|
 Enhancements
to Euronet Internet Banking
Euronet Internet Banking (EIB) solution now offers
comprehensive functionality for Euronet's Integrated Credit
Card System (ICCS) and these enhancements will now be available
as a robust benefit to all ICCS clients.
The architectural improvements made to Euronet's Integrated
Transaction Management (ITM) allow EIB to access a core accounting
systems for checking/savings accounts and simultaneously
access ICCS for credit accounts. Interfaces to other types
of card issuing systems can also be accommodated.
EIB Functionality
The following are some key EIB features presented
to the user relating to account inquiry and account history:
| Account Inquiry |
Account History |
| > |
Amount and date of last payment |
> |
Research current and past account activity |
| > |
Cycle to date debits and credits |
> |
Current cycle transactions |
| > |
Fees |
> |
Displays unbilled transactions |
| > |
Returns |
> |
List of statement cycles/periods |
| > |
Outstanding authorizations |
> |
Statement history |
| > |
Available balance |
|
|
This functionality is not limited to just information
display for an Internet banking user. EIB also provides
the user the convenience and power to carry out the following
financial transactions online:
- Make payment towards an ICCS credit card account from
a checking/savings account in the core accounting system
- Bill payment from an ICCS credit card account (*with
Euronet bill pay solution)
- Transfer funds from an ICCS credit card account to
a checking/savings account via a cash advance transaction
 Enhancements
to Euronet Telephone
Banking
Similar to EIB, Euronet Telephone Banking (ETB)
now offers comprehensive functionality for Euronet's Integrated
Credit Card System (ICCS), which will be available as a
robust benefit to all ICCS clients. While the standard
EIB & ETB solutions are designed to run immediately
on ICCS, this functionality interfaces with other card
issuing systems.
ETB Functionality
The following are some key ETB features voiced
over to the user when an account inquiry and/account history
services are performed:
| Account Inquiry |
Account History |
| > |
Current balance |
On last 10 transactions:
|
| > |
Available balance |
> |
Transaction date |
| > |
Minimum payment due |
> |
Posting date |
| > |
Payment due date |
> |
Transaction type |
| > |
Amount and date of last payment |
> |
Amount of transaction (posting amount) |
| > |
Cycle to date purchases |
|
|
| > |
Credit limit |
|
|
From a financial transactions perspective, the new ETB
functionality enables users to make the following payments
via the telephone:
- Payments towards credit cards
- Bill payment using credit cards
- Transfer from credit cards in the form of cash advance
Combined with the recent addition of card activation
and hot carding via Euronet Internet and Telephone Banking,
the above ICCS integration and functionality demonstrates
Euronet's continual product investment and commitment to
providing its clients powerful retail banking solutions.
If you would like more detailed information on the new functionality
aspects of EIB and ETB, please contact your sales representative
Euronet MasterCard Chip (M/Chip) Issuer and Acquirer Programs
The Euronet M/Chip
Issuer and Acquirer Programs provide integration of Europay
MasterCard VISA (EMV) chip processing standards with the
existing MasterCard Online and Bulk File processing programs.
Euronet Chip Support Program contains M/Chip support for
both Integrated Credit Card System (ICCS) and the Card
Management System (CMS).
Key Euronet M/Chip Issuer Functionality
- Chip program support for online and offline transaction
handling
- Messages contain all required EMV data for cryptogram
verification processing
- Online card and issuer authentication
- Supports card and issuer cryptogram validation during
the authorization process
- Captures and stores chip related data for validation,
reporting, clearing, research, processing and authentication
- upports the generation and transmission of post issuance
scripts during online transaction processing for:
- Card activation
- Card blocking
- Offline limit modification
- Reset PIN
- Allow PIN change offline
- Block/unblock applications
- Put data—Allows changes to offline limits
and currency conversion attributes of the chip card
EMV-related security services performed by the Euronet
M/Chip issuer program include:
- Verification of the Authorization Request Cryptogram
(ARQC) required for online card authentication
- Generation of the Authorization Response Cryptogram
(ARPC) required for online issuer authentication
- Processing according to predefined risk management
parameters
- MasterCard standard risk mitigation and security process
integrated with ITM and the M/Chip Issuer Program
Key Euronet M/Chip Acquirer Functionality- Device
support for POS capable of communicating in ISO-8583
message format with EMV required data and ATM devices
supporting the M-Chip program of MasterCard
- Device drivers accept, transmit, process and report
acquired transactions from supported devices
- Supports transmission of post issuance scripts during
online transaction processing
- M/Chip program support for online and offline transaction
handling
- Supports M/Chip programs for MasterCard Online and
Bulk File processing depending upon region
- Messages contain all required EMV data for cryptogram
verification
- Captures and stores chip related data for validation,
reporting, clearing and research
- Forwards post issuance scripts for:
- Card activation
- Card blocking
- Offline limit modification
- Reset PIN
- Allow PIN change offline
- Block/unblock applications
- Put Data—Allows changes to offline limits
and currency conversion attributes of the chip card
If you would like more detailed information on Euronet
M/Chip issuer and acquirer products, please contact your
sales representative or account manager.
