DGAP-News: Euronet Launches Prepaid Card Issuing, Processing and BIN Sponsorship Solutions Across Europe
(firmenpresse) - Euronet Worldwide, Inc.
01.05.2013 22:56
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LEAWOOD, Kan., 2013-05-01 22:56 CEST (GLOBE NEWSWIRE) --
Euronet 360 Finance Ltd., a subsidiary of Euronet Worldwide (Nasdaq:EEFT),
announces the launch of end-to-end prepaid card issuing, processing and BIN
sponsorship solutions in Europe.
Euronet 360 Finance Ltd., under the supervision of the UK's Financial Conduct
Authority (FCA), is now providing both electronic money and payment services
through card issuing, BIN sponsorship and payment card acquiring. By
passporting the e-money license across the Single Euro Payments Area (SEPA)
territory (except Monaco), Euronet 360 Finance Ltd. is able to issue cards and
process transactions across the entire European Economic Area (EEA).
Euronet 360 Finance Ltd. is also a member of MasterCard Europe sprl., thus
allowing issuing of open loop products across the SEPA region containing
MasterCard, Maestro and Cirrus brands. Open loop cards provide cardholders the
ability to use electronic funds at any MasterCard branded locations around the
world.
The European prepaid cards market is forecast for year-on-year double digit
growth and widely acknowledged as the sector with the greatest growth
opportunities in the next five years. Euronet's complete prepaid card solution
provides non-FCA licensed organizations with the ability to quickly, easily and
cost effectively enter the prepaid card arena. Card users have the optimal
ability to reload their cards using the vast POS, ATM and partner bank network
of Euronet Worldwide in addition to its epay and RIA subsidiaries throughout
Europe.
Standard features of Euronet's prepaid card solution include the support of
physical and virtual cards, for one-time, gift card or reloadable use.
Contactless functionality is also supported by MasterCard Paypass, allowing low
value transactions to be performed on appropriate devices without the need to
insert a card or PIN into a terminal. With prepaid card solutions live or under
implementation in 10 European markets, Euronet 360 Finance Ltd. understands the
underlying needs of each individual EEA market and is at the forefront of
developing relevant and profitable features to meet customer needs.
'Euronet Worldwide's technological infrastructure, combined with the reach,
capability and proven track record of its existing client base, clearly
positions Euronet 360 Finance Ltd. and its partners to monetize the projected
growth of this sector,' stated Ian Dickinson, Managing Director of Euronet 360
Finance Ltd.
'Euronet's processing pedigree, combined with our extensive capability and
geographic footprint provides our customers and prospects with an opportunity
to offer solutions to their clients without any material up-front expenditures,
ensuring their ability to protect, grow and evolve their business and market
share with speed and security,' added Nikos Fountas, Executive Vice President
and Managing Director, Euronet Europe EFT Division.
About Euronet Worldwide, Inc.
Euronet Worldwide is an industry leader in processing secure electronic
financial transactions. The Company offers payment and transaction processing
solutions to financial institutions, retailers, service providers and
individual consumers. These services include comprehensive ATM, POS and card
outsourcing services, card issuing and merchant acquiring services, software
solutions, consumer money transfer and bill payment services, and electronic
distribution for prepaid mobile phone time and other prepaid products.
Euronet's global payment network is extensive - including 17,600 ATMs,
approximately 67,000 EFT POS terminals and a growing portfolio of outsourced
debit and credit card services which are under management in 38 countries; card
software solutions; a prepaid processing network of approximately 680,000 POS
terminals at approximately 339,000 retailer locations in 30 countries; and a
consumer-to-consumer money transfer network of approximately 177,000 locations
serving 133 countries. With corporate headquarters in Leawood, Kansas, USA, and
49 worldwide offices, Euronet serves clients in approximately 150 countries.
For more information, please visit the Company's website at
www.euronetworldwide.com.
CONTACT: Euronet Worldwide, Inc.
U.S.:
Stephanie Taylor, +1913-327-4200
Europe:
Yana Itskovich, +36-1-224-4674
News Source: NASDAQ OMX
01.05.2013 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: Euronet Worldwide, Inc.
United States
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Datum: 01.05.2013 - 22:56 Uhr
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