Euronet Initiates Mobile Transactions With Three Indonesian Banks; Satelindo Launches Euronet Mobile Recharge.Business Editors & Technology Writers JAKARTA, Indonesia & LEAWOOD, Kan.--(BUSINESS WIRE)--April 18, 2002 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 provider of secure electronic financial transaction solutions, today launched Euronet Mobile Recharge for Satelindo, Indonesia's second-largest mobile operator. This service begins Euronet's mobile transaction switching in Indonesia, offering connectivity to three local banks, including Bank Internasional Indonesia (BII BII Bank Internasional Indonesia BII British Institute of Innkeepers BII Bioindustry Initiative (US Department of State) BII Bronco II (Ford truck; predecessor of the Explorer) BII Basic Issue Item ), one of the largest banks in Indonesia, and two regional banks, Bank Universal (BU) and Bank Ekonomi (BE). Euronet recently expanded its transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. capabilities in Indonesia to provide connectivity between the mobile operator and the financial institutions. Euronet provides this Indonesian transaction switching service through a joint venture called Euronet Sigma Nusantara (ESN (Electronic Serial Number) A unique identification number built into a cellphone for security purposes. ), which processes the mobile transactions at ESN's local data center in Jakarta. Satelindo is a leading mobile operator with unique m-banking and m-commerce strategies. Euronet is pleased to partner with Satelindo to provide m-payment solutions to Indonesian customers. By selecting Euronet's Mobile Recharge Service, these three financial institutions -- BII, BU and BE -- have enabled approximately 2.2 million card holders to perform recharge transactions from their mobile phones. Card holders can register for the service through these banks, which authorize transactions through their online connections to the ESN data center. ESN acts as the centralized application provider and intermediary, performing daily settlement and reconciliation among all participants. "Our strategic plan involves leading the market by offering diverse products that differentiate us and by providing value-added services to our customers," said Rudy Hamdani, Bank Internasional Indonesia Board Member. "Euronet Mobile Recharge enables BII to offer next-generation banking services, making it more convenient for our customers to recharge their Mentari-branded prepaid accounts, while allowing us to generate additional revenue." Satelindo is the first Indonesian mobile operator to offer its customers the ability to increase prepaid airtime directly from the mobile phone. Once Satelindo's customers are registered with one of these banks, the customers can recharge airtime on their prepaid mobile phones 24x7 using SMS (1) (Storage Management System) Software used to routinely back up and archive files. See HSM. (2) (Systems Management Server) Systems management software from Microsoft that runs on Windows NT Server. commands. Following the completion of authorization and processing of the transaction, the customers' account will be debited incurring no transaction fees. The customers' mobile phone will receive an SMS message SMS message SMS n → (message m) SMS m from Satelindo confirming their transaction. "We have seen the vision of this cooperation come to fruition, now giving our customers the convenience to top up their phones any hour of the day with no transaction fees," said Jan Nilsson Jan «Flash» Nilsson (born December 15th, 1960) is a Swedish racecar driver. He is most famous for his appearance in the Swedish Touring Car Championship, having appeared in all eleven seasons and for being the most victorious driver (two championship wins and 30 race wins). , Satelindo Cellular Director. "Since approximately 80% of our customers use prepaid services, Euronet's Mobile Recharge solution enables Satelindo to bring mobile payment solutions to the forefront in Indonesia and Southeast Asia Southeast Asia, region of Asia (1990 est. pop. 442,500,000), c.1,740,000 sq mi (4,506,600 sq km), bounded roughly by the Indian subcontinent on the west, China on the north, and the Pacific Ocean on the east. ." "Going live so quickly after the agreements were signed demonstrates the commitment by Euronet, Satelindo and the participating banks to provide Mobile Recharge services," said Daniel R. Henry, Euronet Worldwide President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "This implementation in Indonesia exhibits Euronet's ability to provide electronic payment solutions on a global scale." Indonesia is the first country in the Asia/Pacific region to offer Euronet Mobile Recharge. In addition to Indonesia, Euronet's recharge solutions have been deployed in six countries with more than nine mobile operators via POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale devices, ATMs and mobile phones. 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, U.S.A., and European headquarters in Budapest, Hungary, Euronet serves more than 200 clients in 60 countries. Visit our web site at www.euronetworldwide.com. About Satelindo Satelindo was founded in 1993. The shareholders are PT Indosat and DeTe Mobile (a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Deutsche Telekom). Visit the Satelindo web site at www.satelindogsm.com. |
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