Moneycorp has outsourced the management of its ATM estate to VocaLink.

Moneycorp’s ATM services are currently available at four UK airports and in major cities. It is partnering with VocaLink to fulfil its plans to expand rapidly.

As part of the agreement VocaLink is also providing a number of value-added services including Dynamic Currency Conversion (DCC). This enables the ATM operator to perform a currency conversion on the ATM when the currency of the cash is different from the currency of the card. The conversion converts the value of the transaction into the currency the card was issued in.

Mark Horgan, CEO at Moneycorp, comments: “With VocaLink managing our growing estate of ATMs, we benefit from a feature-rich, end-to-end ATM service which has enabled us to provide DCC and other services to our customers. As an independent ATM deployer, it also helped us to procure sponsorship services to enable international card scheme transactions across multiple currencies. As we look to grow the business over the coming years, I’m confident that VocaLink is the smarter partner to support us in this growth and innovation at the ATM.”

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