Banks worldwide are under pressure to move money faster, at lower cost, and across more borders than ever before. One emerging tool drawing increasing interest from financial institutions is the stablecoin – a digital asset designed to maintain a stable value, typically pegged to a fiat currency like the US dollar or Euro.

Unlike volatile cryptocurrencies like Bitcoin, stablecoins are designed for stability, not speculation. They combine the speed, programmability, and 24/7 availability of blockchain with the price predictability of fiat. That makes them an ideal instrument for real-time settlement, especially for cross-border payments where traditional rails are slow and expensive.

For banks, the benefits are compelling:
• Instant settlement between institutions or corporate clients without correspondent banking delays
• Lower operational costs by bypassing intermediaries and reducing reconciliation overhead
• Improved liquidity with near-instant fund availability
• Programmable money that can embed compliance, disbursement rules, or escrow logic directly into transactions

The stablecoin trend is not about replacing fiat currency but about creating a faster, digital wrapper around it. At Euronet Software, we see stablecoins as a natural extension of the real-time capabilities already powering solutions like Ren Payments and Dandelion. Our global network can serve as the bridge between bank core systems and new digital settlement rails, allowing financial institutions to move value in whatever form their customers demand.
Our recent integration of CoreCard strengthens this vision. With its modern ledger and card issuing platform, banks could manage both fiat and tokenized balances on a unified system, paving the way to offer stablecoin wallets, stablecoin-backed cards, and real-time settlement options alongside traditional payment products.

Stablecoins aren’t a competitor to banks. They’re an opportunity to deliver faster, cheaper, and smarter payments, and to stay ahead as money goes digital.

Executive Summary
Euronet’s announced acquisition of CoreCard marks a pivotal moment in the evolution of global card issuing and processing. The merger, which is expected to close in late 2025, will offer banks and FinTechs a comprehensive, future-ready solution for credit card issuance by integrating CoreCard’s modern, API-first issuing platform with Ren’s proven real-time payments infrastructure. Whether deployed on-prem or in the cloud, this powerful new capability will be set to deliver faster time to market, customizable programs, and operational agility across global markets.

Why Card Issuing Is Strategic Again
The market for credit and prepaid card products is undergoing a renaissance. With embedded finance, buy-now pay-later, loyalty-based lending, and digital wallets on the rise, issuers need more than legacy processors can provide.
• Modern customers expect:
• Real-time issuance and decisions
• Seamless mobile integration
• Flexible repayment options
• Personalized offers and rewards
Traditional card platforms weren’t built for this pace of innovation. As a result, banks and FinTechs alike are seeking modern issuing solutions that are fast, flexible, and scalable.

The Legacy Limitation: What Banks Struggle With
Most banks today are still operating on legacy credit card platforms that:
• Require long lead times to configure or launch new products
• Depend on manual batch processing
• Offer limited API access or third-party integrations
• Struggle to support global or cross-border requirements
These limitations slow innovation and increase the total cost of ownership. Worse, it creates a poor experience for cardholders accustomed to real-time digital interactions.

What CoreCard Brings to the Table
CoreCard is a next-generation credit card issuing and processing platform built for the realities of modern finance.
Key benefits include:
• Full support for credit, prepaid, and loyalty card programs
• Modular, API-based architecture with real-time transaction capabilities
• Configurable business rules engine to support custom workflows
• Proven track record with fintech innovators and enterprise clients
• Cloud-native or private on-premise deployment options
CoreCard has powered marquee programs for companies like Cardless and helped support co-branded cards with global names like Goldman Sachs.

Why CoreCard + Ren = A New Standard for Issuing
Ren, Euronet’s proven, modern payments platform, already delivers:
• Real-time core processing for account-based and direct-to-account payments
• Instant data visibility across channels
• A flexible API Gateway for seamless integrations
• 100% uptime by design architecture with patented Infinite Messaging framework
Once integratinon of CoreCard into the Ren ecosystem is complete, it will enable issuing solutions with:
• Embedded fraud detection and compliance capabilities
• Full integration into Euronet’s global ATM, POS, and wallet infrastructure
• Cloud or hybrid deployments, depending on client needs
• A pay-as-you-grow model for both established banks and scaling FinTechs

Real-World Use Cases
• Community Banks are launching co-branded or loyalty cards without needing to build in-house platforms.
• Fintech Startups offering credit products embedded in their apps, using Ren APIs for onboarding and CoreCard for issuing.
• Global Banks are deploying region-specific programs on-prem in some markets and cloud-based in others.

