Dynamic Currency Service (DCS)

The Dynamic Currency Service (DCS) is a key solution in delivering POS currency conversion in both card present & card not present environments.

Our in-house developed Dynamic Conversion Service (DCS) enables and supports acquirers and their merchant portfolio to deliver seamless, revenue enhancing DCC for POS, eCommerce and ATM.

Our technology uses fundamental Microsoft.NET Technologies, including ASP.Net web services, XML technologies and Windows Communication Foundation (WCF).

Applications are written in Microsoft C#.NET and developed to support distributed and N-Tiered architecture.

DCS supports a selection of significantly flexible client connection options to complement your system requirements. Options include:

  • Web Services across a VPN
  • TCP/IP across a VPN
  • Web Services via HTTPS

These mechanisms provide significant flexibility in defining the business solution. We advise on the connection mechanism to complement your solution requirements.

The DCS supports a vast array of message formats and can be readily adapted to accept these formats including ISO-8583 messaging and strongly typed WSDL messaging.

The ISO-8583 messaging is used by many banking and financial institutions for interaction between third parties.

Web messages are commonly used where the third party “owns” the client software and can control the messaging. Normally, web messaging can be implemented more quickly.

Contact us today to learn how our DCC Technology solutions can work for your business.

 

Dynamic Currency Service

Revenue+

Revenue+ is Monex’ core back office application reporting the applied rates of DCC on card transactions and supporting treasury management by providing access to internal and external reporting.

Incorporating a secure central data repository, this fully auditable financial services application with complex configuration capacity is built using an extensible framework.

The application was developed to support distributed and N-Tiered architecture. Revenue+ built using key Microsoft .NET Technologies with extensive use of XML technologies.

A core element of the Revenue+ structure offers supports treasury management- cash control, reconciliation, merchant fund dealing and Management Information System (MIS) report viewing.

Security

Information Security Policy

Monex is critically dependent on information systems. Accurate, timely, relevant, protected information is essential to Monex and our clients. We are committed to ensuring that customer data use, access and processing is performed in a secure manner. We structure our policies and procedures to ensure we provide a dependable and secure payment system and service.

Our reputation relies on our diligent security policy and how we identify and prevent any compromise of information security, applications, network and computer systems. The Monex Board of Directors have approved the Information Security Policy and supporting technical policies.

Compliance

Security Compliance – PCI DSS

PCI DSS is the Payment Card Industry Data Security Standard. It was developed by the credit card companies to offer guidelines for card payment processing companies regarding the prevention of credit card fraud, hacking, security vulnerabilities and threats. Companies processing, storing, or transmitting payment card data must be PCI DSS compliant.

Monex was the first Dynamic Currency Conversion service provider to achieve PCI DSS certification in Europe and all Monex sites that currently process credit card data are PCI DSS certified.

The Product solutions we offer incorporate a data security strategy and are assessed in accordance with PCI DSS guidelines. Monex has worked closely with Trustwave a PCI DSS assessor for many years. Trustwave audit Monex on a yearly basis to ensure we meet all security requirements.

The current PCI DSS compliance certificate for Monex Financial Services can be viewed here.

 

Tokenization, Encryption & Secure Card Storage

Tokenization and encryption are essential elements in today’s payment ecosystem to assist acquirers and merchants avoid vulnerable data elements of the payment sequence while ensuring a streamline service with the customer interface. ECommerce customers also benefit from a faster, protected payment process for repeat transactions.

Secure Card Storage
Monex conduct over 470 million secure transactions each year. Clients can avail of our state-of-the-art outsourced PCI solutions. Save time and money on expensive security options in the knowledge that Monex robust, secure solutions offer protect your valuable customer information.

 

Merchant Information System Reporting (MIS)

Monex created Revenue+ as the core back office application to support acquirers and merchants delivering full visibility of DCC processed transaction reporting. Revenue+ is a secure central repository for customer data and an auditable financial services application. Monex provides three Revenue+ easy access merchant portals:

  • MIS – Merchant Information System
  • IMC – Inventory Management Console
  • Online merchant dashboard

1. The MIS portal supports treasury and fund management and provides access to internal and external reporting via a web link and customer login. With complete transaction trail transparency, sales channels and locations are consolidated into one easy to use application. Portals can be white labelled and the access permissions are set by the acquirer.

2. The IMC is the console where acquirer’s select reporting configuration options for their merchant portfolio. Reports can be customized to include specific fields and information set by the merchant.

3. The online merchant dashboard. offers detailed reporting via internet access. Merchants may view their solo account or an associated store/location portfolio.

Reports can be viewed onscreen for Excel download or supplied by email or fax.

All transactions processed through the merchant are securely stored in the online console.

Reporting detail options include:

  • Card ID Reports
  • Terminal Summary Reports
  • Company Summary Reports
  • Outlet Summary Reports
  • Supported Currency Reports
  • Transaction Summary Reports