MultiBank/BRE Bank Selects Euronet for ATM Outsourcing
MultiBank/BRE Bank Selects Euronet for ATM Outsourcing
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., S³awomir 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 2400 ATMs across nine countries in Europe. Additional software and/or network clients in Poland include banks such as: Bank Œl¹ski 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.
About MultiBank
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 pension fund.
Contacts:
Media Contact:
Misti Garffie
Euronet Worldwide
913-327-4257
mgarffie@payspot.com