News Archives


October 2011

BCR Utilizes Euronet Software Solutions' Contactless Card Solution to Offer the First Credit Card with Embedded Transportation Application in Romania
October 17, 2011

LITTLE ROCK, Arkansas, and BUCHAREST, Romania, (October 17, 2011) - Euronet Software Solutions, the software division of leading electronic payments provider Euronet Worldwide, Inc. (NASDAQ: EEFT), today announced that Banca Comerciala Romana (BCR), a Euronet customer of more than 15 years and the largest Romanian bank by assets, has utilized Euronet's Contactless Card Solution to issue Romania's first contactless credit cards with an embedded transportation application. Under the PowerCard BCR brand name, this card is the only contactless card in Romania that functions as both a credit card and a public transportation payment card. 

"We are excited to provide this one-of-a-kind offer to Romanian citizens," said Anca Sultanovici, Head of Business Development Support Department for BCR - Romania. "This contactless dual-purpose solution makes shopping, dining and using public transportation convenient and easy for cardholders. Our long-time partnership with Euronet has allowed us to provide this and many other solid solutions to our customers from a technology partner we know we can trust and rely on." 

In addition to Euronet's Contactless Card Issuing module, BCR utilizes a number of Euronet solutions including the company's Integrated Transaction Management® (ITM®) System, Integrated Credit Card System, Debit Card Management System and EMV Chip Solutions. 

"We are proud to provide BCR with innovative technology that allows them to provide convenient banking options for their customers and be successful in their market," said Cindy Ashcraft, Managing Director of Euronet Software Solutions. "BCR is very in tune with the needs of their customers and the citizens of Bucharest. Their drive to be innovative while also providing the best solutions available in the industry has catapulted them to the forefront of their market and allowed them to create secure, convenient and easy-to-use solutions for their customers. We have enjoyed a long partnership with BCR, and, as always, it is our pleasure to be able to assist them in providing these solutions in Romania." 

Other projects in the works include implementing Euronet's POS Recharge Solution and upgrading to Euronet's Next Generation Mobile Banking Solution to provide additional functionality and features to its customers. 

About Banca Comerciala Romana 

Banca Comerciala Romana (BCR), a member of the Erste Group, is the most important financial group in Romania, including the operations of universal bank (retail, corporate & investment banking, treasury and capital markets), as well as the companies on the leasing, asset management, private pensions, housing bank and mobile banking services market. BCR is the No. 1 bank in Romania assets-wise (over EUR 16 billion worth), the No. 1 bank according to the number of clients and the No. 1 bank on the saving and lending segments. BCR is the most valuable financial brand in Romania, according to the level of clients' trust and to the number of those for whom BCR is the main institution they do banking with. 

BCR offers a full range of financial products and services, through a network of 48 corporate commercial centers and 668 retail branches and agencies located in most of the Romanian cities with a population of more than 10,000 inhabitants. BCR is the No. 1 bank in Romania on the cards and banking transactions market, as BCR clients benefit from the largest national ATM network - over 2,000 machines and POS - over 18.000 electronic terminals operational at the merchants, for card payments, as well as a complex offer of banking products and services, including Internet banking, phone banking and e-commerce services. 

About Euronet Software Solutions 

Euronet Software Solutions, a Division of Euronet Worldwide, Inc. (NASDAQ: EEFT), is a leading global provider of financial software solutions that power electronic payment and transaction delivery systems to support the business needs of banks and processing services providers. Our solutions have reliably served the worldwide cards, payments and financial services markets for more than 35 years. 

Ensuring quick time-to-market and delivering a quality experience, we enable our clients to provide secure electronic payment convenience to millions of people around the world. We provide a fully integrated suite of solutions for issuing, acquiring, self-service, e-banking and card scheme connections. Utilizing our services-oriented payments hub architecture, our software offerings are designed to increase revenue, reduce expenses, improve security and increase the value of customer relationships. For more information, visit 

In addition to software solutions, Euronet Worldwide, Inc. offers payment and transaction processing solutions to financial institutions, retailers, service providers and individual consumers which include comprehensive ATM, POS and card outsourcing services; card issuing and merchant acquiring services; consumer money transfer and bill payment services; and electronic distribution for prepaid mobile airtime and other prepaid products. Euronet Worldwide, Inc. serves clients in approximately 150 countries. For more information, please visit 

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