Euronet Introduces Integrated
Prepaid Solution
Euronet Worldwide announces Integrated Prepaid Solution (IPS), its
latest software offering available in 2005. This new offering will allow banks
to increase their market share by introducing new products such as the prepaid
bank card to serve growing customer needs and to convert traditional cash and
check transactions to electronic transactions.
According to Time Magazine, last year prepaid
card sales were around $45 billion and in 2006 sales
are expected to hit $90 billion; the average amount spent
on prepaid cards by customers is around $150-$200 per
year. As the card market shows no slowing in this sector,
banks in all regions will soon offer some type of solution
in order to remain competitive and capture their market
share.
With Euronet's new offering, banks can now leverage the
prepaid card opportunity by selling branded prepaid bank
cards, not only at their own branches, but via grocery
stores, shopping malls and over the Internet. Some key
features of Euronet's IPS are ATM and Internet access,
reload facility and permitting transfer of funds to other
cards or individuals. The ability to reload prepaid cards
enables banks to foster repeat business and can add an
enormous amount of recurring revenues to the banks bottom
line.
Euronet's IPS offers a comprehensive package
for card production and processing. This solution delivers
the means to offer prepaid cards in a timely manner that
is not only cost effective but also secure.
Key additional benefits to offering an integrated prepaid
solution are:
- Allows banks to gain new customers and increase
revenue opportunities with existing customers
- Builds customer loyalty
- Markets previously "unbanked" customers
- Helps strengthen relationships with customers
- Increases brand awareness
- Convenience for the merchant
- Convenience for the customer
- Reduces cash and check transaction volumes
Our design and development teams have been able to
not only leverage our industry card knowledge but also
Euronet's Integrated Transaction Management® (ITM).
This centralized engine provides multiple delivery systems
and vendor interfaces. The ITM engine ensures absolute
consistency and control across multiple customer touchpoints
including a broad range of transaction management solutions
using a single core interactive gateway. Our world-renowned
ITM infrastructure significantly reduces our time to
market new solutions to our customers. Additionally,
this approach leverages many of our current components
resulting in a compelling cost of entry for our current
clients.
Our pre-release pricing for Euronet's Integrated
Prepaid Solution will be available by January 31, 2005.
Euronet
Software Markets ATM Manager Pro
Euronet now offers ATM Manager Pro from e-ClassicSystems. ATM Manager Pro will
integrate with Euronet ATM Management Software or any third-party ATM driving
solution to consolidate transaction warehousing and reporting. Implementing ATM
Manager Pro enables consolidated:- ATM asset configuration and compliance
tracking
- Transaction analysis from any ATM driving solution
- Financial statements on each ATM to manage costs
- Interchange revenue verification to audit networks
- Cash optimization to minimize expense
- Accurate cash settlement tracking
- ATM event and project management
- Surcharge-free program reporting and financial
analysis
- Integration with legacy systems to streamline
operations
- Historical information to satisfy auditors
Major Benefits of installing ATM Manager
Pro
- Most organizations experience a full return
on investment (ROI) in less than 12 months
- Improves efficiency and communication among
departments
- Aggregates data to simplify reporting and analysis
on transaction trends, underperforming locations,
profitability among others
- Creates audit-level record keeping for ATM information
- Analyzes and improves total ATM network performance
If you would like more detailed information on ATM
Manager Pro, please contact your sales representative
or account manager. |
