Euronet is continuing to grow its ATM network
across Europe.
It has now partnered with Ikano Bank to
provide outsourcing services for the German-based bank’s ATMs.
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This is the first outsourcing agreement for
Euronet in Germany – Euronet’s second largest ATM market.
The contract will allow Euronet to operate any
additional ATMs that may be deployed in new IKEA stores in the
future in addition to providing outsourcing services in IKEA’s 48
locations.
Euronet said providing outsourcing services in
Germany allows banks to leverage the operations and infrastructure
costs of off-site ATM deployment.
Euronet said banks will be able to reduce
their cost structure while delivering broader ATM access and more
transaction choice to their customers.
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By GlobalDataAlfred Stettberger, managing director of
Euronet Germany, said:
“This first outsourcing contract for Euronet
Germany demonstrates that banks see the advantage of working with a
partner who, in addition to delivering classic ATM services, is
also able to go a step beyond and provide a rich portfolio of value
added offerings – a key differentiator for Euronet.”
The roll-out of the new ATMs has started and
will be completed before the end of 2011.
