Diebold Nixdorf and Euronet Announce Intent to Form Global Strategic Collaboration to Transform ATM Networks
Collaboration helps financial institutions improve efficiency, expand self-service banking and create new revenue opportunities by pairing Diebold Nixdorf’s Cash Recycling ATMs and global field services with Euronet’s Ren processing platform and ATM operations expertise
NORTH CANTON, Ohio, and LEAWOOD, Kansas – Diebold Nixdorf (NYSE: DBD), a global leader in transforming the way people bank and shop, and Euronet Worldwide, Inc. (NASDAQ: EEFT), a global payments infrastructure company and leader in payments processing and cross-border transactions, today announced their intent to form a global strategic collaboration to develop and deliver integrated ATM outsourcing solutions to financial institutions.
The collaboration pairs Diebold Nixdorf’s cash recycling ATMs, software and global field services with Euronet’s Ren payments processing platform, integrated automated back-office solutions platform and ATM operations expertise.
Together, the companies aim to help financial institutions improve efficiency, lower operating costs, simplify ATM management and earn additional revenue by unlocking a broader range of transactions at the ATM, while preserving the flexibility needed to build the operating model that works best for them.
As banks seek to improve the efficiency, security and availability of their physical networks, the collaboration will focus on three areas of customer value:
Greater operating efficiency: Leveraging cash recycling ATMs, integrated network management, field services and back-office operations to further reduce replenishment requirements, simplify operations and optimize costs.
Expanded transaction and revenue opportunities: Using Euronet's Ren platform and broader payments ecosystem to enable additional financial services and increase the revenue-generating potential of ATM networks.
Operational simplicity and flexibility: Providing integrated outsourcing services, including centralized monitoring, coordinated service delivery and ongoing security enhancements, while accommodating customer operating requirements and existing provider relationships.
Cash recycling ATMs are already integral to branch transformation. Diebold Nixdorf's Branch Automation Solutions enable financial institutions to migrate the vast majority of traditional teller transactions to self-service channels. By combining these capabilities with Euronet's network operations and transaction processing expertise, the companies aim to further expand the services available through ATMs and create additional value for banks and their customers.
Complementary Strengths
Euronet brings more than three decades of experience in ATM operations and outsourcing for financial institutions. Operating one of the world's largest independent ATM networks, including a significant fleet of cash recycling ATMs, Euronet combines its global Ren transaction processing platform with an integrated Euronet Back Office (EBO) infrastructure.
These capabilities support ATM and recycler monitoring, service coordination and dispatch, cash management, transaction processing, reporting, and ongoing security and compliance enhancements.
Diebold Nixdorf brings decades of self-service banking experience, advanced cash recycling technology, banking software and a global field service organization.
Together, the companies aim to combine proven operating infrastructure with advanced technology and services to improve ATM economics, support operational reliability and expand the role of self-service channels in delivering financial services.
Octavio Marquez, President and Chief Executive Officer of Diebold Nixdorf, said: “Banks are under increasing pressure to improve ATM network efficiency, but the opportunity goes beyond cost reduction. By combining Diebold Nixdorf's cash recycling technology and global field services with Euronet's operating and transaction capabilities, we can help banks lower costs while expanding the financial services available to their customers. This collaboration would build on our branch automation strategy and open new opportunities for growth for our customers.”
Michael J. Brown, Chairman and Chief Executive Officer of Euronet Worldwide, said:
“ATM outsourcing has been at the heart of Euronet’s business for more than 30 years. Our global network, Ren processing platform and integrated ATM operations give us the scale and experience to run complex ATM estates efficiently and reliably. Combined with Diebold Nixdorf’s cash recycling ATMs and global field services, we can help financial institutions simplify operations, improve efficiency and offer a broader range of transactions at the ATM. We see significant potential in this collaboration.”
