Euronet gets ATM outsourcing deal with Slovakian bank

Euronet gets ATM outsourcing deal with Slovakian bank
Tags: Bank / Credit Union
September 12, 2002

BRATISLAVA, Slovakia & LEAWOOD, Kan. -- Euronet Worldwide (Nasdaq:EEFT) will provide ATM outsourcing to Tatra Banka a.s., the third-largest bank in Slovakia. A wholly owned subsidiary of Austria's Raiffeisen Bank, Tatra Banka is the largest Raiffeisen operation outside of Austria.

Tatra Banka provides services for more than 470,000 Slovakian customers across 88 branches. Under terms of the multiyear outsourcing agreement, Euronet will provide ATM driving, transaction routing and settlement/reporting for the bank's approximately 120 ATMs.

Tatra Banka represents Euronet's third ATM outsourcing agreement with a Raiffeisen subsidiary in central Europe. Tatra Bank follows Raiffeisenbank Austria d.d. in Croatia and Raiffeisen Bank Rt. in Hungary. It is Euronet's first project in the Slovakian market.