Euronet Expands its Shared Independent Automated Deposit Terminal Networks across Europe
(Thomson Reuters ONE) -
LEAWOOD, Kan., June 07, 2016 (GLOBE NEWSWIRE) -- Euronet Worldwide, Inc.
(NASDAQ:EEFT), a leading global payments provider, announces the further
expansion of its pioneering Shared Independent Recycler Automated Deposit
Terminal ("Recycler ADT") Network across Europe. Euronet's Recycler ADT Network
has now reached 2,500 ADTs in Poland, Germany, Romania and Czech Republic with
plans to expand further in more markets within 2016.
Euronet's Shared Independent Recycler Deposit Networks are the first to be
operated with participation from multiple banks. Automating cash deposits allows
banks to extend their branch services without incurring the cost of operating
additional branch locations, reduces deposit processing costs and enhances
customer satisfaction.
Participating banks enjoy the benefits of an extended Recycler ADT Network,
without incurring any capital investments. The banks' customers are offered a
convenient and secure service and are able to deposit their cash at a nearby
location with 24x7 availability, making access more convenient than traditional
bank branches. ADTs allow customers to enjoy real-time access to their funds,
reduced wait times at the bank branch and a variety of deposit types including
account deposits and deposits for credit card or loan payments, with additional
transaction types to be supported in the future.
Euronet is the first to deploy Independent Recycler Automated Deposit Networks,
and has demonstrated operational efficiencies and valuable knowhow.
Participating banks will benefit from best practices, as the service is fully
managed at all of its individual stages. A go-to-market advantage combined with
proven technical and operational infrastructure enables banks to enhance their
services and expand their customer base.
Euronet's Independent Recycler Automated Deposit Networks prove valuable both to
established banks that wish to restructure their Off-Site ATM Networks or
optimize their In-Branch Networks, and to new emerging banks with an
internet/mobile focus. The latter are able to have access to a new retail
network of Recycler ADTs, and offer an omni-channel experience to their
consumers.
The service is also available directly to merchants, as an automated cash
management solution, enabling cash deposits to their bank of choice. Euronet
undertakes the planning, installation and operations management of the Recycler
ADTs within the merchant's premises or alternatively in convenient locations
serving multiple merchants, with immediate positive effects on their cash
management process and increased revenues. Extending the service further,
Euronet enables the offering directly to consumers by allowing the deposits of
cash to their bank account of choice, offering a universal deposit service
across the country.
"We are excited to have reached such a critical mass on our Shared Independent
Recycler ADT Network. This has proven our strategy, with our plans now focused
on expanding in more markets and attracting more banks to participate and enjoy
the benefit," stated Nikos Fountas, Executive Vice President and Chief Executive
Officer, EMEA EFT Processing Segment. "We will continue to innovate and add more
features to our service to benefit banks, merchants and consumers, and universal
deposits available across Europe," added Mr. Fountas.
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,
cash-based and online-initiated consumer-to-consumer and business-to-business
money transfer services, and electronic distribution of prepaid mobile phone
time and other prepaid products.
Euronet's global payment network is extensive - including 24,761 ATMs,
approximately 129,000 EFT POS terminals and a growing portfolio of outsourced
debit and credit card services which are under management in 50 countries; card
software solutions; a prepaid processing network of approximately 658,000 POS
terminals at approximately 301,000 retailer locations in 34 countries; and a
global money transfer network of approximately 310,000 locations serving 150
countries. With corporate headquarters in Leawood, Kansas, USA, and 58 worldwide
offices, Euronet serves clients in approximately 165 countries. For more
information, please visit the Company's website at www.euronetworldwide.com.
Contact:
Euronet Worldwide, Inc.
Stephanie Taylor
T: 913-327-4200
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Euronet Worldwide, Inc. via GlobeNewswire
[HUG#2018720]
Unternehmensinformation / Kurzprofil:
Datum: 07.06.2016 - 16:08 Uhr
Sprache: Deutsch
News-ID 476259
Anzahl Zeichen: 5752
contact information:
Town:
LEAWOOD
Kategorie:
Business News
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"Euronet Expands its Shared Independent Automated Deposit Terminal Networks across Europe"
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