{"id":405118,"date":"2020-12-23T09:03:16","date_gmt":"2020-12-23T14:03:16","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=405118"},"modified":"2020-12-23T09:03:16","modified_gmt":"2020-12-23T14:03:16","slug":"euronet-worldwide-inc-acquires-bank-of-irelands-non-branch-atm-fleet","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/euronet-worldwide-inc-acquires-bank-of-irelands-non-branch-atm-fleet\/","title":{"rendered":"Euronet Worldwide, Inc., Acquires Bank of Ireland\u2019s non-branch ATM fleet"},"content":{"rendered":"
\n

LEAWOOD, Kan., Dec. 23, 2020 (GLOBE NEWSWIRE) — Euronet Worldwide, Inc. (NASDAQ: EEFT), a leading global electronic payments provider, has announced the acquisition\u00a0of Bank of Ireland\u2019s entire fleet of non-branch ATMs in the Republic of Ireland.\u00a0\u00a0<\/p>\n

Under terms of the agreement, Euronet will acquire 700 non-branch ATMs while the bank will still own and operate more than 750 ATMs located across its extensive branch network. The transfer of ownership to Euronet is planned for Feb 28, 2021.\u00a0<\/p>\n

Euronet will assume full responsibility for managing the acquired ATM network and integrating it with the company\u2019s existing ATM estate in the Republic of Ireland. In addition, Euronet plans additional investments to upgrade and enhance the ATMs with modern technology and new functionality to the benefit of consumers.<\/p>\n

No disruption in the operation of these ATMs is planned, ensuring seamless migration to Euronet systems and business continuity. The acquired ATM Network will be re-branded with Euronet branding elements.<\/p>\n

\n Purchase Results from Euronet\u2019s ATM Asset Acquisition Program<\/strong>\n <\/p>\n

The Bank of Ireland agreement is part of Euronet\u2019s strategy to consolidate ATMs in response to the numerous banks who are strategically reviewing their ATM networks for operational efficiencies while also investigating ways to expand\u00a0product offerings. With its innovative ATM Asset Acquisition Program, Euronet offers banks a strategic path for divestment of its ATM networks, securing business continuity, increasing customer reach, and providing more services for their customers. The ATM Asset Purchase Program also includes\u00a0full-scale\u00a0ATM outsourcing services that\u00a0cover\u00a0the complete value chain of ATM operations.<\/p>\n

\n Euronet\u2019s REV Payments Cloud to Manage Growing ATM Network<\/strong>\n <\/p>\n

The acquired Bank of Ireland non-branch ATM fleet will be fully integrated into Euronet\u2019s existing ATM network in the country and centrally managed with\u00a0the company\u2019s\u00a0REV\u00ae<\/sup> Payments Cloud<\/strong>\u00a0core processing platforms and infrastructure.\u00a0<\/p>\n

REV is part of Euronet\u2019s state of the art REN\u2122 Ecosystem, which provides advanced payments processing and services from a private cloud in Euronet\u2019s worldwide data centers. REN and REV encompass the latest in payments innovations and provide gateways to fintech products and services, advancing the company to the forefront of our industry. Bridging the gap between digital and physical transactions, Euronet\u2019s omnichannel products and services, together with the company\u2019s rapidly expanding alternative global payout capabilities, provide unprecedented consumer choice.<\/p>\n

Through the API-driven architecture of REV, Euronet plans the swift migration of these new ATM Assets into its unified ATM network in the country with services that span from ATM device driving to the full value chain of ATM operations with the highest security and availability standards. Furthermore a host of new services such as cash deposits, multicurrency dispenses, contactless features, card-less cash transactions, money transfers\u00a0and many more features will be enabled through REV to enhance the functional and value potential of Euronet\u2019s global ATM networks. \u00a0These new products are managed with the support of Euronet\u2019s Global Competence Centers, ensuring operational excellence and more value to the company\u2019s customers.\u00a0<\/p>\n