The Bottom Line
Euronet’s acquisition of CoreCard is a commitment to helping financial institutions meet the demands of modern customers. By combining Ren’s global infrastructure with CoreCard’s issuing expertise, we now offer a best-in class, future-proof solution for banks, FinTechs, and innovators worldwide.

If you’re ready to explore what’s next in credit card issuing, talk to us today.

With smartphone adoption at record highs, QR code payments have emerged as one of the fastest-growing methods worldwide. Unlike traditional card-based systems that require expensive POS terminals, QR payments let customers scan a static or dynamic code to pay instantly using their mobile banking app, digital wallet, or payment platform. It’s contactless, secure, and accessible to anyone with a smart phone.

Euronet’s QR Engine was built for this moment. It’s an EMVCo-compliant, secure, and cost-efficient platform that integrates seamlessly with existing banking systems. The engine provides a comprehensive ecosystem, comprising a bank admin portal for system configuration, a merchant portal and app for generating and accepting QR codes, a consumer app for enabling frictionless payments, and a back-office suite for reconciliation, settlement, and dispute management.
Offering a QR payments platform gives banks a powerful opportunity to expand their acceptance networks, deepen merchant relationships, and reduce the cost of infrastructure. By equipping merchants with a system that works on any mobile device, institutions can empower even small or mobile businesses to accept payments anywhere, making commerce more inclusive and agile.

Combined with the flexibility of SoftPOS, which turns any smartphone into a payment terminal, Euronet’s QR solution allows financial institutions to leapfrog legacy POS systems entirely. This innovation reduces checkout times, enhances real-time insights, and ensures security comparable to traditional methods.

As global QR payments soar, now is the time to modernize. With Euronet’s QR Engine, financial institutions can lead the future of payments – securely, seamlessly, and everywhere.

The global payments industry is standing at the edge of its biggest transformation in decades – and the G20 Cross Border Payments Roadmap is hitting the accelerator. Designed to make international payments faster, cheaper, and more transparent, it’s reshaping how banks and financial institutions will operate in the years ahead. For Ren Payments, the modular payments hub from Euronet Software, this is more than a compliance deadline – it’s a once-in a-generation opportunity to lead.

Accelerating ISO 20022 Adoption
One of the roadmap’s cornerstone goals is the worldwide shift to ISO 20022, a rich data standard for payment messages. Many banks are still stuck on older ISO 8583 or proprietary systems, facing steep hurdles to modernization. Ren cuts through this barrier with a visual, low-code development environment that connects legacy cores directly to real-time ISO 20022 networks, without requiring a full system overhaul. Recognized by the Federal Reserve’s FedNow Service Provider Showcase in 2022, Ren now stands ready as SWIFT and other networks finalize their ISO 20022 migrations.

Unlocking Global Interoperability
Beyond messaging, the roadmap pushes for greater interoperability between national systems. Ren was built for this moment. It offers out-of-the-box connectivity to Dandelion – Euronet’s real-time cross-border network leveraging Ria and XE rails – making cross-border payments as seamless as domestic ones. As instant payment systems link across regions, from TARGET Instant Payment Settlement in the EU to fast-payment linkages across ASEAN, Ren acts as an intelligent router – dynamically selecting the fastest, most cost-effective route.

Built for Compliance, Speed, and Innovation
Crucially, Ren embeds real-time compliance checks, sanctions screening, and fraud prevention into every transaction. Its cloud-based, always-on infrastructure enables banks to meet new G20 standards while launching innovative services like cross-border request-to-pay and multi-currency settlement.

As G20-driven deadlines approach, banks need more than upgrades – they need a leap forward. Ren delivers it: fast to deploy, globally connected, and future ready.