Euronet Worldwide

Euronet Worldwide, Inc.
Public
Traded as NASDAQ: EEFT
Industry Financial Services, Electronic funds transfer, Retail
Founded 1994
Headquarters Leawood, Kansas
Key people
Michael J. Brown (CEO), Kevin J. Caponecchi, Rick L. Weller, Jeffrey B. Newman, Juan C. Bianchi, Nikos Fountas, Martin L. Brückner, Cindy Ashcraft
Revenue Increase $1664.2 million (2014)
Increase $158.7 million (2014)
Increase $101.6 million USD (2014)
Total assets Increase $2.051 billion (2014)
Total equity Increase $732.9 million (2014)[1]
Number of employees
4,300
Website www.euronetworldwide.com

Euronet Worldwide is a US provider of electronic payment services with headquartered in Leawood, Kansas. It offers automated teller machines (ATM), point of sale (POS) services, credit/debit card services, and other electronic financial services.[2]

History

The company was founded in 1994 and with 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.[3]

On January 23, 2002, Euronet Worldwide announced the formation of a joint venture with Hong Kong-based First Mobile Group Holdings Limited.[4]

In 2013, Euronet purchased Pure Commerce, giving it access to a suite of SaaS based applications. The following year, it acquired UK-based foreign exchange broker HiFX giving it access to cross border payment business in the UK, Australia and New Zealand.[5]

Company operation

It operates in three segments: electronic funds transfer (EFT) processing, prepaid processing, and money transfer.[2]

See also

References

  1. Euronet Worldwide Reports Fourth Quarter and Full Year 2014 Financial Results, Retrieved on February 17, 2015
  2. 1 2 EEFT - Profile, Yahoo! Finance, Retrieved on May 14, 2008
  3. Euronet to Expand Business and Product Line by Acquiring ARKSYS, Euronet - Press Release, Retrieved on May 14, 2008
  4. "Euronet Forms Asian Joint Venture with First Mobile Group".
  5. Ashley Armstrong (March 11, 2014). "Money transfer company HiFX sold for £145m". The Telegraph.
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