News Archives

 

August 2015

Perbadanan Tabung Amanah Islam Brunei Bank Launches Euronet ITM Payment Hub Solution
August 24, 2015.
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CardNet to offer Dynamic Currency Conversion at Point-of Sale via Euronet DCC Solution
August 19, 2015.
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The Bank of Tokyo-Mitsubishi UFJ, Ltd, Jakarta Branch Sets Course to Achieve NSICCS Issuer and Acquirer Certification
August 05, 2015

NSICCS is a chip card specification mandated for debit cards issued by Indonesian Banks

LITTLE ROCK, Arkansas, USA, August 5, 2015 - Euronet Software Solutions, a division of leading electronic payments provider Euronet Worldwide, Inc. (NASDAQ:EEFT), today announced that the Bank of Tokyo-Mitsubishi UFJ, Ltd, Jakarta Branch-- a member of MUFG global financial group, has contracted with Euronet to complete a comprehensive upgrade to their card issuing and card processing systems.

With the support of Euronet and Euronet's Indonesian partner, PT Sigma Cipta Caraka (Telkomsigma), the Bank of Tokyo-Mitsubishi UFJ, Ltd, Jakarta Branch will implement system modifications needed for the bank to support chip card based debit card transactions and receive National Standard Indonesia Chip Card Specification (NSICCS) Issuer certification. Additionally, an interface to the local interbank network will be established allowing the bank to process domestic card transactions locally improving operational efficiency.

Indonesia, the 4th most populous country in the world (260+ million inhabitants), has seen an increase in the use of debit cards for purchases and ATM withdrawals in recent years. Because chip cards make it virtually impossible to create counterfeit cards, the Bank of Indonesia has mandated that all banks complete the NSICCS certification by January 1, 2016. The Bank of Tokyo-Mitsubishi UFJ, Ltd, Jakarta Branch will begin NSICCS certification in September 2015.

"Improving the security of electronic transactions is vital in today's world and is always at the forefront of our minds as we develop solutions to meet the needs of our customers," said Cindy Ashcraft, Vice President of Euronet Worldwide and Managing Director for Euronet Software Solutions. "We are extremely proud that the Bank of Tokyo-Mitsubishi UFJ, Ltd, Jakarta Branch continues to trust Euronet to provide answers to today's security and technology challenges."

About PT Bank of Tokyo-Mitsubishi UFJ

The Bank of Tokyo-Mitsubishi UFJ, Ltd, is the Jakarta branch of the Bank of Tokyo, the largest bank in Japan. The Jakarta branch offers a wide range of corporate and business banking services for Japanese businesses and trading companies. For more information about the Bank of Tokyo-Mitsubishi UFJ, Ltd, Jakarta Branch, go to: www.mufg.co.id.

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: www.telkomsigma.co.id.

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 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, visit www.euronetsoftware.com.

Media Contact
Euronet Software Solutions
Teresa Barry
tbarry@euronetworldwide.com
+1.501.218.7255 


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