Euronet Chooses BWise for Global Sarbanes-Oxley Compliance Support
New York, NY –October 24, 2005 – BWise, leading provider of compliance and enterprise risk management software, today announced that Euronet Worldwide (Nasdaq: EEFT), a leading electronic payments provider, has chosen BWise to support its global Sarbanes-Oxley (SOX) compliance management efforts.
The BWise product suite provides the most comprehensive internal control and risk management framework available and will help Euronet ensure compliance with regulatory requirements mandated by SOX, while enhancing key business processes. Specifically, BWise will provide Euronet with internal control and risk management capabilities including: process, risk and control documentation; SOX sections 404 and 302 testing workflow and certification; risk assessments; survey and questionnaires; and robust reporting functionality.
“Euronet chose BWise because they have the best solution available to support global compliance efforts like ours, with a flexible approach to more efficiently manage our worldwide internal controls and advance our capability to achieve operational benefits from the increased demands imposed on our business by SOX requirements,” said Rick Weller, Executive Vice President and CFO, Euronet Worldwide. “BWise will enable Euronet to implement a long-term sustainable solution for SOX compliance, thereby allowing us to better focus on our core competency of processing secure electronic financial transactions.”
“BWise welcomes Euronet as a valuable customer and we look forward to the opportunity to help them in their global efforts to comply with SOX,” says Robert Pijselman, Chief Executive Officer of BWise. “The BWise solution is perfectly suited to help companies like Euronet not only ensure compliance, but streamline key related business processes that will foster improved performance across the enterprise.”
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BWise is a global leader in compliance and enterprise risk management (ERM) software, with a strong heritage in business process management. Established in 1994, BWise delivers proven solutions to help organizations become “in control” by increasing corporate accountability, strengthening financial, strategic and operational efficiencies, and maximizing performance and ROI. BWise has developed a sustainable presence in the compliance sector with quick start templates for SOX, Basel II, SAS70 COSO, COBIT, and others. BWise has more than 1,200 customers in more than 80 countries worldwide, like AEGON, VNU/AC Nielsen, TNT, Bouwfonds/ABN AMRO, Toronto Dominion Bank Financial Group and 125,000 users in virtually all markets. For more information, visit www.bwise.com.
About Euronet Worldwide
Euronet Worldwide is an industry leader in processing secure electronic financial transactions. The company offers outsourcing and consulting services, integrated EFT software, network gateways, electronic prepaid top-up services to financial institutions, mobile operators and retailers, as well as electronic consumer money transfer and bill payment services. Euronet operates and services the largest pan-European group of ATMs and operates the largest Indian shared ATM network. Euronet is also one of the largest providers of prepaid processing, or top-up services, for prepaid mobile airtime. The company is a licensed electronic money transmitter and bill payment company via Euronet Payments and Remittance, Inc. The company has processing centers located in the U.S., Europe and Asia, and processes electronic top-up transactions at more than 208,000 point-of-sale terminals across more than 101,000 retailers in Europe, Asia Pacific, Africa, and the U.S. With corporate headquarters in Leawood, Kansas, USA, and 23 offices worldwide, Euronet serves clients in more than 70 countries. Visit the company's web site at www.euronetworldwide.com.