Euronet Drives ATMs inside UK Post Office Branches

Thursday 17 January 2002 21:22 CET | News

Euronet Worldwide, Inc., has contracted to drive merchant-replenished ATMs in Post Office branches throughout the United Kingdom.

This project is in addition to the full-service ATMs Euronet already operates in 65 Post Office branches. Initially, this comprehensive ATM solution will place merchant-replenished ATMs in approximately 130 Post Office branches, and the potential exists for many more future installations. Merchant-replenished ATMs are filled with cash provided by the operator of the retail site in which the ATM is located, thereby reducing the cost of operating and maintaining each machine. The concept has already been proven -- Euronet currently drives more than 70 merchant-replenished ATMs in other locations -- and Euronet plans to expand this Post Office Ltd. ATM program right away, with many locations currently under review. The Post Office serves over 28 million customers per week. The Post Office branch network is the largest retail chain in Europe, and on average, 95% of the UK population live within one mile of a branch. This contract will rapidly expand Euronets business in the United Kingdom. In July 2001 the company gained certification to drive ATMs in the UK from the LINK Interchange Network Limited, the national ATM network. Euronet is the first independent ATM operator and transaction processor to drive ATMs in the United Kingdom from a processing center located outside the UK. Transactions are driven from the Operations Center in Budapest, Hungary.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce