Euronet Worldwide Inc. saw its stock jump as high as 14.8 percent on Monday, after Visa announced that it would start allowing instant currency conversion on international ATM transactions in Europe beginning in April.
The move allows people to convert currency from the payment card’s country of issue at an ATM. Businesses like Leawood-based Euronet (Nasdaq: EEFT) that operate ATMs can charge fees for the service, often at a hefty rate, to compensate for fluctuations in the exchange rate. The…
