The acquisition will strengthen Euronet Worldwide position in providing financial institutions and merchants a powerhouse of comprehensive and flexible payment processing services including EFT processing, network transaction processing and full service customer support and processing for credit and debit card portfolios. Essentis is a modular solution with multi-currency, multi-language and multi-institution capability built-in, its powerful product definition capability, flexible transaction pricing and billing parameters enable the rapid introduction of new products, offers and promotions. Its architecture facilitates easy integration with other bank systems such as network switches, web platforms and call centres. Essentis captures the business benefits of new technical developments, providing consumers with better and more accessible payment products. Since Essentis was first introduced in 2000, its customer base boasts some of the largest banking and merchant acquiring organizations in the world today, it has been implemented by major international banks such as ABNAMRO in Netherlands and UBS in Switzerland.
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