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Euronet Worldwide, Inc.
Type Public (NASDAQ: EEFT)
Founded 1994
Headquarters Leawood, Kansas
Key people Michael J. Brown (CEO), Kevin J. Caponecchi, Daniel R. Henry
Industry Financial Services, Electronic funds transfer, Retail
Revenue $917.5 million (2007)
Operating income $64.9 million (2007)
Net income $53.5 million USD (2007)
Total assets $1.886 billion (2007)
Total equity $723.9 million (2007)
Employees 2,500
Website www.euronetworldwide.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.[1] 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.[2]

Company operation

It operates in three segments: electronic funds transfer (EFT) processing, prepaid processing, and money transfer.[1]

  • 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

  1. ^ a b EEFT - Profile, Yahoo! Finance, Retrieved on May 14, 2008
  2. ^ Euronet to Expand Business and Product Line by Acquiring ARKSYS, Euronet - Press Release, Retrieved on May 14, 2008

See also

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