This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Euronet Worldwide Expands Independent ATM Networks To Spain And Italy

Euronet Worldwide, Inc. (NASDAQ: EEFT) today announced the addition of two new countries to its portfolio of Independent ATM Deployed (IAD) networks. Entry into these new markets represents Euronet’s first IAD network deployments completed without a sponsor bank and expands Euronet’s position as the fastest growing and most geographically diverse Independent ATM Deployer in Europe.

The IADs in two new markets, Spain and Italy, mark Euronet’s first EFT presence in these countries which were made possible by the European Payment Service Directive (PSD) e-money license granted to Euronet in 2011. The combination of the PSD license, together with approval for direct membership with Visa and MasterCard, allow Euronet to acquire ATM debit and credit card transactions without the requirement of a sponsor bank.

“Euronet is an industry leader in ATM deployment with 18 years of proven operating excellence,” stated Nikos Fountas, Managing Director of Euronet’s EFT Europe Division. “Using our PSD license, we are now able to bring our experience to new markets without dependency on sponsor banks, thereby retaining control of the entire implementation process and shortening the lead time required to enter a new market.”

Euronet’s new ATMs are located in off-bank premise, high-traffic locations, making access to cash more convenient for customers.

Market entry into Spain and Italy brings Euronet’s IAD presence 10 European countries, including: Spain, Italy, Romania, Greece, Croatia, Poland, Germany, Czech Republic, Ukraine and Bulgaria. Additionally, Euronet provides global ATM software solutions, operates the largest shared ATM network in India and provides ATM outsourcing solutions for customers throughout Europe, Asia Pacific and the Middle East.

“Euronet’s ability to leverage our extensive ATM management experience and existing infrastructure, combined with our value added service portfolio creates unique benefits and convenience for both bank customers and end-users,” stated Danilo Rivalta, General Manager of Euronet’s Western Europe EFT Division.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,751.39 +121.12 0.69%
S&P 500 2,108.57 +15.32 0.73%
NASDAQ 5,111.7330 +22.5270 0.44%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs