Travelex has renewed its contract with Wincor Nixdorf, a retail and banking IT solutions provider, to provide payment processing services for its ATMs for another seven years.
Wincor Nixdorf will provide payment processing for ATMs in the Asia Pacific and North America in addition to its continued service for ATMs across Europe.
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The agreement will probe Wincor Nixdorf and Travelex to promote Direct Currency Conversion (DCC) services that allows ATM users to convert the transaction into their home currency at the exchange rate offered by Travelex during cash withdrawal.
Dan Gilby, head of ATMs at Travelex said: "As we grow our business, we need to work with partners that can support our ambitions and ensure continued success and are confident that Wincor Nixdorf was the right choice to help us develop and expand our ATM payment processing capabilities.
"Since we started working together in 2010, Wincor Nixdorf has continued to deliver on its promises and provides an excellent processing and switching service so I am delighted that we have managed to agree to a seven year contract extension that will support our business expansion and enable us to consolidate our global ATM networks."
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