LEAWOOD, Kan., Oct. 01, 2018 (GLOBE NEWSWIRE) — Euronet Worldwide, Inc. (“Euronet” or the “Company”) (EEFT), a arch all-around cyberbanking payments provider, today accustomed columnist letters that Visa All-embracing (“Visa”) notified its associates on September 27, 2018, that it will acquiesce activating bill about-face (DCC) on all-embracing ATM affairs globally able April 13, 2019. Currently, Visa alone allows DCC on POS affairs globally and on intraregional ATM affairs in the European region. The aphorism change will acquiesce acquirers and ATM operators to action DCC to all all-embracing ATM affairs on Visa-branded cards about the world.
DCC on ATMs accredit cardholders traveling away to accept amid authoritative a banknote abandonment in either bounded or the customer’s home currency. Euronet currently offers DCC best to MasterCard issued cards at best of its ATM acreage of the added than 41,000 ATMs as able-bodied as added than 125,000 bank-operated ATMs about the world. However, for Visa-issued cards, Euronet has been belted to alms DCC best to alone cards issued and acclimated in Europe for ATM banknote withdrawals. With this aphorism change, effective, April 13, 2019, Euronet will be able to aggrandize its ATM DCC alms to all Visa-issued cards on its absolute ATM abject in Europe and on new and absolute ATMs about the world.
In accession to accretion the availability of DCC for cards issued and presented about the world, Visa additionally included in its advertisement that it was authoritative accessible in April 2019, several added ATM accompanying articles including allotment deposits, admission fee-free service, account-to-account transfers, mini-statements and PIN change and unblock. Euronet anticipates that these value-added casework may advance to added opportunities for the Company.
While this advertisement will not benefit the Company’s 2018 banking results, the Company currently expects to access its 2019 adjusted balance per share by $0.60 – $0.65 from its absolute abject of articles and ATMs, net of the new and absolute fees imposed by Visa.
About Euronet Worldwide, Inc.
Euronet Common is an industry baton in processing defended cyberbanking banking transactions. The Company offers acquittal and transaction processing solutions to banking institutions, retailers, account providers and alone consumers. These casework accommodate absolute ATM, POS and agenda outsourcing services, agenda arising and merchant accepting services, software solutions, cash-based and online-initiated consumer-to-consumer and business-to-business money alteration services, and cyberbanking administration of prepaid adaptable buzz time and added prepaid products.
Euronet’s all-around acquittal arrangement is all-encompassing – including 41,205 ATMs, about 276,000 EFT POS terminals and a growing portfolio of outsourced debit and acclaim agenda casework which are beneath administration in 53 countries; agenda software solutions; a prepaid processing arrangement of about 695,000 POS terminals at about 332,000 banker locations in 44 countries; and a all-around money alteration arrangement of about 355,000 locations confined 150 countries. With accumulated address in Leawood, Kansas, USA, and 62 common offices, Euronet serves audience in about 160 countries. For added information, amuse appointment the Company’s website www.euronetworldwide.com.
Statements independent in this account absolution that affair Euronet’s or its management’s intentions, expectations, or predictions of approaching performance, are advanced statements. Euronet’s absolute after-effects may alter materially from those advancing in such advanced statements as a aftereffect of a cardinal of factors, including: altitude in apple banking markets and accepted bread-and-er conditions, including the furnishings in Europe of the Brexit vote and bread-and-er altitude in specific countries or regions; the furnishings of demonetization in India; abstruse developments affecting the bazaar for the Company’s articles and services; adopted bill barter amount fluctuations; the furnishings of any breaches in the aegis of our computer systems or those of our barter or vendors; the Company’s adeptness to renew absolute affairs at assisting rates; changes in fees payable for affairs performed for cards address all-embracing logos or over switching networks such as agenda affairs on ATMs; changes in the Company’s accord with, or in fees answerable by, the Company’s business partners; competition; the aftereffect of claims and added accident contingencies affecting the Company; and changes in laws and regulations affecting the Company’s business, including tax and clearing laws. These risks and added risks are declared in the Company’s filings with the Securities and Barter Commission, including our Annual Report on Form 10-K, Quarterly Letters on Form 10-Q and Current Letters on Form 8-K. Copies of these filings may be acquired via the SEC’s Edgar website or by contacting the Company or the SEC. Any advanced statements fabricated in this absolution allege alone as of the date of this release. Except as may be appropriate by law, Euronet does not intend to amend these advanced statements and undertakes no assignment to any being to accommodate any such amend beneath any circumstances. The Company consistently posts important advice to the broker relations area of its website.
Contact:Euronet Worldwide, Inc. Stephanie Taylor T: 913-327-4200E: [email protected]
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