STRATEGIC PARTNERS
February 26, 2002
WARSAW, Poland and LEAWOOD, Kansas -- Euronet Worldwide, Inc. (NASDAQ: EEFT) and Deutsche Bank 24 S.A have extended their ATM outsourcing contract for another five years. Under the agreement, Euronet will manage the bank's entire network in Poland, providing all ATM driving, transaction routing, settlement/reporting and card management tasks for the bank's branch and off-premise ATMs.
Deutsche Bank 24 also expanded the transaction sets at its ATMs, adding bill payment solutions and prepaid airtime recharge from all three mobile operators in Poland - Plus GSM, ERA GSM and Centertel.
Friedhelm Herb, president of the board and chief executive officer at Deutsche Bank 24 S.A., said, "Our customers want integrated solutions and freedom of choice in their banking as well as access to branch-based, mobile and online services. Our ongoing relationship with Euronet, therefore, is integral to expanding our customers' ability to choose as we introduce bill pay and other new services to Poland."
Launched in Poland last July, Deutsche Bank 24 S.A., formerly known as BWR (Bank Wspólpracy Regionalnej), has more than 40 outlets in Poland. Deutsche Bank Group provides banking services to more than 12 million personal banking customers in Germany, Italy, Spain, Portugal, Belgium and Poland under the Deutsche Bank 24 brand name and business model.
Euronet already outsources card services for Deutsche Bank 24 S.A., managing the daily issuance of debit and charge card transactions and providing the bank with a gateway to the Visa network, as well as communication with local card organizations such as Polcard.
"Poland is a growing market with enormous potential, where an increasing number of institutions are choosing to outsource the management of their ATM networks," said Daniel R. Henry, Euronet Worldwide president and chief operating officer. "Since introducing our ATM network to Poland in 1995, we have become the leading provider of secure financial transaction solutions in the country."
