Croatia's Third Largest Bank Selects Euronet's Credit Card Software.Business Editors LEAWOOD, Kan. and SPLIT, Croatia--(BUSINESS WIRE)--Sept. 10, 2003 Euronet Worldwide Euronet Worldwide, EEFT (Nasdaq), is the largest independent Automated teller machine (ATM) acquiring network in Central/Eastern Europe. It was founded in 1994 by brothers-in-law Dan Henry and Mike Brown. Euronet purchased it's software solutions vendor, Arksys, in 1999. , Inc. (Nasdaq: EEFT EEFT End-to-End Force Tracking ), a leading electronic payments provider, today announced that Splitska Banka, Croatia's third largest bank, will implement Euronet Integrated Credit Card software in conjunction with Euronet's Debit Card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. System and Merchant Management System. Splitska Banka, a member of HVB HVB Hervey Bay, Queensland, Australia (Airport Code) HVB Hawaii Visitors Bureau HVB Central-European International Bank (Hungary) HVB High Volume Breeder (puppy mill) Group and the leading Visa bank in Croatia with 300,000 customers, selected the Euronet card and merchant software packages to accommodate a comprehensive electronic funds transfer See EFT. (application, communications) electronic funds transfer - (EFT, EFTS, - system) Transfer of money initiated through electronic terminal, automated teller machine, computer, telephone, or magnetic tape. business with ATM, POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale , debit and credit card solutions. Splitska Banka has full functionality to provide processing services to other banks as well. The bank expanded its existing Euronet solutions, which included ATM and POS management, ATM recharge and connections to Visa, MasterCard and American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. . "As a dedicated and proven partner, Euronet has consistently delivered reliable solutions for our banking operations," said Petar Lisica, Advisor to the Management Board at Splitska Banka. "With these additional integrated Euronet software solutions, we are streamlining and standardizing our IT platforms, while saving time and costs." Euronet's core technology, Integrated Transaction Management (ITM ITM See: In-the-money ), enables banks to deliver a range of highly specialized applications through a central, interactive gateway. This advanced, scaleable middleware provides flexibility for banks to expand their service offerings into additional customer delivery channels. "As one of the most progressive banks in its region, Spliska Banka uses electronic transaction services to provide comprehensive and convenient offerings to its clients," said Jim Jerome, Euronet Worldwide executive vice president and managing director of the software division. "By leveraging the Euronet ITM core system, Splitska Banka can seamlessly incorporate other Euronet solutions to meet future business needs." Splitska Banka is one of four banks in the HVB Group that has partnered with Euronet to provide financial solutions. Euronet also has HVB partnerships in Germany, Poland and the Czech Republic Czech Republic, Czech Česká Republika (2005 est. pop. 10,241,000), republic, 29,677 sq mi (78,864 sq km), central Europe. It is bordered by Slovakia on the east, Austria on the south, Germany on the west, and Poland on the north. . About Euronet Worldwide Euronet Worldwide is an industry leader in providing secure electronic financial transaction solutions. The company offers outsourcing and consulting services, integrated EFT software, network gateways, and electronic top-up services to financial institutions, mobile operators and retailers. These solutions enable our clients' customers to access personal financial information and to perform secure payment transactions -- any time, any place. Euronet operates the largest independent pan-European ATM network, and is a leading provider of electronic distribution service, or top-up services, for prepaid mobile airtime. The company has processing centers located in the U.S., Europe and Asia, and processes electronic top-up transactions at more than 50,000 points of sale across 18,000 retailers in Europe, Australia and the U.S. With corporate headquarters in Leawood, Kansas, USA, and European headquarters in Budapest and London, Euronet serves clients in more than 60 countries. Visit our web site at www.euronetworldwide.com. About HVB Group The HVB Group is the second-largest private bank in Germany and the leading European real estate financer. With over 69,500 employees, 2,300 branch offices and over 8.5 million customers, HVB is number one in the heart of Europe. In terms of its total assets of some EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 725 billion, HVB ranks third among all banks in Europe. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion