STRATEGIC PARTNERS
August 27, 2002
LEAWOOD, Kansas and SYDNEY, Australia -- Euronet Worldwide, Inc. (NASDAQ: EEFT) says it has signed a contract with Westpac Banking Corporation to provide Euronet ATM, debit card, point-of-sale and merchant and telephone banking software to the bank's Pacific operations.
The technology will be implemented in several new sites, including Vanuatu, Tonga, the Cook Islands, Samoa and the Solomon Islands. The agreement also includes the relicensing of the same software in the existing Fiji and Papua New Guinea sites.
The project will standardize Westpac Pacific Banking's IT and operational infrastructure across the region, and will serve Westpac's more than 500,000 customers over the seven Pacific island locations through a central contact point in Sydney, according to a news release.
Westpac's Fiji and Papua New Guinea locations have used Euronet's software since 1999, including ATM management, POS and merchant management, debit card system, telephone banking and bill payment. In early 2001, Euronet and Westpac helped standardize the national bill payment systems in these locations.
The software runs on the Integrated Transaction Management platform, Euronet's core middleware solution, which delivers electronic transactions in a secure environment.
