Euronet Worldwide

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Euronet Worldwide, Inc.
Company typePublic
NasdaqEEFT
IndustryFinancial Services, Electronic funds transfer, Retail
Founded1994
HeadquartersLeawood, Kansas
Key people
Michael J. Brown (CEO), Kevin J. Caponecchi, Daniel R. Henry
RevenueIncrease $1413.1 million (2013)
Increase $118.4 million (2013)
Increase $87.5 million USD (2013)
Total assetsIncrease $1.598 billion (2013)
Total equityIncrease $638.4 million (2013)[1]
Number of employees
4,100
Websitewww.euronetworldwide.com

Euronet Worldwide 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.[2] 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.[3]

On January 23, 2002, Euronet Worldwide announced the formation of a joint venture with Hong Kong-based First Mobile Group Holdings Limited.[4]

Company operation

It operates in three segments: electronic funds transfer (EFT) processing, prepaid processing, and money transfer.[2]

  • 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.

See also

References

  1. ^ Euronet Worldwide Reports Fourth Quarter and Full Year 2013 Financial Results, Retrieved on February 22, 2014
  2. ^ a b EEFT - Profile, Yahoo! Finance, Retrieved on May 14, 2008
  3. ^ Euronet to Expand Business and Product Line by Acquiring ARKSYS, Euronet - Press Release, Retrieved on May 14, 2008
  4. ^ "Euronet Forms Asian Joint Venture with First Mobile Group".