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Croatian bank outsources POS program to Euronet

December 10, 2001

ZAGREB, Croatia & LEAWOOD, Kan. -- Euronet Worldwide has signed a multiyear point-of-sale outsourcing agreement with Raiffeisenbank Austria d.d., which was voted the best bank in Croatia in year 2000 by the Croatian Chamber of Commerce.

Euronet has provided ATM outsourcing for Raiffeisenbank since 1998 and operates 80 ATMs at the bank's 16 branches and off-site locations across Croatia.

According to a news release, Raiffeisenbank will combine Euronet's POS Outsourcing and Euronet Integrated Merchant Management software to expand a new corporate banking program in which the bank provides card services to merchants and retailers.

"This outsourcing project is enabling Raiffeisenbank to meet the needs of our corporate clients and the ever increasing card market," said Zdenko Adrovic, Raiffeisenbank president of the bank's Management Board. "Based on our experiences with Euronet, I am confident that this project will be quickly and smoothly integrated with our ATM and Visa/Europay outsourcing programs."

Euronet's outsourcing programs can include debit and credit card processing, prepaid mobile phone recharge services, electronic bill presentment and payment and web-enabled ATM applications, according to the release.


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