Euronet Worldwide Receives Notice of Change in Polish Interchange Fees – MarketWatch


LEAWOOD, Kan., Apr 27, 2010 (BUSINESS WIRE) — Euronet Worldwide, Inc. (“Euronet” or the “Company”) /quotes/comstock/15*!eeft/quotes/nls/eeft (EEFT 20.96, -0.16, -0.76%) , a leading electronic payments provider, today announced it has been informed that Visa Europe (“Visa”) notified its member banks that it will lower the Polish domestic ATM interchange fee from PLN 3.50 to PLN 1.30 (from approximately USD $1.20 to approximately $0.45, at current exchange rates), effective May 1, 2010. The interchange fee is paid by issuers of Visa logo’d cards to the owners or operators of ATMs for transactions such as cash withdrawals on ATMs. While this announcement has no impact on first quarter 2010 results, Euronet expects the impact of this fee adjustment on the results of operations of its Polish business to be significant in future periods.

Currently, Euronet has approximately 1,500 Company-owned ATMs under management in Poland, provides outsourced management services to Polish financial institutions and, through network participation agreements, makes its 2,560 ATMs available to financial institutions in Poland. Approximately 25% of Euronet’s 10,283 operated ATMs are in Poland and approximately 7.5% of Euronet consolidated revenue is earned in Poland

via Euronet Worldwide Receives Notice of Change in Polish Interchange Fees – MarketWatch.

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