Euronet Collaborates with Banco Guayaquil to Enhance Transaction Switching Solutions and Enable Advanced Banking Technology Integrations in Ecuador
30 Janeiro 2024 - 11:00AM
Euronet (NASDAQ: EEFT), a leading global financial technology
solutions and payments provider, today announced a multi-year
agreement with Banco Guayaquil, one of Ecuador’s most prestigious
and innovative banks, that begins with revolutionizing the
transaction-switching solutions for VISA, MasterCard and American
Express within the bank’s broad network.
Central to this agreement is the deployment of
Euronet's Ren payments platform and its advanced Software as a
Service (SaaS) model that will enhance compliance, operational
uptime and technology adaptability at the bank, impacting millions
of cards and overseeing millions of transactions monthly.
As part of the initial switching and future
projects, Ren will provide the following benefits to the bank
during the partnership:
- Phased
Migration and Zero-Downtime Transition: Euronet's
strategic approach to Banco Guayaquil's needs includes a phased
migration plan, ensuring zero downtime and seamless integration
with existing systems. This process underscores Euronet's
commitment to maintaining uninterrupted service and operational
excellence during critical transition phases.
-
Compliance and Uptime Improvements: Ren's solution
is uniquely designed to help keep Banco Guayaquil ahead of industry
compliance mandates, assisting with preventing penalties and
solidifying its position as a proactive, forward-thinking
institution. Additionally, the platform's high availability and
reliability significantly reduce downtime, enhancing customer trust
and satisfaction.
-
Adoption of Open Banking and New Technologies: The
service agreement will explore new horizons in digital banking,
with opportunities to integrate innovative Euronet platforms and
services such as Dandelion, Skylight, and merchant acquiring. These
initiatives align with Ecuador's emerging real-time payment (RTP)
trends, positioning Banco Guayaquil at the forefront of digital
innovation.
Euronet and Banco Guayaquil
Quotes
"We were seeking an ally with a robust
technology solution and a deep understanding of our needs," said
Juan Luis Reca, co-technology team leader at Banco Guayaquil.
"Euronet, with its proven track record,
expertise in payment processing, and understanding of the LATAM
region, fits perfectly with our goals," said Franz Zambrano,
co-technology team leader at Banco Guayaquil.
"Our agreement with Banco Guayaquil isn't just
about technology solutions,” said Oscar Munoz, Head of Sales for
Ren, Americas at Euronet. “It's a strategic alliance that sets new
benchmarks in the banking sector. By choosing Euronet, Banco
Guayaquil reiterates its commitment to serving its high-end
clientele with nothing but the best. Together, we are poised to
redefine the landscape of financial technology and banking
innovation."
About Ren
Ren is a modern payments platform specializing
in processing mission-critical transactions and fostering
innovative experiences across core switching, acquiring, issuing
and payment hubs. Ren's robust architecture consistently delivers
unparalleled performance, even in the most demanding high-traffic
environments.
The platform's microservices-based architecture
showcases its adaptability in the ever-evolving payments landscape.
Ren provides ample deployment options, whether integrating with
prominent cloud environments such as AWS, Microsoft Azure, or
Google Cloud or connecting with Euronet's global data
centers via open APIs. Moreover, Ren's ability to integrate
seamlessly with legacy systems means businesses can elevate their
payment operations without extreme system overhauls. Learn more at
www.renpayments.com.
About Banco Guayaquil
Banco Guayaquil is one of Ecuador’s largest and
most prominent banking institutions. Founded in 1923, it has grown
into a major player in the Ecuadorian financial sector, providing a
wide range of banking services to individuals, companies, and large
corporations.
Banco Guayaquil offers numerous financial
products and services, including savings and checking accounts,
personal and commercial loans, credit and debit cards, foreign
trade services, and wealth management. The bank has made a
concerted effort to digitalize its services, resulting in a robust
online banking platform and mobile app that facilitates
transactions and account management for its customers.
About Euronet
Starting in Central Europe in 1994 and growing
to a global real-time digital and cash payments network with
millions of touchpoints today, Euronet now moves money in all the
ways consumers and businesses depend on. This includes money
transfers, credit/debit processing, ATMs, point-of-sale services,
branded payments, currency exchange, and more. With products and
services in more than 200 countries and territories provided
through its own brand and branded business segments, Euronet and
its financial technologies and networks make participation in the
global economy easier, faster, and more secure for everyone.
A leading global financial technology solutions
and payments provider, Euronet has developed an
extensive global payment network that includes 53,272
installed ATMs, approximately 637,000 EFT POS terminals and a
growing portfolio of outsourced debit and credit card services
which are under management in 66 countries; card software
solutions; a prepaid processing network of approximately 810,000
POS terminals at approximately 348,000 retailer locations in 61
countries; and a global money transfer network of approximately
540,000 locations serving 194 countries and territories. Euronet
serves clients from its corporate headquarters in Leawood,
Kansas, USA, and 67 offices worldwide. For more information, please
visit the Company's website at www.euronetworldwide.com.
Euronet Contact
Stephanie Taylor
Director of Financial Planning and Investor Relations
+1-913-327-4200
Euronet Worldwide (NASDAQ:EEFT)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
Euronet Worldwide (NASDAQ:EEFT)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024