Visa and MasterCard are now Accepted at Euronet ATMs in the UK
Visa and MasterCard are now Accepted at Euronet ATMs in the UK
Visa and MasterCard are now Accepted at Euronet ATMs in the UK HERTFORDSHIRE, UK AND LEAWOOD, KANSAS, USA—September 4, 2002—Euronet Worldwide (NASDAQ:EEFT), a leading provider of secure electronic financial transaction solutions, today announced that Euronet's UK operation now offers Visa and MasterCard acceptance on Euronet ATMs for cash withdrawals and credit card cash advances after successfully completing a rigorous Visa audit of processing security and general procedures. Citibank International, plc is sponsoring Euronet in this UK initiative.
"By adding international card capabilities like Visa and MasterCard at Euronet ATMs in the UK, we instantly have a wider customer base, including international travelers," said Ron Delnevo, Euronet Worldwide managing director, UK office. "We have already seen transactions on our ATMs increase by 3% upon the launch of this service, and expect the increase to reach 5% over the next year in the UK as the service becomes better known. Our ability to quickly pass these strenuous audits is a testament to the processing infrastructure that Euronet has created, and we believe that UK banks will see the value of our product offering depth as more organizations consider the transition to outsourcing."
Euronet is currently partnered with Citishare and Citibank in six countries, including the ATM outsourcing program for Citibank Greece. "Citishare and Citibank have a high degree of confidence in Euronet's ability to provide secure and stable processing services, and we're pleased to work with Euronet in the UK market," said Matthew Lanford, Citishare vice president global client services.
"Already Citibank customers are seeing tangible benefits from this partnership. Citibank's UK customers can now access over 740 ATM's nationwide with their Visa or MasterCard and pay no surcharge. This is yet another example of how Citibank is delivering premium banking to the UK consumer," added Sanjeeb Chaudhuri, group managing director, Global Consumer Bank.
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. 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 Citigroup
Citibank is a member of Citigroup (NYSE: C), the preeminent global financial services company with some 200 million customer accounts in more than 100 countries, that provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Salomon Smith Barney, Banamex, and Travelers Life & Annuity. Additional information may be found at www.citigroup.com.
Disclaimer
Any statements contained in this news release, which concern the Company's or management's intentions, expectations, or predictions of future performance, including without limitation the financial guidance indicated above, are forward-looking statements. Euronet's actual results may vary materially from those anticipated in such forward-looking statements as a result of a number of factors, including: technological developments affecting the market for the company's products and services; foreign exchange fluctuations; and changes in laws and regulations affecting the company's business. These risks and other risks are described in the company's periodic filings with the Securities and Exchange Commission, including but not limited to Euronet's Form 10-Q for the period ended June 30, 2002 and its Form 10-K for the year ended December 31, 2001. Copies of these filings may be obtained by contacting the company or the SEC.
Contacts:
Media Contact:
Misti Garffie
Euronet Worldwide
913-327-4257
mgarffie@payspot.com
"By adding international card capabilities like Visa and MasterCard at Euronet ATMs in the UK, we instantly have a wider customer base, including international travelers," said Ron Delnevo, Euronet Worldwide managing director, UK office. "We have already seen transactions on our ATMs increase by 3% upon the launch of this service, and expect the increase to reach 5% over the next year in the UK as the service becomes better known. Our ability to quickly pass these strenuous audits is a testament to the processing infrastructure that Euronet has created, and we believe that UK banks will see the value of our product offering depth as more organizations consider the transition to outsourcing."
Euronet is currently partnered with Citishare and Citibank in six countries, including the ATM outsourcing program for Citibank Greece. "Citishare and Citibank have a high degree of confidence in Euronet's ability to provide secure and stable processing services, and we're pleased to work with Euronet in the UK market," said Matthew Lanford, Citishare vice president global client services.
"Already Citibank customers are seeing tangible benefits from this partnership. Citibank's UK customers can now access over 740 ATM's nationwide with their Visa or MasterCard and pay no surcharge. This is yet another example of how Citibank is delivering premium banking to the UK consumer," added Sanjeeb Chaudhuri, group managing director, Global Consumer Bank.
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. 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 Citigroup
Citibank is a member of Citigroup (NYSE: C), the preeminent global financial services company with some 200 million customer accounts in more than 100 countries, that provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Salomon Smith Barney, Banamex, and Travelers Life & Annuity. Additional information may be found at www.citigroup.com.
Disclaimer
Any statements contained in this news release, which concern the Company's or management's intentions, expectations, or predictions of future performance, including without limitation the financial guidance indicated above, are forward-looking statements. Euronet's actual results may vary materially from those anticipated in such forward-looking statements as a result of a number of factors, including: technological developments affecting the market for the company's products and services; foreign exchange fluctuations; and changes in laws and regulations affecting the company's business. These risks and other risks are described in the company's periodic filings with the Securities and Exchange Commission, including but not limited to Euronet's Form 10-Q for the period ended June 30, 2002 and its Form 10-K for the year ended December 31, 2001. Copies of these filings may be obtained by contacting the company or the SEC.
Contacts:
Media Contact:
Misti Garffie
Euronet Worldwide
913-327-4257
mgarffie@payspot.com