Card Briefs: Trintech's Software Converts Currencies

Trintech Group said it has introduced a piece of software meant to reduce consumers' currency conversion confusion when using credit cards in foreign countries.

The package, Multi-currency at Point of Sale, or MaPoS, allows merchants to convert the value of a transaction at the time of purchase into the currency of the cardholder's choice. The amount shown, if in the home- country currency, is the same that will show up on the cardholder's statement, said Trintech co-founder and chief executive officer John McGuire.