\n \u201cWe are excited to further increase our Independent ATM Network in Ireland, with the acquisition of Bank of Ireland\u2019s fleet of non-branch ATMs,\u201d <\/em>
\n said Marek Szafirski, Managing Director, Financial Institutions Solutions and Technology, EFT Europe<\/strong>
\n
\n .<\/em>
\n <\/strong>
\n \u201cThis proves our strategy of being a catalyst of the ATM consolidation\u00a0with our extended presence globally. We have the\u00a0technology, the\u00a0resources, the knowledge and a solid value proposition\u00a0that places us in the forefront of payments innovation. These offerings are made available for banks\u00a0wishing to\u00a0compete in the new challenging market conditions.\u201d<\/em>\n <\/p>\n

\n About Euronet Worldwide, Inc.<\/strong>\n <\/p>\n

Euronet Worldwide\u00a0is an industry leader in processing secure electronic financial transactions. The Company offers payment and transaction processing solutions to financial institutions, retailers, service providers and individual consumers. These services include comprehensive ATM, POS and card outsourcing services, card issuing and merchant acquiring services, software solutions, cash-based and online-initiated consumer-to-consumer and business-to-business money transfer services, and electronic distribution of digital media and prepaid mobile phone time.<\/p>\n

Euronet’s\u00a0global payment network is extensive – including 43,956 ATMs, approximately 324,000 EFT POS terminals and a growing portfolio of outsourced debit and credit card services which are under management in 61 countries; card software solutions; a prepaid processing network of approximately 717,000 POS terminals at approximately 328,000 retailer locations in 55 countries; and a global money transfer network of approximately 447,000 locations serving 159 countries. With corporate headquarters in\u00a0Leawood, Kansas, USA, and 66 worldwide offices,\u00a0Euronet\u00a0serves clients in approximately 175 countries. For more information, please visit the Company’s website at\u00a0www.euronetworldwide.com<\/a>.<\/p>\n

\u00a0<\/p>\n


\n
\n \n <\/div>\n

\n
Contact\r\n\r\nStephanie Taylor\r\nDirector of Financial Planning and Investor Relations \r\nEuronet Worldwide, Inc.\r\n+1-913-327-4200\r\nstaylor@euronetworldwide.com<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
LEAWOOD, Kan., Dec. 23, 2020 (GLOBE NEWSWIRE) — Euronet Worldwide, Inc. (NASDAQ: EEFT), a leading global electronic payments provider, has announced the acquisition\u00a0of Bank of Ireland\u2019s entire fleet of non-branch ATMs in the Republic of Ireland.\u00a0\u00a0 Under terms of the agreement, Euronet will acquire 700 non-branch ATMs while the bank will still own and operate more than 750 ATMs located across its extensive branch network. The transfer of ownership to Euronet is planned for Feb 28, 2021.\u00a0 Euronet will assume full responsibility for managing the acquired ATM network and integrating it with the company\u2019s existing ATM estate in the Republic of Ireland. In addition, Euronet plans additional investments to upgrade and enhance the ATMs with modern technology and new functionality … <\/p>\n
Continue reading “Euronet Worldwide, Inc., Acquires Bank of Ireland\u2019s non-branch ATM fleet”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-405118","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nEuronet Worldwide, Inc., Acquires Bank of Ireland\u2019s non-branch ATM fleet - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/euronet-worldwide-inc-acquires-bank-of-irelands-non-branch-atm-fleet\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Euronet Worldwide, Inc., Acquires Bank of Ireland\u2019s non-branch ATM fleet - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"LEAWOOD, Kan., Dec. 23, 2020 (GLOBE NEWSWIRE) — Euronet Worldwide, Inc. (NASDAQ: EEFT), a leading global electronic payments provider, has announced the acquisition\u00a0of Bank of Ireland\u2019s entire fleet of non-branch ATMs in the Republic of Ireland.\u00a0\u00a0 Under terms of the agreement, Euronet will acquire 700 non-branch ATMs while the bank will still own and operate more than 750 ATMs located across its extensive branch network. The transfer of ownership to Euronet is planned for Feb 28, 2021.\u00a0 Euronet will assume full responsibility for managing the acquired ATM network and integrating it with the company\u2019s existing ATM estate in the Republic of Ireland. 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