Sila Communications to Market Euronet Worldwide's Wireless Banking Products
Sila Communications to Market Euronet Worldwide's Wireless Banking Products
Sila Communications to Market Euronet Worldwide's Wireless Banking Products LEAWOOD, KANSAS USA AND LONDON, UK (February 13, 2001) — Euronet Worldwide (Nasdaq: EEFT), a leading provider of secure electronic financial transaction solutions and Sila Communications today announced the signing of a strategic alliance whereby Sila Communications will market and deliver Euronet Worldwide’s suite of wireless banking solutions to its customer base across Europe and Asia.
Headquartered in London and employing a team of more than 200 dedicated people, Sila currently has offices and data center facilities throughout Europe, Singapore and South Africa. Leveraging its parenthood with Reuters, Sila quickly became the preferred wireless solutions provider for most brokerage and financial institutions throughout Europe.
Targeting financial institutions such as banks, brokerage firms and credit unions, Sila Communications will offer Account Access and Event Messaging as a wireless ASP solution (Application Service Provider) in Europe and throughout Asia / Pacific. With these products, bank customers can conduct secure, real-time transactions and access personal account information via their mobile phone. They also can establish and maintain alerts to track their personal accounts or brokerage accounts.
Account Access enables a customer to make a balance inquiry, retrieve a mini-statement, perform an intra-bank transfer, change a password, report a lost or stolen debit card, pay bills, forward information requests and add or delete alerts right from the palm of the hand.
The wireless Event Messaging capability is driven by the individual customer’s preferences as established through their financial institution’s website. Once activated, the program immediately notifies customers with invaluable information, such as account balances, confirmation of direct deposit to accounts, status of checks or loan rates reaching specified targets.
The products, created by Euronet, are immediately available and financial institutions interested in these services can be operational within 90 days. Working together, Sila and Euronet will manage every aspect of the integration between the financial institution’s back-end and wireless devices, including secure, reliable, high-performance connectivity to all mobile operators.
“Sila recognized the advantages of offering a reliable and secure wireless solution that would allow customers to access their personal financial information and execute banking transactions any time, any place, simply by using their wireless phones,” said Bo Kroll, CEO Sila Communications. “We believe Euronet’s wireless banking products are some of the most advanced we have seen in the marketplace. By teaming with Euronet, Sila now has a new reliable and powerful wireless offering to add to the portfolio of services we provide to banks and financial institutions throughout Europe and Asia Pacific.”
“With wireless penetration expected to grow past 70% of the population throughout Europe in the next two years, wireless communications is an exciting and dynamic arena to be in,” said Michael Brown, Euronet Worldwide CEO and Chairman. “We are very pleased to partner with Sila Communications given their position as Europe's biggest provider of wireless data for financial markets.”
Brown continued, “Our strategy is to expand sales channels and distribution of our products by collaborating with dynamic companies around the world. Euronet's wireless partners --including Aether Systems, Inc., Gemplus and now Sila Communications – will help us reach our goal to be a dominant provider of secure wireless payment transaction solutions.”
As a global provider of secure financial transactions, Euronet continues to expand its geographic and marketplace presence throughout Europe, Middle East, Africa, the Americas and Asia / Pacific. This expansion allows our customers to provide their consumers a wide array of additional transaction touchpoints and provides Euronet continued transaction volume growth.
About Sila Communications
Sila is owned 60 % by Aether Systems (NASDAQ: AETH), a leading provider of mobile wireless delivery systems in the US, and 40 % by Reuters Group (LSE: RTR). Sila provides end-to-end wireless software solutions and services to corporations and wireless carriers across Europe and Asia. Headquartered in London, Sila currently has offices and data center facilities throughout Europe, as well as in Singapore, and South Africa. Visit our web site at www.silacom.com
About Euronet Worldwide
Euronet Worldwide is a global provider of secure electronic financial transaction solutions. The company provides financial payment middleware, financial network gateways, outsourcing, and consulting services to financial institutions, brokerages, and mobile operators, in turn enabling their customers access to their personal financial information and perform secure financial transactions -- any time, any place. The company’s proprietary transaction management system powers financial transaction solutions for over 200 clients in 60 countries as well as the company’s processing centers located in the United States, Europe and Asia. Euronet was recently ranked number two on the Deloitte & Touche Technical Fast 500, a ranking of the fastest growing technology companies in North America. The company owns and operates the largest independent ATM network in Europe with corporate headquarters in Leawood, Kansas, USA, and European headquarters in Budapest, Hungary. Visit our web site at www.euronetworldwide.com.
