News

Euronet deploys Europe's first independent shared ADT network

May 24, 2012

Global Payments Provider Euronet Worldwide Inc. this week announced the deployment of Europe's first independent and shared automated deposit terminal (ADT) networks.

Euronet has already signed network participation agreements with several banks in Poland and Romania, which will allow customers to deposit cash into any Euronet branded deposit terminal in their respective country. The new independent deposit networks are the first to be operated with participation from multiple banks.

The new networks in Poland and Romania feature off-site ADTs located in high-traffic retail locations that have extended hours. The terminals allow real-time access to funds and a variety of deposit types, including account deposits and deposits for credit card or loan payments. Euronet expects to add additional transaction types in the future.

“The uniqueness of Euronet’s solution is the fact that its ADTs form the first Independent and Shared Network, which is not owned or operated by one specific bank," said Nikos Fountas, senior VP and managing director of Euronet's Europe EFT processing segment. "This … allows banks to expand their footprint without additional investment. Given the operational complexity and high cost to run ADTs (as compared to ATMs), it is imperative for banks to consider the business case for participating in an Independent and Shared ADT Network."

“We are pleased to cooperate with Euronet in this pioneering project in Poland," said Artur Owsianka, card center director at Alior Bank, one of the participating FIs. "With 230 proprietary ADTs currently located in our bank branches, we understand the value of automated deposits. Our decision to participate in Euronet’s ADT Network is driven by the need to extend automated deposit functionality beyond bank branches and enable customers to deposit and access their funds faster and easier than ever before." 

For more on this topic, visit the installation/deployment research center.