Category Archives: GREECE

CARD SOFTWARE SUITE

Euronet
Worldwide, Inc., a leading provider of secure electronic
financial transaction solutions, announced the sale of a comprehensive
credit card software solution to ABC Professional Services, a Greece
credit and debit card processing company which is wholly owned by Piraeus
Bank,
one of the largest commercial and retail banks in Greece. The credit card
solution includes Euronet’s Integrated Transaction Management (ITM), Goldnet,
Credit Card, Debit Card, POS and Merchant Management Systems.
ABC will use Euronet’s solution to launch a “best-of-breed” credit and debit
card processing company to serve banks and credit card issuing retail
customers
in Greece and the surrounding region.

“Euronet’s integrated credit card solution will help us meet our goals,
quickly
and efficiently,” said Nikos Fountas, General Manager of ABC. “With Euronet’s
solution, ABC will provide an end-to-end payment card outsourcing solution
that
is superior to any offering in the region. We selected Euronet Worldwide
because of its high-quality products and its favorable reputation for
delivering superior professional services to customers.”

ABC has already contracted with its first and anchor credit card outsourcing
customer, Piraeus Bank, ABC’s parent company. Piraeus Bank has approximately
210 branches, more than 1 million active customers and more than 400,000
active
cards. The credit cards will be migrated to ABC, which will process them for
the Bank upon completion of Euronet’s credit card processing installation.
“Piraeus Bank is excited about the installation of Euronet’s solution at ABC
because Euronet’s ITM middleware integrates well with our AS/400-based MKI
Equation software and the IT architecture of the bank,” said Jannis Delis, IT
Director of Piraeus Bank. “This solution will enable us to improve the
services
we provide to our customers through faster and more efficient services, as
well
as through more modern and sophisticated product lines.”

ABC and Piraeus Bank represent two strategic partners for Euronet in Greece
and
the surrounding region. “ABC and Piraeus Bank are both acutely aware of the
benefits from fully integrated solutions, and their selection of Euronet’s
integrated transaction solution increases the competitive pressure on other
banks in the region to adopt similar solutions,” said Michael Brown, Euronet
Worldwide CEO and Chairman. “This partnership is a clear indication that
Euronet is quickly becoming the preeminent software and outsource solution for
banks and processors in developing and fully developed markets.”
As part of this software purchase and installation agreement, ABC and Euronet
will co-develop customized components for credit card processing to meet the
business requirements of the sophisticated Greek market, including flexible
installment payment services and interest rate calculators.
“The Euronet and ABC partnership will demonstrate the scalability and
feature-rich functionality of Euronet’s credit card solution required by
high-volume credit card processors,” said Jim Jerome, Managing Director and
Vice President of Euronet’s software division. “This agreement will ultimately
position ABC as the preferred credit card processor in Greece.”

About Euronet Worldwide

Euronet Worldwide is a global provider of secure electronic financial
transaction solutions. Euronet’s financial payment middleware, financial
network gateways, outsourcing and consulting services enable its customer
banks, financial institutions, and mobile operators to provide their clientele
access to personal financial information and to perform secure financial
transactions — any time, any place. Euronet’s Integrated Transaction
Management (ITM) secure payment technology, powers financial transaction
solutions for more than 200 clients in 60 countries as well as the company’s
processing centers located in the United States, Europe and Indonesia. The
company owns and operates the largest independent ATM network in Europe with
corporate headquarters in Leawood, Kansas, U.S.A., and European
headquarters in
Budapest, Hungary.

About ABC Professional Services

ABC has been providing integrated banking and treasury solutions as well as
commercial and financial applications and system integration services
utilizing
state-of-the-art technologies such as Oracle, Java and AS 400 in the Greek and
international market since 1982.
ABC intends to provide the preferred credit and debit card outsourcing
solution
to banks and loyalty-affinity and smart card issuing retailers in the region.