Euronet & HVB Group expands cooperation

Wednesday 16 June 2004 08:33 CET | News

Euronet Worldwide has signed an ATM outsourcing projects for BA-CA subsidiaries (Bank Austria & Creditanstalt, member of HVB Group) in Slovakia and Serbia.

Additionally, Euronet announces an expansion of an HVB~Splitska Banka software agreement to support card issuing, ATM and POS services for HVB~Central Profit Banka in Bosnia and Herecegovina. The HVB Group is one of the five biggest banks in Europe. These new projects expand the cooperation between HVB and Euronet to seven countries, five outsourcing agreements and two software agreements. Euronets ability to offer both software and outsourcing provides a unique advantage, enabling HVB to meet local market needs across regions while maintaining consistency in the platform and functionality. In Slovakia, Euronet will takeover 25 existing ATMs for HVB Bank Slovakia a.s., primarily located in bank branches, and will launch 25 off-branch locations within six months. The parties plan to expand the number of off-branch locations to 100 in the next 12 to 18 months. In Serbia, Euronet will support HVB Bank Serbias existing ATM network at seven branches, which the bank plans to expand in 2004. HVB~Splitska Banka is leveraging its investment in Euronets Integrated Transaction Management (ITM) Software by providing services to HVB~Central Profit Banka. The Euronet ITM Software will facilitate the operation and management of POS and ATM devices in neighboring Bosnia. In addition, Euronet Software operated by HVB~Splitska Banka will be used to issue debit and credit cards to HVB~Central Profit Banka accountholders and for merchant acquiring. In the dynamic markets of Central and Eastern Europe, HVB Group operates the largest banking network with subsidiaries in 15 countries. HVB serves approximately 3.3 million customers in more than 950 branch offices in Central and Eastern Europe. HVB Group has thus established itself as the leading network bank in this region.

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Categories: Payments & Commerce | Payments General
Countries: World
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Payments & Commerce