RIA Money Remittance: The Convenience Of Sending Money Anywhere, Anytime.
|RIA Expands Offerings through New Web-Based Remittance Service. IN PHOTO: Executives from RIA Financial Service, Banco De Oro, Bank of the Philippine Island, MLhuillier and Signed and Delivered, Inc.|
RIA Financial Services, Buena Park, California, a subsidiary of Euronet Worldwide, Inc. (NASDAQ: EEFT), today announced the upcoming launch of Riaworldwide.com, an electronic money remittance website to allow overseas Filipino communities to send money to their family and friends to the Philippines or anywhere else in the world.
The new web-based service will be made available to customers in December and is designed to cater to the needs of busy, Internet-savvy professionals who prefer the convenience of sending money quickly and safely from the comfort of their own home.
Timothy Fanning, Chief Operating Officer of RIA Financial Services, said: “Riaworldwide.com will allow us to capture a new demographic by broadening our consumer base and provide our customers with online access to our reliable, secure and convenient money transfer services. Unlike other online remittance services, Riaworldwide.com charges competitive foreign exchange rates and low customer fees, which are based on the amount of the money transfer transaction and the delivery method that customers want their beneficiaries to receive the funds.”
Added Fanning: “We also pride ourselves for having the largest global send and payout network which covers 110,000 locations serving 130 countries, and strategic partnerships with local financial institutions and service partners which meet the needs of our customers.”
Through Riaworldwide.com, RIA simplifies the remittance process for both senders and beneficiaries.
RIA offers a robust range of collection options for beneficiaries. Beneficiaries in the Philippines can collect their funds via their bank account, at any RIA agent location or partner bank or even have the funds delivered straight to their doorstep. RIA offers a unique home delivery service to over 600 towns and cities across the Philippines. Alternatively, beneficiaries in the country can pick up their funds at any of the 3,199 branch locations of RIA’s service partners.
To send funds, customers simply have to go online to http://www.riaworldwide.com and create an account by completing the online form on the website. Senders can send money online via their bank account, debit card or their Visa or MasterCard credit card. Safety is ensured on the site through partnership with reputable vendors - Experian for identity verification and CyberSource for credit card processing - as well as industry-leading security software that is integrated into the website.
RIA has company-owned stores and authorized agents in 35 countries from where remittances can be sent to the Philippines. The company plans to develop their network and increase this number so as to be able to better serve the other Filipino communities.
About Euronet Worldwide, Inc.
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 10,519 ATMs and a growing portfolio of outsourced debit and credit card services which are under management in 26 countries; card software solutions; a prepaid processing network of approximately 541,000 point-of-sale terminals across approximately 266,000 retailer locations in 20 countries; and a consumer-to-consumer money transfer network of approximately 110,000 locations serving more than 130 countries. With corporate headquarters in Leawood, Kansas, USA, and 36 worldwide offices, Euronet serves clients in approximately 145 countries. For more information, please visit the Company’s Web site at: www.euronetworldwide.com.
About RIA Financial Services
RIA Financial Services, Euronet Worldwide, Inc. subsidiary company – is one of the largest global money transfer companies in terms of business volume and revenues. It provides global consumer-to-consumer money transfer services through a sending network of agents and Company-owned stores, disbursing money transfers through a worldwide payer network. In addition to money transfers, RIA Financial Services offers consumers bill payment services, prepaid debit cards, check cashing and other financial services. Today, Euronet’s Money Transfer segment:
- Owns and operates a transaction processing center in the United States;
- Provides electronic consumer-to-consumer money transfer services through a network of approximately 110,000 locations serving 130 countries;
- Processes approximately $6 billion in money transfers annually.
For more information or to apply to be a RIA agent, please visit the Company's Web site www.riafinancial.com.