Euronet Worldwide, EEFT is a global provider of electronic payment services. It offers automated teller machine

Automated teller machine

An automated teller machine or automatic teller machine, also known as a Cashpoint , cash machine or sometimes a hole in the wall in British English, is a computerised telecommunications device that provides the clients of a financial institution with access to financial transactions in a public...

s (ATM), point of sale

Point of sale

Point of sale or checkout is the location where a transaction occurs...

 (POS) services, credit/debit card services, and other electronic financial services. The company was founded in 1994 and is headquartered in Leawood, Kansas

Leawood, Kansas

Leawood is a city in Johnson County, Kansas, United States. The city is a suburb of Kansas City, Missouri and is part of the Kansas City Metropolitan Area. As of the 2010 census, the city population was 31,867.-History:...

 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.

Company operation

It operates in three segments: electronic funds transfer

Electronic funds transfer

Electronic funds transfer is the electronic exchange or transfer of money from one account to another, either within a single financial institution or across multiple institutions, through computer-based systems....

 (EFT) processing, prepaid processing, and money transfer.

• The EFT processing segment provides outsourcing and network services to financial institutions and mobile phone companies. This segment provided these services with a network of approximately ATMs and POS terminals in Europe, Asia, and the Middle-East.

• The prepaid processing segment distributes prepaid mobile airtime, and other prepaid products and collections services for various prepaid products, cards, and services. This segment operates in a network of locations in the United States, Europe, Africa, Asia Pacific, and the Middle-East. It also provides prepaid long distance calling card plans, prepaid internet plans, prepaid debit cards, and prepaid gift cards, as well as prepaid mobile content, such as ring tones and games.

• The money transfer segment provides global money transfer and bill payment services primarily in North America, the Caribbean, Europe, and Asia-Pacific.