Euronet Worldwide

Infobox_Company
company_name = Euronet Worldwide, Inc.
company_
company_type = Public (NASDAQ: EEFT)
foundation = 1994
location = Leawood, Kansas
key_people = Michael J. Brown (CEO), Kevin J. Caponecchi, Daniel R. Henry
industry = Financial Services, Electronic funds transfer, Retail
products =
revenue = $917.5 million (2007)
operating_income = $64.9 million (2007)
net_income = profit $53.5 million USD (2007)
assets = $1.886 billion (2007)
equity = $723.9 million (2007)
num_employees = 2,500
homepage = [http://www.euronetservices.com www.euronetservices.com]

Euronet Worldwide, EEFT (Nasdaq), is a global provider of electronic payment services. It offers automated teller machines (ATM), point of sale (POS) services, credit/debit card services, and other electronic financial services. [http://finance.yahoo.com/q/pr?s=EEFT EEFT - Profile] , Yahoo! Finance, Retrieved on May 14, 2008] The company was founded in 1994 and is headquartered in Leawood, Kansas by brothers-in-law Dan Henry and Mike Brown.

In 1998, Euronet purchased ARKSYS, a computer software company that specialized in electronic payment and transaction delivery systems. [Euronet to Expand Business and Product Line by Acquiring ARKSYS, [http://www.euronetworldwide.com/downloads/releases/Euronet_98-11-04.pdf Euronet - Press Release] , Retrieved on May 14, 2008]

Company operation

It operates in three segments: electronic funds transfer (EFT) processing, prepaid processing, and money transfer.

*The EFT processing segment provides outsourcing and network services to financial institutions and mobile phone companies. This segment provided these services with a network of approximately ATMs and POS terminals in Europe, Asia, and the Middle-East.

*The prepaid processing segment distributes prepaid mobile airtime, and other prepaid products and collections services for various prepaid products, cards, and services. This segment operates in a network of locations in the United States, Europe, Africa, Asia Pacific, and the Middle-East. It also provides prepaid long distance calling card plans, prepaid internet plans, prepaid debit cards, and prepaid gift cards, as well as prepaid mobile content, such as ring tones and games.

*The money transfer segment provides global money transfer and bill payment services primarily in North America, the Caribbean, Europe, and Asia-Pacific.

References

ee also

*List of companies involved with ATMs