摘要 |
A system and a method for supporting e-commerce and card present transactions in multiple currencies, in which the local currency of the purchaser is different from the local currency of the vendor, such that the exchange between the currencies is hedged at the time of sale of the product. The system and method enable the purchaser to receive a final price for the product before the transaction is performed. The system and method also provide a mechanism for the actual exchange between the currencies of the purchaser and of the vendor, such that the aspects of the transaction regarding payment are fully supported. Preferably, transactional hedging of the currency transactions is performed, in order to reduce the risk involved with predetermination of prices. The system and method optionally and preferably provide end-to-end management of the rates through hedging, such that a single exchange rate (or set of exchange rates in a predefined relationship) preferably apply throughout a linked set of transactions, optionally also for payments that are separated in time. The system and method optionally and preferably support a vendor selling a package of products made up of elements from different suppliers, each supplier having a price for the product element in a separate supplier currency. The supplier currencies are different from purchaser and vendor currencies; preferably the suppliers are paid at different times. The system preferably hedges all transactions such that suppliers, vendor and purchaser are not exposed to currency fluctuations and that multiple currency rates are hedged for the transaction from time of booking until payments to suppliers and vendors
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