News Archives


October 2015

State Bank of India, Indonesia to Implement Euronet's ITM Payment Hub Solution
October 27, 2015

LITTLE ROCK, Arkansas, USA, October 27, 2015 - Euronet Software Solutions, a division of leading electronic payments provider Euronet Worldwide, Inc. (NASDAQ:EEFT), today announced that PT State Bank of India, Indonesia (SBII) will implement Euronet's ITM payment hub solution.

As part of SBII's growth strategy to increase their retail banking presence in Indonesia, the bank will replace their ATM/switch system with Euronet's Integrated Transaction Management (ITM) payment hub. In parallel, they will begin implementing the National Standard Indonesia Chip Card Specification (NSICCS) standard. Becoming NCICCS Certified provides the ability for SBII to issue chip-enabled debit cards to its cardholders, and to acquire NSICCS capable cards at their ATMs. Euronet's Indonesian partner, PT Sigma Cipta Caraka ("Telkomsigma") will manage the NSICCS certification process beginning in September of this year, as well as managing SBII's certifications with the local PRIMA and ALTO networks.

"SBII's mission is to provide a full complement of banking services to their customers, backed by the latest technology and the highest customer service standards. Euronet is proud to support that mission with SBII as they continue to expand their service offerings," said Cindy Ashcraft, Vice President of Euronet Worldwide and Managing Director for Euronet Software Solutions. "As a NSICCS Certified financial institution, and with ITM as their transaction hub, SBII customers can enjoy the added convenience of enhanced services along with the security that comes with chip cards."

About PT State Bank of India, Indonesia (SBII)  

PT State Bank of India, Indonesia is a privately owned bank based in Jakarta, Java, Indonesia specializing in commercial banking services for Indian businesses and trading companies. Established in 1970, SBII is a foreign subsidiary of State Bank of India, India's largest bank. At present, SBII has branches in Jakarta, Bandung, Surabaya, Medan, Makasar and Bali as well as sub-branches in Sunter, Fatmawati, Kebon Jeruk, Jatinegara and Tanah Abang. For more information about PT State Bank of India, go to:

About PT Sigma Cipta Caraka ("Telkomsigma")

Established in 1987, PT Sigma Cipta Caraka ("Telkomsigma") is a leading integrated End-to-End ICT Solutions company and is a subsidiary of the largest information and telecommunications services provider in Indonesia, TELKOM. Telkomsigma offers comprehensive information technology services comprising of consulting services, managed IT services, software development services, and integrated data center operations in the banking (conventional and sharia-based), financial, telecommunications, manufacturing, distribution and other sectors. For more information about PT Sigma Cipta Caraka, go to:

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 software solutions have reliably served the worldwide cards, payments and financial services markets for more than 40 years. We provide a fully integrated suite of solutions for issuing, acquiring, self-service, digital banking and card scheme connections. Our software offerings enable our clients to meet consumers' ever-growing demands for security and reliability while maintaining high accessibility. For more information about Euronet Software Solutions, go to:

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