Euronet Signs Global Master Services and Network Agreement with Standard Chartered Bank in Asia, Africa and the Middle East.LEAWOOD, Kan. -- 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 it has signed a global master services agreement with Standard Chartered Bank Standard Chartered Bank (LSE: STAN, HKSE: 2888 ) is a British bank headquartered in London with operations in more than fifty countries. It operates a network of over 1,600 branches (including subsidiaries, associates and joint ventures) and employs almost 60,000 , a leading international bank with an extensive network in over 50 countries. Standard Chartered Bank has selected Euronet to provide global ATM network services along with ATM and card management services to the Bank in Asia, Africa and the Middle East on a country-by-country basis. Under the master services agreement, Euronet and Standard Chartered Bank will identify and tailor services relevant to their local country's unique requirements. Currently, Euronet is engaged with Standard Chartered Bank in ten countries. Euronet has finalized service arrangements with SCB ScB abbr. Latin Scientiae Baccalaureus (Bachelor of Science) Qatar, India and UAE (Uninterruptible Application Error) The name given to a crash in Windows 3.0. In subsequent versions of Windows, a crash was called a "General Protection Fault," "Application Error" or "Illegal Operation." See crash in Windows and abend. . The Standard Chartered Bank Qatar project is live with Euronet providing ATM driving and card management services. Euronet's processing solution also addresses Standard Chartered Bank Qatar's Europay, MasterCard and VISA (EMV EMV Elektromagnetische Verträglichkeit (German: Electromagnetic Compatibility) EMV EuroPay, MasterCard, Visa (Smart debit cards) EMV Europay, Mastercard and Visa EMV Eftermiddagsverksamhet ) compliance requirements Compliance requirements are a series of directives established by United States Federal government agencies that summarize hundreds of Federal laws and regulations applicable to Federal assistance (also known as Federal aid or Federal funds). . The potential opportunities for Euronet from the global Standard Chartered Bank agreement include ATM management services across 15 countries over the next two years. Prior to signing the global partnership agreement with the Standard Chartered Bank, Euronet has been managing ATMs for the Bank in India since 2003. The global partnership with Standard Chartered Bank further strengthens Euronet's position as a leading full-service EFT outsourcing partner to banks across Asia, Africa and the Middle East. Furthermore, the partnership enables Euronet to leverage its established state-of-the-art data centers in the region - Bahrain, China, India and Indonesia - to process ATM and card services The software support for PC Cards. PC Card applications talk to Card Services. See PC Card. for the Standard Chartered Bank. "We are very excited to service Standard Chartered Bank, one of the world's leading international banks, in multiple countries," said Michael J. Brown, chairman, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and president. "Euronet will enable Standard Chartered Bank to rapidly address ATM network expansion, compliance requirements and provide new transaction functionalities across multiple countries in a very timely and cost-effective manner." About Euronet Worldwide Euronet Worldwide is an industry leader in processing secure electronic financial transactions. The Company offers outsourcing and consulting services, integrated EFT software, network gateways, electronic prepaid top-up services to financial institutions, mobile operators and retailers, as well as electronic consumer money transfer and bill payment services. Euronet operates and services the largest pan-European group of ATMs and operates the largest Indian shared ATM network. Euronet is also one of the largest providers of prepaid processing, or top-up services, for prepaid mobile airtime. The Company is a licensed electronic money transmitter and bill payment company via Euronet Payments and Remittance, Inc. The Company has processing centers located in the U.S., Europe and Asia, and processes electronic top-up transactions at more than 265,000 point-of-sale terminals across approximately 157,000 retailers in Europe, Asia Pacific, Africa and the U.S. With corporate headquarters in Leawood, Kansas Leawood is a city in Johnson County, Kansas, United States and is part of the Kansas City Metropolitan Area. The population was 27,656 at the 2000 census. Geography Leawood is located at (38.920802, -94. , USA, and 26 worldwide offices, Euronet serves clients in more than 80 countries. Visit the Company's web site at www.euronetworldwide.com. About Standard Chartered Standard Chartered - leading the way in Asia, Africa and the Middle East Standard Chartered PLC is listed on both the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. and the Hong Kong Stock Exchange The Hong Kong Stock Exchange (Traditional Chinese: 香港交易所, also 港交所; abbreviated as HKEX; HKSE: 0388 ) is the stock exchange of Hong Kong. and is consistently ranked in the top 25 among FTSE-100 companies by market capitalisation Noun 1. market capitalisation - an estimation of the value of a business that is obtained by multiplying the number of shares outstanding by the current price of a share market capitalization . Standard Chartered has a history of over 150 years in banking and operates in many of the world's fastest-growing markets with an extensive global network of over 1,400 branches (including subsidiaries, associates and joint ventures) in over 50 countries in the Asia Pacific Region, South Asia This article is about the geopolitical region in Asia. For geophysical treatments, see Indian subcontinent. South Asia, also known as Southern Asia , the Middle East, Africa, the United Kingdom and the Americas. As one of the world's most international banks, Standard Chartered employs 60,000 people, representing over 90 nationalities, worldwide. This diversity lies at the heart of the Bank's values and supports the Bank's growth as the world increasingly becomes one market. With strong organic growth supported by strategic alliances and acquisitions and driven by its strengths in the balance and diversity of its business, products, geography and people, Standard Chartered is well positioned in the emerging trade corridors of Asia, Africa and the Middle East. Standard Chartered derives over 90 percent of profits from Asia, Africa and the Middle East. Serving both Consumer and Wholesale Banking customers worldwide, the Bank combines deep local knowledge with global capability to offer a wide range of innovative products and services as well as award-winning solutions. Trusted across its network for its standard of governance and corporate responsibility, Standard Chartered takes a long term view of the consequences of its actions to ensure that the Bank builds a sustainable business through social inclusion, environmental protection and good governance. Standard Chartered is also committed to all its stakeholders by living its values in its approach towards managing its people, exceeding expectations of its customers, making a difference in communities and working with regulators. For more information on Standard Chartered, please log on to www.standardchartered.com. |
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