Euronet Worldwide, Inc., a leading provider of secure electronic financial
transaction solutions, announced the launch of an ATM outsourcing program
with MultiBank, a retail banking initiative of BRE Bank S.A. in Warsaw, Poland.
Under the multiyear agreement, both parties will benefit from
increased revenue and transaction volume. Euronet will install and manage
approximately 50 ATMs located at the premises of MultiBank.
“The co-operation with Euronet enabled us to limit the necessary
investment costs and introduce a solution considered indispensable to the
Bank’s strategy in a very short time,” said Vice-President of BRE Bank
S.A., Slawomir Lachowski. “Apart from costs resulting from procurement of
the equipment and creation of the necessary infrastructure, we have also
avoided having to develop our organization background.”
In November 2000, BRE Bank S.A. launched the first Internet Banking
program in Poland, called mBank, which has gained more than 100,000
customers. mBank has participated in Euronet’s independent ATM network,
enabling mBank customers to use Euronet-branded ATMs for electronic
transactions free of charge.
Euronet’s ATM network consists of 669 ATMs in Poland and 2,400 ATMs
across nine countries in Europe. Additional software and/or network clients
in Poland include banks such as: Bank Slaski S.A., Millennium, Citibank,
Fortis, Deutsche Bank 24, Inteligo, LG Petro Bank S.A. and mobile phone
operators ERA, Centertel and PLUS GSM.
“It’s exciting to partner with clients like BRE Bank S.A. that
recognize the advantages of outsourcing to Euronet,” said Michael Brown,
Chairman and CEO of Euronet Worldwide. “I am convinced that MultiBank will
be as successful for BRE Bank as mBank was. We are proud that we can help
dynamic financial institutions such as BRE Bank achieve the leading
position in their markets.”
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.
MultiBank, a project implemented within Retail Banking of BRE Bank
S.A., will start servicing individual customers as early as September 2001.
The Bank’s offer is mainly addressed to demanding, active and ambitious
people with high professional and private aspirations. Apart from standard
bank products, such as savings-and-clearing accounts, a range of deposits
and credits, and payment cards, MultiBank will also offer consultancy and
services of companies belonging to the BRE Bank Capital Group, including
participation units of investment funds or the possibility to join a