What does DCC stand for in the context of transaction services?

Dynamic Currency Conversion (DCC) is a service that allows international travelers to make transactions in their own currency at the point of sale or through ATMs. This service aims to enhance the customer experience by providing transparency and convenience when making payments abroad. When a customer chooses to utilize DCC, the price of goods or services is displayed in their home currency at the time of purchase, making it easier for them to understand how much they are spending.

This choice is particularly relevant in the context of transaction services as it entails aspects of currency exchange integrated into the payment process, enabling merchants and payment providers to offer additional services that can be beneficial for both parties. This also often comes with greater clarity about the exchange rate being applied, which can lead to informed decision-making by the customer.

In contrast, the other options do not have the same recognition or relevance in the context of transaction services. Dynamic Currency Conversion specifically addresses the process of handling currency transactions efficiently in a globalized market, making it the appropriate answer.