TEKchand, LLC, a multi-vendor supplier of marketing and management software applications for the ATM channel, and Euronet USA, the software division of leading electronic payments provider Euronet Worldwide, Inc. (NASDAQ: EEFT), today announced that they have entered into an agreement whereby Euronet USA will promote and resell TEKchand’s ATM marketing and remote device management solutions in conjunction with Euronet’s Integrated Transaction Management ® (ITM) payment solution. “We are always looking for ways to meet the needs of our financial services clients and to help them enhance their solutions and capabilities,” said Dave Morgan, Vice President of Global Business Development — Euronet USA. “With our client base showing an increasing interest in ATM content management, we are pleased to partner with TEKchand to offer a variety of options for our clients.” TEKchand offers a comprehensive application suite for ATM marketing and remote device management. Its ATM Live Manager platform enables financial institutions to manage ATM screen content, targeted marketing and multiple cost-saving remote management functions for the ATM channel. ATM ContentPro, TEKchand’s appliance-based delivery model, is a complete end-to-end solution that combines all mission critical elements into a single appliance package. “We’ve eliminated the costs and pain associated with deploying a marketing and management solution for the ATM channel,” says Rajeev Bahri, Managing Director of TEKchand. “With our preconfigured ATM ContentPro Appliance customers can realize the benefits of our solutions almost immediately upon purchase. “Euronet’s core competency in transaction processing and payment systems software solutions has firmly established itself as a global leader in the marketplace,” Bahri added. “Similarly, TEKchand is a recognized leader in value-add ATM software solutions in the U.S., and with this partnership we can now extend our services to clients on an international scale. We are looking forward to a successful partnership with Euronet.”
About TEKchand, LLCTEKchand has been a leading supplier of marketing and management software applications designed specifically for the ATM channel since 1999. TEKchand’s ATMLive Manager client-server based platform delivers easy-to-use, web-based product solutions for dynamic content management and distribution, personalization, and remote management capabilities such as Software Patches, Electronic Journaling and inventory management for multi-vendor ATM networks. TEKchand’s flagship product, ATMContent Manager is used by some of North America’s leading transaction processors. TEKchand is headquartered in Chicago, Illinois, with international offices in Toronto, Canada and Delhi, India. For more information, please visit www.tekchand.com or call 1-773-868-0890. About Euronet USA Inc. Euronet USA, the software division of leading electronic payments provider Euronet Worldwide, Inc. (“Euronet”) (NASDAQ: EEFT), provides transaction management solutions to financial services organizations worldwide. Euronet USA is recognized around the world as an industry leader for providing one of the most comprehensive, fully integrated electronic financial transaction solution suites. Euronet USA’s broad range of transaction management solutions uses a single core interactive engine called Integrated Transaction Management® (ITM). This centralized engine provides significant reduction in the overhead costs associated with multiple delivery systems and vendor interfaces. ITM ensures absolute consistency and control across multiple customer touch points. Euronet USA’s ITM Solution has been installed more than 300 times in over 70 countries. In addition to software solutions, Euronet offers payment and transaction processing solutions to financial institutions, retailers, service providers and individual consumers which include comprehensive ATM, POS and card outsourcing services; card issuing and merchant acquiring services; consumer money transfer and bill payment services; and electronic distribution for prepaid mobile airtime and other prepaid products. Euronet operates and processes transactions from 46 countries and serves clients in approximately 150 countries. For more information, please visit the Company's Web site at www.euronetworldwide.com.