Difference between PAC & PMC ?

• PayAnyCard - where a defined payable funds amount can be sent in the Source Currency (EUR)
• PayMyCard - where a defined payable funds amount can be sent in Any Other Local Currency

Pay Any Card Example:

1. Merchant wishes to send EUR 100 to a customer in the preferred currency of the cardholder's card (EUR = Source Currency) .
2. MiFinity debits the merchant's account with EUR 100 and sends instruction to pay cardholder in the FX equivalent currency of the cardholder's card.

Pay My Card Example

1. Merchant wishes to send exactly GBP 85 to a customer.
2. MiFinity sends instruction to pay cardholder GBP 85 and debits the EUR equivalent from the Merchant's EUR source account balance.