News & Press Releases

24 July 2007

Moneris Solutions Implements Euronet Essentis Merchant Acquiring System

LEAWOOD, KANSAS and WATFORD, ENGLAND — July 24, 2007 — Euronet Worldwide’s (Nasdaq: EEFT) subsidiary, Euronet Essentis, a leading international provider of Card Issuing and Merchant Acquiring solutions, today announced that Moneris Solutions, the merchant processing joint venture between Royal Bank of Canada and Bank of Montreal, is live with Essentis Acquirer. 

The live conversion was successfully completed on June 1st, following a major integration project for the complete replacement of the Moneris back-end processing platform.   The solution included a migration in excess of 480,000 merchants and processes an average daily transaction volume of 7.5 million.   

Moneris provides businesses with technologically advanced, easy to use, point-of-sale solutions designed to electronically process and authorize credit and debit card transactions, including customized loyalty card transactions. Through the use of the Essentis Acquiring solution, Moneris’ leveraged leading-edge technology to help their merchants streamline payment processing and improve business efficiency. 

Jeff Guthrie, Chief Operating Officer of Moneris Solutions, said “We chose Essentis Acquirer because of its wide range of functionality. By converting our portfolio and operations to the Essentis Acquirer solution we can achieve greater operational efficiency and meet the changing needs of the marketplace.  We are particularly pleased that the migration of our large merchant base was accomplished without any disruption in service. This successful implementation is a reflection of the strength of Moneris’ partnership with Euronet.”  

“Moneris Solutions required a highly flexible and sophisticated processing solution to support its back-office merchant acquiring activities,” commented Cindy Ashcraft, Managing Director of Euronet Software Segment. “The Essentis Acquirer module provides that solution, giving Moneris Solutions unrivalled functionality to support their business expansion.”   

Essentis Acquirer is a robust, internationally designed, and platform independent solution, with multi-currency, multi-language and multi-institution capabilities. A state-of-the-art solution, it provides the ability to address the latest market trends, such as dynamic currency conversion (DCC), revenue sharing, interchange-plus pricing and cross-border acquiring. Essentis Acquirer combines both technology and innovation, enabling clients to exploit new delivery channels, reduce time to market, and compete in a cost efficient manner. 

About Euronet Worldwide:

Euronet Worldwide is an industry leader in processing secure electronic financial transactions. The Company offers outsourcing and consulting services, integrated EFT software, network gateways, electronic prepaid top-up services to financial institutions, mobile operators and retailers, as well as electronic consumer money transfer and bill payment services. Euronet operates and services the largest pan-European group of ATMs and operates the largest Indian shared ATM network. Euronet is also one of the largest providers of prepaid processing, or top-up services, for prepaid mobile airtime. Additionally, with the completion of the acquisition of Ria Envia Inc. in April 2007, Euronet has established itself as the third-largest global money transfer company.  

The Company has processing centers located in the U.S., Europe and Asia, and processes electronic top-up transactions at more than 356,000 point-of-sale terminals across more than 186,000 retailers in Europe, Asia Pacific, Africa and the U.S. With corporate headquarters in Leawood, Kansas, USA, and 26 worldwide offices, Euronet serves clients in approximately 100 countries. Visit the Company’s web site at www.euronetworldwide.com.

Euronet’s Software Division provides software solutions that serve more than 300 client installations in over 60 countries.  Euronet ITM and Essentis suite of products delivers integrated solutions for self-service banking, transaction management, card issuing, merchant acquiring, mobile commerce and payment processing objectives.

For more information about the Essentis Product suite please visit www.essentis.com. 

About Moneris Solutions: 

As one of North America's largest providers of payment processing solutions, Moneris offers credit, debit, wireless and online payment services for merchants in virtually every industry segment and processes more than 2.3 billion transactions annually. Through its Ernex division, Moneris offers electronic loyalty and stored-value gift card programs. With more than 350,000 merchant locations, Moneris provides the hardware, software and systems needed to improve business efficiency and manage payments. For more information please visit www.moneris.com.

For more information please contact:

Mr Jeff Guthrie, Chief Operating Officer
Moneris Solutions
+416.734.1281
jeff.guthrie@moneris.com

Ms Lisa Hills
Essentis Limited
+44-1923-422476
lhills@essentis.com