Geldmaat Selects EVO Payments International GmbH
Optimisation of card acceptance at ATMs planned.
Geldmaat, an ATM service joint venture between the three largest banks in the Netherlands, announced last week a five year service agreement with EVO Payments International GmbH (“EVO GmbH") for card acceptance at ATMs in the Netherlands.
EVO GmbH offers a broad range of ATM services, including dynamic currency conversion (DCC) solution, split settlement, and multicurrency capabilities. Fully integrated with national and international card works, including Visa, Mastercard, American Express, JCB, and UPI, EVO GmbH is a market leader in ATM acquiring services and delivers such services in 17 countries across Europe.
Under the new agreement, Geldmaat will provide all of the cash-related services offered by the banks to ensure the future availability, accessibility and affordability of cash in the Netherlands while EVO GmbH will deliver the ATM acquiring services to enhance Geldmaat’s ability to operate efficient, reliable ATM services.
Geert Eikelboom, CEO of Geldmaat, stated, "Recent years have seen a decline in the use of cash in the Netherlands, but cash will remain crucial for the foreseeable future. We are excited to work closely with EVO GmbH to ensure cash remains available to everyone in the Netherlands. EVO GmbH’s experience and expertise in ATM acquiring will play a vital role in realizing this vision and delivering an optimized, secure network in the Netherlands, even within the challenging context of a society where cash is used less and less.”
Darren Wilson, EVO’s President—International, added, “We are excited to work with Geldmaat to support accessible and secure ATMs equipped with advanced technology and services throughout the Netherlands. Although cash-to-card conversion is increasing across all of Europe, the need for cash availability is still strong and we are pleased to provide our services to fulfill this demand.”
Geldmaat was set up in 2011 as a joint venture between ABN AMRO, ING and Rabobank to provide the collection, counting, processing and distribution of cash. From this existing partnership, the ownership and operation of ATMs of the participating banks will be transferred to Geldmaat. Aim of this partnership is to maintain an optimal and secure network of ATMs for the future. And ensuring the ready availability of cash even in times of declining usage.
About EVO Payments:
EVO Payments International GmbH
EVO Payments International GmbH is a European subsidiary of EVO Payments, Inc. (NASDAQ: EVOP) and a payment institution licensed in Germany. As a payment institution and a principal member of Visa and Mastercard, EVO Payments International GmbH is the exclusive provider of card acceptance solutions for Global Transaction Banking (GTB) for Deutsche Bank in Europe or Postbank - a branch of DB Privat- und Firmenkundenbank AG, and have repeatedly been honored as the best provider for internationally active retailers.
EVO Payments, Inc.
EVO Payments, Inc. (NASDAQ: EVOP) is a leading payment technology and services provider. EVO offers an array of innovative, reliable, and secure payment solutions to merchants ranging from small and mid-size enterprises to multinational companies and organizations across North America and Europe. As a fully integrated merchant acquirer and payment processor in over 50 markets and 150 currencies worldwide, EVO provides competitive solutions that promote business growth, increase customer loyalty, and enhance data security in the markets it serves.