What is
eXgine?
eXgine is a currency system designed and developed purely for the E-commerce payment industry. The product enables merchants, acquirers and processors to hedge foreign exchange positions and overcome unwanted currency exposures, weekend trading and complicated processing fees.
eXgine uses its knowledge of card processing and FX to create an MCP system that fixes real-time exchange rates the moment a successful card transaction.
A fully
integrated
solution
MCP is a mechanism whereby the currency in which an e-commerce card payment transaction is executed is converted into the merchant's base currency or a currency of their choosing. Once integrated, eXgine automatically generates FX orders in near real-time. These rates are fixed and therefore protect the merchant's profit margins.
There are no interruptions in the card processing. Depending if you are a PSP, acquiring bank or issuing bank, eXgine has a solution.
Benefits
Complete Transparency
eXgine provides the user with back office reporting functionality with the capability of viewing the portfolio as a whole or if required, a level of granularity, to view each individual transaction.
The system can be accessed at multiple levels dependent upon the business model employed. For example access could be granted to a specific merchant if you are a PSP or acquirer if you are a processor.
Additional Revenue Stream
eXgine provides a complete solution as there is no need to push additional processes onto our partners.
The system provides a mark-up on every transaction which is payable as a monthly net settlement into your chosen currency. You focus on card processing and we’ll handle the FX.
Fully Automated
eXgine integrates into your existing process. No partner development.
Once integrated, the MCP system is completely automated.
