Leawood, Kan.-based processor Euronet Worldwide Inc., which operates in 42 countries, is attributing its increased revenue for the second quarter to the expansion of its ATM network. Its electronic funds transfer processing segment ended June with 10,160 ATMs, up from 9,858 ATMs at the end of the second quarter last year. Overall revenues topped $264.5 million, up 31% from $233.4 million. Overall transactions for the second quarter increased 10%, to 342.4 million from 310.9 million. Its EFT-processing segment handled 168.6 million transactions during the quarter, a 15% increase from 146.9 million a year earlier. The prepaid-processing segment had 169.5 million transactions, a 58% increase from 160.2 million. The company's money transfer segment had 4.3 million transactions, up 13% from 3.8 million in the second quarter of 2007.
Authoritative analysis and perspective for every segment of the payments industry
Authoritative analysis and perspective for every segment of the industry
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