In order to assist your organization to comply with EU 2019/518 and de-risk any exposure to non-compliance or scheme fines or penalties, the Afferent ECB Rates API can be simply integrated into your organization’s payment platform DCC flow.
Each time a valid DCC transaction is made at one of your organization’s ATMs or POS terminals, an API call is made to the Afferent ECB Rates by simply sending the currency pair of the DCC transaction and your exchange rate (including margin). The API response returns the percentage mark-up of your exchange rate over the latest ECB exchange rate, along with the latest ECB Exchange Rate and its date and time stamp.