multi-currency

The press of a button enables cardholders to switch between currencies to pay in multiple countries with a single card and single account.
The card visually indicates the selected currency as the associated magnetic-stripe information is written to the Electronic Stripe^®, EMV, and contactless interfaces.
Customize the card with displays and more buttons to add features that suit your business needs.

overview
benefits
specs

MULTICURRENCY CARD FILLS A NEED IN THE GLOBAL MARKET

Issuers incur several costs associated with foreign transactions:

Routing transactions across borders.
Accessing FX markets or pay a broker/dealer to cross the bid/ask spread.
Warehousing the FX risk for the period between transaction posting until batching, netting, and clearing FX position.
Incremental fraud liability associated with travel.

To avoid these costs, issuers often open multiple accounts in various foreign currencies — either using pre-paid debit cards or multiple DDA debit cards. Both methods have significant drawbacks to issuer and consumer.

Pre-Paid Card Drawbacks

Percentage fee associated with reloading
One-time fee for card
Non-interest bearing account
Not a DDA for issuer – limited cross sell

Multiple DDA Debit Card Drawbacks

Must ship multiple cards internationally
Multiple cards lead to higher lost/stolen and fraud rates
Hard for customer to manage, inconvenient

Multi-Currency Card provides streamlined way for the international traveler to carry a single card across borders without exposure to exorbitant fees, undue risk, confusion, and inconvenience.

CARDHOLDER BENEFITS

Simplifies the wallet, allowing a cardholder to have multiple currencies on a single card.
Reduces expensive cross-border or non-native currency accounts.

ISSUER BENEFITS

Generates new accounts — the card has strong appeal with customers who value convenience and simplicity.
Enhances profitability by reducing expenses associated with foreign transactions, and by increasing the number of card activations and utilization of cards in market.
Combining multiple functions in one product reduces the number of cards produced and distributed, as well as lowers the incidence of fraud due to lost or stolen cards.

core benefits as viewed by consumers

multi-currency card benefits

financial benefit of the multi-currency card

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production cost reduction

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delivery cost reduction

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fraud reduction

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lost/stolen management

>$200 card life benefit

Dimensions	Meets all standards (ISO/IEC1713)
Durability	Meets all standards (ISO/IEC1713)
Flexibility	Meets all standards (ISO/IEC1713)
Battery Life	Over 4-year battery life without recharge
Electronic Stripe^® technology	Writes to both tracks of magnetic stripe. Proprietary printing techniques enable wear resistance and enhanced durability.
Optional Features	EMV, contactless, in-stripe dynamic security codes (dynamic CVV1s) and on-line dynamic security codes (dynamic CVV2s)
Personalization	Uses standard equipment
Printing	Uses standard equipment