Euronet Worldwide Appoints Gareth Gumbley as Managing Director of Prepaid Processing...

* Reuters is not responsible for the content in this press release.

Tue May 20, 2008 10:35am EDT

Euronet Worldwide Appoints Gareth Gumbley as Managing Director of Prepaid Processing Segment

LEAWOOD, Kan.--(Business Wire)--
Euronet Worldwide, Inc. (NASDAQ: EEFT), a leading electronic
payments provider, today announced the appointment of Gareth Gumbley
as managing director of the Company's Prepaid Processing segment. In
his new role, Gumbley will be responsible for strategic planning,
operations and management of Euronet's prepaid subsidiaries on a
global basis. Gumbley will report to Kevin Caponecchi, president of
Euronet Worldwide and will be based in London.

   Gumbley has a proven track record of achieving strong growth
through effective leadership and has extensive international
experience in the payments processing business. Gumbley has been the
managing director of Euronet's prepaid businesses in Australia and New
Zealand since November 2004. Under his leadership, the Company's
Australia and New Zealand prepaid entities have grown considerably
year on year to market leading positions. In addition, Gumbley has
been developing valuable new business opportunities for the Company in
Asia-Pacific, and was most recently instrumental in expanding
Euronet's prepaid business into India.

   "We are fortunate to have a manager of Gareth's caliber to lead
the development and implementation of our Prepaid segment's business
strategy through its next phase of growth. We will benefit from his
experience, proven record of success and strong leadership skills,"
said Caponecchi.

   Prior to joining Euronet, Gumbley was the CEO of Dialect Solutions
Group, an online payments business that was part of the News
Corporation Group.

   About Euronet Worldwide

   Euronet Worldwide is an industry leader in processing secure
electronic financial transactions. The Company offers payment and
transaction processing solutions to financial institutions, mobile
operators and retailers which include comprehensive ATM, POS and Card
outsourcing services; card issuing and merchant acquiring services;
software solutions; consumer money transfer and bill payment services;
and electronic distribution for prepaid mobile airtime and other
prepaid products. Euronet operates and processes transactions from 42
countries.

   Euronet's global payment network is extensive -- including 11,917
ATMs and approximately 51,000 EFT POS terminals which are under
management in 20 countries; a growing portfolio of outsourced debit
and credit card services and card software solutions; a prepaid
processing network of 394,000 point-of-sale terminals across
approximately 193,000 retailer locations in 14 countries; and a
consumer-to-consumer money transfer network of more than 68,000
locations serving approximately 100 countries. With corporate
headquarters in Leawood, Kansas, USA, and 32 worldwide offices,
Euronet serves clients in 130 countries. For more information, please
visit the Company's Web site at www.euronetworldwide.com.

Euronet Worldwide
Media & Investor Relations Contact:
Shruthi Fielder, 913-327-4225
sfielder@euronetworldwide.com

Copyright Business Wire 2008
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.