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BPH PBK selects Euronet to Outsource Network of 700 ATMs

October 14, 2003 at 12:00 AM EDT
BPH PBK selects Euronet to Outsource Network of 700 ATMs

BPH PBK selects Euronet to Outsource Network of 700 ATMs

WARSAW, POLAND and LEAWOOD, KANSAS, USA—Oct. 14, 2003— Euronet Worldwide, Inc. (Nasdaq: EEFT), a leading electronic payments provider, today announced a multi-year agreement to provide end-to-end ATM outsourcing services with BPH PBK SA, the third largest bank in Poland, which is owned by Bank Austria Creditanstalt AG (BA-CA), the market leader in Austria, which in turn is owned the second largest bank in Germany, HypoVereinsbank AG (HVB).

Euronet will provide comprehensive ATM operation management and switching services, transaction gateway routing, reporting, cash management, cash forecasting services and vendor management for the bank’s existing network of 717 ATMs, in addition to providing value-added services such as electronic recharge.

BPH PBK began its cooperation with Euronet in December 2002 when it joined Euronet’s ATM network participation program, enabling the bank’s 2.8 million customers to use any of Euronet’s 450 ATMs throughout Poland free of charge. As part of that agreement Euronet has made available its mobile recharge service to BPH PBK customers, which allows any bank customer to recharge their prepaid mobile phones by sending short message service (SMS) messages directly from their mobile phones.

“Based upon our current success with Euronet’s ATM network participation program and mobile recharge project, we are confident in their abilities to implement the outsourcing solution quickly and efficiently,” said Jozef Wancer, BPH PBK president of the management board. “Euronet has demonstrated expertise and reliability for their own ATM operations, and we are confident that the new cooperation with Euronet will allow us to meet our goals to provide our customers with secure, reliable access to their bank accounts, provide additional value added services to our customers, and at the same time significantly reduce our banks operational costs including management oversight.”

“We believe that building on our established relationship with BPH BPK will help the bank gain an edge in this competitive industry,” said Daniel R. Henry, Euronet Worldwide president and chief operating officer. “Euronet will assist the bank in reducing costs and enable its employees to focus on the bank’s core business. We are committed to providing innovative, high quality services in Poland and across Europe.”

The agreement with Bank BPH PBK SA represents the fourth agreement between Euronet and an HVB subsidiary in Europe. Euronet currently provides cash management services and ATM operating services to HVB Germany and HVB Czech Republic, and provides comprehensive ATM, POS and card software solutions to HVB’s subsidiary in Croatia, Splitska Banka.

“Our regional relationship with the HVB group allows the Group to benefit from a single, comprehensive service provider with a regional footprint that closely overlaps that of the Group,” said Henry. “Our wide range of services allows the Group to pick and choose particular services from Euronet, tailored to meet the needs of a specific country, and we hope to continue to expand our service offering to the HVB Group in new countries throughout the region.”

About Euronet Worldwide, Inc.

Euronet Worldwide, Inc. is an industry leader in providing secure electronic financial transaction solutions. The company offers outsourcing and consulting services, integrated EFT software, network gateways, and electronic top-up services to financial institutions, mobile operators and retailers. These solutions enable our clients' customers to access personal financial information and to perform secure payment transactions-any time, any place. Euronet operates the largest independent pan-European ATM network, and is a leading provider of electronic distribution service, or top-up services, for prepaid mobile airtime. The company has processing centers located in the U.S., Europe and Asia, and processes electronic top-up transactions at more than 50,000 points of sale across 18,000 retailers in Europe, Australia and the U.S. With corporate headquarters in Leawood, Kansas, USA, and European headquarters in Budapest and London, Euronet serves clients in more than 60 countries. Visit our web site at www.euronetworldwide.com.

About BPH PBK

BPH PBK owns a network of nearly 500 branches throughout Poland, and has 2.8 million customers. It is a universal, market-oriented bank. It flexibly responds to the changing needs of customers, adjusting the scope and quality of the offer to their expectations, and promoting complex services. The bank serves both individual and institutional customers—both private companies and public sector entities. It is also an active and innovative institution on international markets. The bank’s offer is composed of modern products and services related to credits, deposits and settlements. Customer service is held in branches and through intensively developed alternative distribution channels, such as Internet banking and telephone banking. Visit the bank’s web site at www.bphpbk.pl.

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