Euronet and BWR/Deutsche Bank Poland Launch Debit Card Outsourcing Program
Euronet and BWR/Deutsche Bank Poland Launch Debit Card Outsourcing Program
Euronet and BWR/Deutsche Bank Poland Launch Debit Card Outsourcing Program WARSZAW, POLAND AND LEAWOOD, KANSAS, USA– June 14, 2001 -- Euronet Worldwide (NASDAQ: EEFT), a leading provider of secure electronic financial transaction solutions, today announced the implementation of outsourcing services for Bank Wspó³pracy Regionalnej (BWR) in Kraków S.A., a member of the Deutsche Bank group in Poland.
Under the terms of the multiyear agreement, Euronet will manage the daily issuance of VISA Electron cards, authorize and process debit transactions, and provide the bank a gateway to the VISA network. The bank will monitor daily transactions on the network through a remote terminal access system developed by Euronet, enabling the bank to provide real-time information to cardholders whose inquiries come into the bank’s call center.
“Euronet helped us to achieve our objectives of capital investment cost reduction and quick implementation of a solution which was vital to our bank’s service strategy,” said Dr. Friedhelm Herb, Bank Wspó³pracy Regionalnej S.A. CEO. “In addition to avoiding the expenditure for software application and hardware, we avoided the necessity of spending on internal infrastructure. Our product offering is focused on both individual and corporate clients. After implementation of these new card products, our offering will be among the most comprehensive on the banking market in Poland.”
“Euronet is very pleased to increase our outsourcing options with BWR/Deutsche Bank Poland,” said Michael Brown, Euronet Worldwide Chairman and CEO. “We have been providing comprehensive ATM outsourcing to BWR for quite some time. With the addition of the debit card program, BWR can now offer additional retail services to its clients, which in turn will drive more transactions across our network. We enjoy helping progressive financial institutions like BWR become leaders in their markets.”
About Euronet Worldwide
Euronet Worldwide is an industry leader in providing secure electronic financial transaction solutions. The company offers financial payment middleware, financial network gateways, outsourcing and consulting services to financial institutions and mobile operators. These solutions enable their customers to access personal financial information and perform secure financial transactions -- any time, any place. The company has processing centers located in the United States, Europe and Asia, and owns and operates the largest independent ATM network in Europe. Euronet was recently ranked number two on the Deloitte & Touche Technical Fast 500, a ranking of the fastest growing technology companies in North America. With corporate headquarters in Leawood, Kansas, USA, and European headquarters in Budapest, Hungary, Euronet serves more than 200 clients in 60 countries. Visit our web site at www.euronetworldwide.com.
About Bank Wspó³pracy Regionalnej S.A.
Bank Wspó³pracy Regionalnej S.A. is a bank specializing in services to small and medium size companies and individual clients. Bank Wspó³pracy Regionalnej S.A. has 32 branches located mostly in the Southern part of Poland and employs approximately 800 people. The bank is a part of the Deutsche Bank group, and in the near future will be incorporated into the pan European structures of Deutsche 24.
Under the terms of the multiyear agreement, Euronet will manage the daily issuance of VISA Electron cards, authorize and process debit transactions, and provide the bank a gateway to the VISA network. The bank will monitor daily transactions on the network through a remote terminal access system developed by Euronet, enabling the bank to provide real-time information to cardholders whose inquiries come into the bank’s call center.
“Euronet helped us to achieve our objectives of capital investment cost reduction and quick implementation of a solution which was vital to our bank’s service strategy,” said Dr. Friedhelm Herb, Bank Wspó³pracy Regionalnej S.A. CEO. “In addition to avoiding the expenditure for software application and hardware, we avoided the necessity of spending on internal infrastructure. Our product offering is focused on both individual and corporate clients. After implementation of these new card products, our offering will be among the most comprehensive on the banking market in Poland.”
“Euronet is very pleased to increase our outsourcing options with BWR/Deutsche Bank Poland,” said Michael Brown, Euronet Worldwide Chairman and CEO. “We have been providing comprehensive ATM outsourcing to BWR for quite some time. With the addition of the debit card program, BWR can now offer additional retail services to its clients, which in turn will drive more transactions across our network. We enjoy helping progressive financial institutions like BWR become leaders in their markets.”
About Euronet Worldwide
Euronet Worldwide is an industry leader in providing secure electronic financial transaction solutions. The company offers financial payment middleware, financial network gateways, outsourcing and consulting services to financial institutions and mobile operators. These solutions enable their customers to access personal financial information and perform secure financial transactions -- any time, any place. The company has processing centers located in the United States, Europe and Asia, and owns and operates the largest independent ATM network in Europe. Euronet was recently ranked number two on the Deloitte & Touche Technical Fast 500, a ranking of the fastest growing technology companies in North America. With corporate headquarters in Leawood, Kansas, USA, and European headquarters in Budapest, Hungary, Euronet serves more than 200 clients in 60 countries. Visit our web site at www.euronetworldwide.com.
About Bank Wspó³pracy Regionalnej S.A.
Bank Wspó³pracy Regionalnej S.A. is a bank specializing in services to small and medium size companies and individual clients. Bank Wspó³pracy Regionalnej S.A. has 32 branches located mostly in the Southern part of Poland and employs approximately 800 people. The bank is a part of the Deutsche Bank group, and in the near future will be incorporated into the pan European structures of Deutsche 24.