Agreement with Euronet
September 02, 2011

Bank Can Now Offer International Travelers the Choice, Convenience and Transparency of DCC at ATM and POS Touch Points 

Little Rock, Arkansas, and George Town, Cayman Islands (September 2, 2011) Euronet Software Solutions, a division of leading electronic payments provider Euronet Worldwide, Inc. (NASDAQ:EEFT), and Cayman National Bank Ltd (CNB), a subsidiary of Cayman National Corporation Ltd. (CSX:CNC) KY, today announced that CNB has signed an agreement to implement Euronet's Dynamic Currency Conversion (DCC) Solution. 

By providing traveling consumers with the choice of completing transactions and withdrawing cash in the local currency or in their home currency, DCC makes conducting transactions abroad much easier and less intimidating. With DCC, consumers are immediately able to view the detailed costs of their transactions instead of having to wait for their monthly account statements. This allows for more accurate budgeting and easier account balancing with no surprises due to unknown fees. 

"Euronet is a significant strategic partner and we look forward to expanding our relationship with them," said Ormond Williams, President/CEO of Cayman National Bank. "We are excited about the opportunity to offer currency conversion services to international travelers in the Cayman Islands. This solution will provide these consumers with many benefits including allowing them to know exactly how much their account will be charged when making purchases or withdrawing cash." 

"We have enjoyed a solid and long-standing partnership with Cayman National Bank for 12 years, and we are pleased to provide the bank with a DCC solution," said Cindy Ashcraft, Managing Director for Euronet Software Solutions. "This solution will help the bank to provide expanded service offerings at their ATMs and POS touch points while also earning new revenue from foreign transactions. We look forward to working closely with Cayman National Bank to offer the choice, transparency and convenience of DCC to Cayman Island travelers." 

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