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Euronet History and Timeline

2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | All
 
2004
     
December    

Euronet signs a multiyear ATM outsourcing agreement with a large multinational bank in Mumbai, for their existing nationwide network of 245 ATMs. Euronet also provides shared ATM networking services to the bank through its Cashnet network, the largest nationwide-shared ATM network in India.


November  

Euronet expands prepaid processing segment – acquires the Movilcarga Division of Grupo Meflur Corporacion (Meflur), a leading Spanish telecommunications distribution company. Movilcarga is a provider of electronic prepaid voucher solutions in Spain, with a distribution agreement with Telefonica, the largest mobile operator in Spain.

Euronet’s German prepaid subsidiary, Transact, signs e-top-up services agreement with Kaiser´s Tengelmann AG. Customers can access the convenient e-top-up service at more than 3,000 electronic cash registers at 750 stores of Kaiser´s Tengelmann. Transact’s prestigious client list of major retailers include Shell, DEA, Jet, AGIP, ESSO, Total Fina Elf, PKN Orlen and Karstadt.

e-pay Australia signs agreements with two leading new retailers—Franklins supermarkets and TeleChoice retail outlets—to sell recharge vouchers for prepaid products through e-pay’s terminals. Consumers of all the Australian mobile operators can top up their wireless phones at more than 158 new e-pay retail locations of Franklins and TeleChoice.

Transact signs an agreement with debitel, the third largest provider of mobile-telephone services in Germany to provide e-top-up services. debitel’s clients can access Transact’s convenient e-top-up service at more than 4,500 electronic cash registers within debitel`s exclusive sales channels at all retail chain stores, which are subsidiaries of the Metro Group.

October  

Euronet signs software agreement with Surinaamse Postspaarbank, wherein the Bank will use Euronet’s ATM Management software to run their in-house ATM operations. The Bank with 5,500 customers will also use the software solution to interface to the recently announced national switch in Suriname.

Euronet processed approximately 129.9 million transactions during the third quarter 2004. 

July  

Euronet signs ATM outsourcing agreement with the Dhanalakshmi Bank Limited, a leading bank in South India for its network of 100 ATMs to Euronet India. It is the first South Indian bank to choose complete end-to-end ATM outsourcing and deployment services. The Dhanalakshmi Bank will also connect to Cashnet, a shared ATM network owned and operated by Euronet in India.

Euronet continues PaySpot expansion - acquires Call Processing, Inc. (CPI), a major distributor of prepaid wireless and other services to 30 convenience store chains in the U.S.  CPI distributes prepaid airtime for all the major U.S. wireless carriers, including ALLTEL, AT&T, Cingular, T-Mobile, Tracfone and Verizon, as well as several regional carriers.

Euronet processed approximately 108.7 million transactions during the second quarter 2004. 

June  

e-pay launches E Voucher service for 3, the U.K.'s first video mobile network. Customers of 3 can now top-up on ThreePay in thousands of outlets across the U.K., such as the Post Office, Esso service stations, as well as BP and TM Retail. E Vouchers replace scratch-off cards, which are more costly to handle and may have a high instance of theft.

Euronet signs ATM outsourcing projects for BA-CA subsidiaries (Bank Austria & Creditanstalt, member of HVB Group) in Slovakia and Serbia. Additionally, Euronet expands an HVB~Splitska Banka software agreement to support card issuing, ATM and POS services for HVB~Central Profit Banka in Bosnia and Herecegovina. These new and extended projects expand the cooperation between HVB and Euronet to seven countries, five outsourcing agreements and two software agreements. The HVB Group is one of the five biggest banks in Europe.

Euronet Software signs agreement to create a national switch in Suriname, enabling four of the largest banks of the country to share ATMs and POS devices. The national switch is the first of its kind in Suriname and will allow the four banks to establish a shared network to offer customers added convenience with its transactions.

May  

Euronet signs agreement to provide the solution for India’s national financial switch (NFS) by the Institute for Development and Research in Banking Technology (IDRBT), the technology arm of Reserve Bank of India. Euronet will provide a solution, which will create a neutral platform that enables banks to connect their own switches to the NFS.

Euronet acquires 10% shares of ATX Software Ltd., a provider of electronic prepaid voucher solutions headquartered in the U.K. ATX’s network and processing centers support approximately 14,500 devices and its customer base spans more than 20 countries, such as Belgium, Switzerland, Holland, China, among others.

April  

Euronet signs a multiyear ATM outsourcing and deployment agreement with Citibank India in Mumbai. Euronet will install 100 off premise ATMs for Citibank and the Bank is also a member of Euronet’s Cashnet shared ATM network for its existing ATMs and these off premise ATMs will be added to the network.

Euronet processed approximately 83.4 million transactions during the first quarter 2004.

February  

e-pay New Zealand, launches e-top-up services at approximately 240 Shell Select convenience store and petrol sites in New Zealand. Shell New Zealand Ltd is the third major oil company to join e-pay’s New Zealand prepaid network.

e-pay launches e-top-up services at U.K. Post Office Ltd, one of the largest retailers to offer e-top-up in the U.K. e-pay will provide e-top-up services in approximately 39,000 terminals in around 17,000 Post Office® branches across U.K.

Euronet signs a multiyear ATM outsourcing agreement with Development Credit Bank (DCB), a leading, medium-sized bank in India. Euronet will provide DCB with comprehensive ATM outsourcing and deployment solutions; value-added services, and its shared ATM network services for a total of 64 ATMs.

January  

PaySpot, Inc., acquires Prepaid Concepts, Inc. (Precept), a prepaid service provider via point-of-sale (POS) terminals in the U.S. With a strong presence in the independent wireless stores and check cashing retail channels, Precept has a distribution network of approximately 4,500 retail locations. The company distributes prepaid products for all the major U.S. wireless carriers, including ALLTEL, AT&T Wireless, Cingular, T-Mobile, Tracfone and Verizon Wireless. 

Euronet announces implementation of the Euronet Internet Banking system in three of Westpac Pacific Banking’s sites, including Fiji, Papua New Guinea and Vanuatu. Westpac operates across eight Pacific locations and has implemented other self-service offerings from Euronet including ATM, Debit Card, POS, Merchant, Telephone Banking and Bill Pay software solutions
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