Euronet Worldwide Inc. (NASDAQ: EEFT), a leading payments provider and Independent ATM Deployer (IAD) in Europe, announces contracts for a wide range of ATM and POS Value Added Services (VAS) with leading financial institutions across more than ten European Countries.
Comprised of numerous innovative products for both ATM and POS touch points, Euronet's value added services have been deployed on Euronet's IAD networks and deployed or contracted for banks’ ATM and POS networks. These services include:
- Bill Payment
- Domestic Money Transfer
- Cardless Money Transfer Payout
- Promotional Payout
- Currency Conversion
- ATM Advertising
- Coupons Dispensed with Cash
- Contactless Card Acceptance
- Mobile Top-Up
- POS Cash-Back
- Mobile Funds Transfer
- ATM Instant Loans Services
Some services are deployed across multiple markets while others are market-specific, pointing to Euronet's flexibility to provide customized niche products as well as off-the-shelf solutions which are fast-to-market and easy to leverage.
“In 2011 we were successful in engaging banks to utilize their ATM and Point of Sale (POS) networks as revenue generating channels. Our extensive value added service offerings allow banks to tailor the services to the specific needs of their customers. Euronet’s contracts across multiple markets for a wide variety of our products show that banks want to utilize their ATM and POS channels as a growth driver,’’ stated Nikos Fountas, Senior Vice President and Managing Director, Europe EFT Processing Segment.
Most value added service agreements span three or more years and are contracted with an array of multinational financial institutions and local banks. Highlights from Euronet’s value added service portfolio include:
Bill payment provides bank customers the ability to pay bills at ATMs and POS terminals. Euronet has implemented or is implementing this service for Raiffeisen Bank in Romania; Citibank in Slovakia; Komercijalna Bank and Credit Agricole in Serbia; and Hipotekarna Bank in Montenegro.