How Dynamic currency conversion ( DCC ) Works on POS
πππ«πβπ¬ ππ§ Oπ―ππ«π―π’ππ° π¨π Hπ¨π° πππ Wπ¨π«π€π¬ π¨π§ πππ Tππ«π¦π’π§ππ₯π¬ . This model has the bank performing the processing of DCC transactions, with no treasury management required between the DCC provider and the bank. The terminal will use a local BIN ranges to determine if the card is foreign and potentially eligible for DCC. When identified, the terminal will send a rate lookup request to the DCC provider. The DCC provider will perform a DCC eligibility check and respond with either the DCC rate information or an indication that the card is not eligible for the service. The terminal will then offer the DCC currency to the cardholder for their choice. Once the DCC choice has been made the terminal will perform authorization on the transaction. The DCC and non-DCC authorizations will be performed by the bank using their existing BIN and ICA. At the end of the day, the merchant sends a bath of approved transactions to the bank. The bank submits th...