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Euronet History and Timeline
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| December |
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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.
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| November |
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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. |
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| October |
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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. |
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| July |
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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. |
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| June |
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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. |
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| May |
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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. |
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| April |
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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. |
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| February |
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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. |
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| January |
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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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