Euronet Worldwide, Inc., a leading provider of secure electronic financial
transaction solutions, announced the launch of mobile banking services for
Banca Comerciala Romana, the largest commercial and retail bank in Romania.
BCR, which serves more than 2.5 million customers through 4 million
accounts across 275 branches, chose Euronet Mobile Banking to expand its
current services to accommodate customers who need any-time, any-place
access to their accounts. The product offers BCR customers personalized
messages regarding their accounts, as well as the ability to access
accounts directly from their mobile phone. Euronet implemented this
solution by pairing Romania’s largest bank with the country’s largest GSM
operator, MobiFon. In addition to this new service, BCR also uses Euronet’s
Integrated Transaction Management, ATM Management, Point-of-Sale (POS)
Management, Debit Card and Credit Card systems.
“Euronet is BCR’s only vendor for all of our card and electronic
transaction related applications,” said Mr. Ion Matei, BCR Card Director.
“We regard them as partners and trusted advisors, and I am confident that
they have the expertise and resources to deliver more products, such as
distribution of GSM e-Vouchers and Bill Payment at our ATMs — in a timely
an professional manner.”
BCR’s mobile offering includes Euronet Event Messaging and Euronet
Account Access services. With Event Messaging, the bank communicates
directly with the customer by sending account activity alerts, such as
real-time notification of debit card ATM and POS transactions.
Additionally, the bank can send messages to clients, advertising new
services or notifying them that cards are being delivered. Account Access
enables a customer to query their bank for account information, such as a
balance or a ministatement, and to perform functions, such as intra-bank
transfer even across different currencies and lost/stolen card notifications.
“We are excited about the Euronet Mobile Banking launch,” said Matei.
“The mobile offering helps us to provide the most sophisticated services to
our customers in an easy-to-use package. This innovative solution has
multiple, user-configured features that make it unique in the Romanian
marketplace. It enhances our existing remote banking services and clearly
differentiates us from our competitors. And, the service was fully
implemented and tested in less than 30 days — this project was a huge
“BCR is a great partner in an exciting position,” said Michael Brown,
Euronet Worldwide Chairman and CEO. “With the bank’s substantial customer
base, this mobile banking project could enable BCR not only to quickly
surpass the banking competition within Romania, but also to launch BCR as a
technology leader in all of Europe. Mobile banking is the first step to a
comprehensive m-commerce program. These mobile projects help Euronet
increase its mobile reach and our electronic transactions volume.”
Euronet Mobile Banking and Event Messaging products enable a secure
mobile commerce solution using leading-edge technology, such as Java, XML
and Weblogic on a Windows NT platform. Euronet’s Integrated Transaction
Management enables financial institutions to seamlessly integrate their
remote banking programs — allowing ATM, POS, Telephone, Internet and
Mobile to be implemented easily and affordably as the company grows.
About Euronet Worldwide
Euronet Worldwide is an industry leader in providing secure
electronic financial transaction solutions. The company offers financial
payment middleware, financial network gateways, outsourcing and consulting
services to financial institutions and mobile operators. These solutions
enable their customers to access personal financial information and perform
secure financial transactions — any time, any place. The company has
processing centers located in the United States, Europe and Asia, and owns
and operates the largest independent ATM network in Europe. Euronet was
recently ranked number two on the Deloitte & Touche Technical Fast 500, a
ranking of the fastest growing technology companies in North America. With
corporate headquarters in Leawood, Kansas, USA, and European headquarters
in Budapest, Hungary, Euronet serves more than 200 clients in 60 countries.
Visit our web site at www.euronetworldwide.com.
About Romanian Commercial Bank
Banca Comerciala Romana is the largest commercial and retail bank in
Romania. BCR has more than 4 million accounts, well over 500,000 debit
cards issued, a network of 330 ATMs and 275 branches located throughout
Romania. The Romanian Commercial Banks holds over 30% of the national
credits and deposits market. As of December 31, 2000, the BCR Group
reported $2,957 million in total assets and a net annual profit of $102
million. In 2000, the prestigious British magazine The Banker (a member of
the Financial Times Group) awarded BCR the title of “Bank of the Year in