November 1, 2012

Pivotal Payments announces multi-currency processing for e-commerce and retail merchants

MONTREAL-- Pivotal Payments, a Canadian-based payments processor, will begin offering multi-currency processing (MCP) to U.S. and Canadian ecommerce, mail/telephone order and brick and mortar businesses. The service will allow merchants to display prices and bill in over 60 currencies, while continuing to report and settle in their local currency.

Pivotal Payments' Dynamic Currency Conversion (DCC) gives international shoppers the ability to pay in their own currency when swiping their credit card at U.S. and Canadian businesses using Pivotal Payments' processing services. In addition, merchants are able to reduce their cost of processing foreign cards.

"We are very excited to be adding multi-currency processing to our robust suite of secure merchant processing solutions in North America," said Ron Fleming, Canadian Director of Corporate Sales for Pivotal Payments. "The beauty of the multi-currency processing solution lies in its simplicity. With a single merchant account, our clients can quickly enable foreign currencies such as the Euro, Pounds Sterling, Japanese Yen and many more, to truly tap into a global marketplace. Some of our key clients have already begun using the MCP solution with great success and we are now rolling it out across our entire merchant base."







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