Reason to Outsourced
Euronet Pakistan believes that outsourcing of EFT processing is not about what you can subtract from a business; it is about what you can add. Through outsourcing, banks can remove the unnecessary predictable (license costs, annual maintenance, etc.) and unpredictable (mandatory regulatory or payment scheme updates) costs. This in turn results in significant cost savings of up to 50 percent.
As debit card volumes continue to grow rapidly, the reduction in costs are important to allow banks to compete in an increasingly competitive electronic banking market with newer services and value added services launched by the day. Bureau Services or Outsourced processing provides banks with a greater level of flexibility and cost effectiveness that cannot be achieved from in-house solutions. By outsourcing debit card processing, banks also are well-positioned to outsource credit card processing to reap the benefits of outsourcing for all segments.
The ability to concentrate on core competencies and cost savings are two advantages of Euronet's outsourcing value proposition. Our services allow financial institutions to focus their human and financial capital on retail banking, while Euronet assumes responsibility for day-to-day ATM management. Euronet Pakistan provides extensive and sophisticated transaction processing capabilities and infrastructure, as well as economies of scale through our strong connections with ATM manufacturers and other ATM related service providers. We also bring long-term experience to ATM network management, with unsurpassed service levels and guaranteed uptime.
Our processing capabilities have no boundaries. Our transaction processing centers span across nine global locations, with local presence and local language support in over 32 countries. Our long-standing relationships with our customers are a testament to our true value – saving, efficiency, improved availability and increased customer satisfaction. Because of this value, banks which have been reluctant to outsource the operations and management of their ATM networks in the past are increasingly turning to Euronet.
Euronet offers banks a quick and effective strategy to enter the card market card entry strategy with internationally and locally certified debit, credit, prepaid or loyalty card programs. By effectively capitalizing on the speed-to-market of Euronet's card solutions, banks are able to secure market share and build a reputation of full-service sop.
Euronet's operations centers handle all software and hardware requirements, maintenance concerns, upgrades and overhead expenses such as real estate and personnel – thereby allowing bank personnel to concentrate on their core business of issuing cards and managing customer relationships.Euronet's operations centers handle all software and hardware requirements, maintenance concerns, upgrades and overhead expenses such as real estate and personnel – thereby allowing bank personnel to concentrate on their core business of issuing cards and managing customer relationships.
Outsourcing through Euronet provides banks and merchants with a single POS point of contact to handle all of their POS needs, eliminating the need to coordinate with multiple vendors. Euronet's experience with negotiating and managing third parties enables the effective leverage of our relationships to provide a direct bottom-line benefit to our customers..
Euronet provides banks and merchants with a consistently reliable, expanding POS infrastructure, including telecommunications and help desk management. Our flexible, scalable, leading edge IT and POS platform serves the immediate needs of banks and enables planning for the future. Euronet's fraud monitoring tools enable the detection of fraud patterns, leading to effective fraud control and reduction of risk and exposure in a centralized, systematic and economic way.