Eurogiro: The Annual Meeting for Postal Organisations and Banks Opens in Athens

Copenhagen, Denmark And Athens, Greece (ots/PRNewswire) -

Co-hosted by ELTA Hellenic Post -

Member since 2000

Tomorrow Eurogiro's annual Community Meeting will bring together
more than 60 members of the Eurogiro network to share strategies for
the development of the money transfer business throughout the world.
Many payments made in Greece, and transferred rapidly and reliably to
a beneficiary in another country, are likely to have been carried by
Eurogiro, a community of important postal organisations, banks and
networks in the international electronic payments business.

(Logo: http://photos.prnewswire.com/prnh/20120507/530940 )

"The community is the backbone of Eurogiro and much business is
initiated at the annual member meeting" confirms Soren Rose, CEO of
the Copenhagen-based company. According to Mr. Rose the payments
business has grown steadily, despite the current financial crisis,
and Eurogiro has continuously expanded its member base throughout the
world, providing cost efficient and flexible payment services.
Eurogiro members provide reach for payments to both urban and rural
customers alike."

Eurogiro, founded in 1993 by twelve European postal organisations,
is a commercial company whose aim it is to develop worldwide business
relating to the cross-border payments of both retail and wholesale
financial services. The Eurogiro community is the driving force
behind all business developments. Over the past twenty years, the
company has evolved from a platform of postal organisations and banks
into a trusted partner at a global level, processing over 30 million
payments every year.

ELTA Hellenic Post - a Eurogiro member since 2000 - is an active
member and contributor within the Eurogiro community.

"Hosting this year's Eurogiro Community Meeting is a great
privilege, but also an important part of our strategy and our efforts
to ensure that our customers are provided with an attractive offer
for cross-border payments services," said Mr Christos Varsamis,
President and CEO of the Hellenic Post S.A. "The implementation of
Eurogiro electronic money orders enabled us to significantly
accelerate the performance time of the service and to considerably
improve its quality."

The most important corridors for Eurogiro incoming money orders to
Greece for almost ten years now are: Belgium, Germany, Switzerland,
France, and Italy.

In September 2010, Hellenic Post-ELTA launched the new GiroAccount
in cooperation with the National Clearing System through which
customers can hold payment accounts (interest-free current accounts)
used exclusively for payment transactions. In this way ELTA can keep
payment accounts in order to serve these financial activities.

Contact: Soren Rose, [email protected], phone:
+45-43-712-772

Photo: http://photos.prnewswire.com/prnh/20120507/530940

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