Euronet Worldwide Inc., a global electronic payments provider, announced agreements for ATM network participation services in Spain with eight banks: Grupo Caja Rural / Banco Cooperativo, Grupo Cajamar, Bankinter, Eurocaja Rural, EVO Banco, Triodos Bank, Caixa Guissona, and Laboral Kutxa, according to a press release.
Under the terms of Euronet’s ATM Network Participation Program agreement, the company seamlessly integrates with each bank’s system, allowing the banks’ cardholders to access Euronet’s thousands of ATMs in Spain on its nationwide ATM network. By joining the program, banks can significantly increase their ability to reach customers through Euronet ATMs that are located at convenient high traffic locations as well as rural areas.
Euronet has ATMs in approximately 30 countries with more than 40 network participation agreements in place, providing banks increased customer touch points without the need for capital expenditure. In addition, the banks entrust the ATM operations to Euronet to ensure efficiency, safety, and continuous investments and upgrades of its ATM fleet. A bank’s brand is also visible throughout the ATM network in the country, with the additional possibility of adapting bank-designed flexible marketing campaigns.
Consumers benefit from the shared network through easy, convenient access to their cash on a 24/7 basis across the country. Consumers also will enjoy innovative cash services, such as cash deposits, multicurrency dispenses, contactless features, card-less cash transactions, money transfers and many more options that can further enhance the participating banks’ offerings to their customers.
With the ATM Network Participation Program, Euronet offers a solution to numerous banks who are strategically reviewing their ATM networks for operational efficiencies while also investigating ways to expand product offerings to customers.
The program is part of Euronet’s full scale ATM outsourcing services portfolio that covers the complete value chain of ATM operations, supported and centrally managed with the company’s REV Payments Cloud and its core processing platforms and infrastructure.
“We are excited with the expansion of our ATM Network Participation services in Spain, and welcome all of our new partners to Euronet’s Shared Network,” Nikos Fountas, executive vice president and CEO, Euronet Americas and EMEA EFT Processing Segment said in the release. “The new agreements proves our strategy of being a catalyst of ATM consolidation in the countries we operate, to the benefits of our partner banks and their customers. Across Europe, we experience and drive a wave of ATM innovations, and we are confident that this trend will further accelerate. We have the technology, the resources, the knowledge and a solid value proposition that places us in the forefront of payments innovation, combining the physical and the digital world of payments.”