Euronet (EEFT) announced a multi-year agreement with Banco Guayaquil, that begins with revolutionizing the transaction-switching solutions for VISA (V), MasterCard (MA) and American Express (AXP) 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 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. Compliance and Uptime Improvements. Adoption of Open Banking and New Technologies.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on EEFT:
- Euronet Collaborates with Banco Guayaquil to Enhance Transaction Switching Solutions and Enable Advanced Banking Technology Integrations in Ecuador
- Euronet Announces Fourth Quarter and Full Year 2023 Earnings Release Date and Conference Call Details
- Euronet price target raised to $115 from $95 at Truist
- Euronet management to meet virtually with Northland