Korean Exchange Bank Selects Pure Commerce's Multi-currency Payment System
Korean Exchange Bank (KEB) has selected Pure Commerce to provide a multi-currency payment solution to help the bank offer improved foreign exchange (FX) services to its business banking customers.
Pure Commerce’s fxCHOICE dynamic currency conversion (DCC) service will enable KEB’s merchants to convert credit card payments made by foreign visitors from Korean won to their home currency at the check out. This will help KEB’s business banking customers improve customer service by reducing currency confusion often faced by foreign visitors when making a payment.
fxCHOICE will also provide a new revenue stream for KEB’s business customers, enabling them to earn FX commissions on every international transaction converted. It offers DCC on up to 135 currencies, providing KEB’s merchants with a greater opportunity for conversion and increased FX profits.