DCC requires that foreign exchange rates are downloaded on a daily basis to payments terminals and Applications. These rates need to be "guaranteed" until Visa and Mastercard settle the Acquirer. Fintrax manages and supplies these guaranteed exchange rates for and on behalf of Acquirers. A margin is added to these rates in agreement with the Acquirer.


Visa and Mastercard "settle" the Acquirer in foreign currencies corresponding to the multi-currency transactions processed. This requires the Acquirer to open a number of different currency accounts to receive the various funds from the Card Schemes.



Fintrax advise, set-up and manage these "Currency Settlement" bank accounts for Acquirers.