Headquartered in London and employing a team of more than 200 dedicated people, Sila currently has offices and data center facilities throughout Europe, Singapore and South Africa. Leveraging its parenthood with Reuters, Sila quickly became the preferred wireless solutions provider for most brokerage and financial institutions throughout Europe.
Targeting financial institutions such as banks, brokerage firms and credit unions, Sila Communications will offer Account Access and Event Messaging as a wireless ASP solution (Application Service Provider) in Europe and throughout Asia / Pacific. With these products, bank customers can conduct secure, real-time transactions and access personal account information via their mobile phone. They also can establish and maintain alerts to track their personal accounts or brokerage accounts.
Account Access enables a customer to make a balance inquiry, retrieve a mini-statement, perform an intra-bank transfer, change a password, report a lost or stolen debit card, pay bills, forward information requests and add or delete alerts right from the palm of the hand.
The wireless Event Messaging capability is driven by the individual customer’s preferences as established through their financial institution’s website. Once activated, the program immediately notifies customers with invaluable information, such as account balances, confirmation of direct deposit to accounts, status of checks or loan rates reaching specified targets.
The products, created by Euronet, are immediately available and financial institutions interested in these services can be operational within 90 days. Working together, Sila and Euronet will manage every aspect of the integration between the financial institution’s back-end and wireless devices, including secure, reliable, high-performance connectivity to all mobile operators.
“Sila recognized the advantages of offering a reliable and secure wireless solution that would allow customers to access their personal financial information and execute banking transactions any time, any place, simply by using their wireless phones,” said Bo Kroll, CEO Sila Communications. “We believe Euronet’s wireless banking products are some of the most advanced we have seen in the marketplace. By teaming with Euronet, Sila now has a new reliable and powerful wireless offering to add to the portfolio of services we provide to banks and financial institutions throughout Europe and Asia Pacific.”
“With wireless penetration expected to grow past 70% of the population throughout Europe in the next two years, wireless communications is an exciting and dynamic arena to be in,” said Michael Brown, Euronet Worldwide CEO and Chairman. “We are very pleased to partner with Sila Communications given their position as Europe's biggest provider of wireless data for financial markets.”
Brown continued, “Our strategy is to expand sales channels and distribution of our products by collaborating with dynamic companies around the world. Euronet's wireless partners --including Aether Systems, Inc., Gemplus and now Sila Communications – will help us reach our goal to be a dominant provider of secure wireless payment transaction solutions.”
As a global provider of secure financial transactions, Euronet continues to expand its geographic and marketplace presence throughout Europe, Middle East, Africa, the Americas and Asia / Pacific. This expansion allows our customers to provide their consumers a wide array of additional transaction touchpoints and provides Euronet continued transaction volume growth.
About Sila Communications
Sila is owned 60 % by Aether Systems (NASDAQ: AETH), a leading provider of mobile wireless delivery systems in the US, and 40 % by Reuters Group (LSE: RTR). Sila provides end-to-end wireless software solutions and services to corporations and wireless carriers across Europe and Asia. Headquartered in London, Sila currently has offices and data center facilities throughout Europe, as well as in Singapore, and South Africa. Visit our web site at www.silacom.com
About Euronet Worldwide
Euronet Worldwide is a global provider of secure electronic financial transaction solutions. The company provides financial payment middleware, financial network gateways, outsourcing, and consulting services to financial institutions, brokerages, and mobile operators, in turn enabling their customers access to their personal financial information and perform secure financial transactions -- any time, any place. The company’s proprietary transaction management system powers financial transaction solutions for over 200 clients in 60 countries as well as the company’s processing centers located in the United States, Europe and Asia. Euronet was recently ranked number two on the Deloitte & Touche Technical Fast 500, a ranking of the fastest growing technology companies in North America. The company owns and operates the largest independent ATM network in Europe with corporate headquarters in Leawood, Kansas, USA, and European headquarters in Budapest, Hungary. Visit our web site at www.euronetworldwide.com.