SOURCE: 1102 Grand

December 18, 2007 11:10 ET

PaySpot Expands Into 1102 GRAND Facility to Support the Expansion of Its Disaster Recovery Facilities

NEW YORK, NY and KANSAS CITY, MO--(Marketwire - December 18, 2007) - 1102 GRAND, a member of the Carrier Hotel Alliance (CHA), which professionally links dozens of premier interconnection facilities around the country, has been chosen by PaySpot, Inc. to support the expansion of its disaster recovery facilities and provide additional backup facilities for RIA Envia, Inc. PaySpot and RIA both operate as subsidiaries of Euronet Worldwide, Inc. (NASDAQ: EEFT), an industry leader in providing secure electronic financial transaction and payment processing solutions. 1102 GRAND is Kansas City's largest carrier-neutral facility specifically enhanced with the infrastructure to host and provide services to an array of global network operators including carriers, service providers and enterprise customers who demand highly secure and connected, customized solutions for their core networking equipment.

PaySpot is a leading U.S. prepaid electronic payments processor and delivers a comprehensive array of electronic products and services through existing credit/debit terminals, check verification terminals, web-based applications and integrated register systems. By using superior technology and having access to carrier-grade networks and facilities management, PaySpot offers a suite of products that allow retail stores to "do it all" with one terminal.

"PaySpot is continually evaluating ways to provide the highest quality service to its prepaid customers," said Eric Mettemeyer, CFO for PaySpot. "In order to remain a reliable, long-term leader in any industry, investments like this are necessary and customers should expect nothing less."

After committing to invest in additional infrastructure to support its U.S. business, PaySpot took care in finding the right site for its disaster recovery facility.

"We are delighted to host PaySpot in our facility," stated Todd Applegate, Business Development Manger at 1102 GRAND. "Our building along with our core infrastructure, positioned directly on Kansas City's major metropolitan fiber ring, provides global network operators and enterprise companies the ability to securely host their networking equipment and mission critical applications while gaining direct access and proximity to major global networks required to carry their voice and data solutions."

PaySpot is just one of the many enterprise network operators who demand carrier neutral network-grade facilities with access to an array of global network operators through Meet Me Room services. Benefits for enterprise companies include secure and reliable network facilities and flexible cost effective connectivity options to multiple and diverse global networks. Most carrier hotels are located on major fiber crossroads with dual power grids, battery back-up systems and generator services to ensure mission critical applications are kept flowing, through the most difficult natural or human induced disasters.

About the Carrier Hotel Alliance

The CHA is a cooperative effort of North America's key carrier hotel owners. By forming a single vantage point, existing and prospective customers have the opportunity to build their entire North American network through one network neutral organization. Participants include: 1102 GRAND (, CRG West (, telx (The telx Group, Inc.,, and The Westin Building (Sixth & Virginia Properties,

About PaySpot, Inc.

PaySpot, Inc., a subsidiary of Euronet Worldwide (NASDAQ: EEFT), is one of the leading prepaid processors in the U.S. Launched in 2002, PaySpot offers a comprehensive array of prepaid products, including prepaid wireless, prepaid long distance, prepaid gift cards, prepaid debit cards, bill payment, money transfer, check guarantee, merchant processing and age verification. The PaySpot system supports online electronic top-up at retail locations via a range of POS terminals or through integrated electronic cash registers for retailers with multiple locations and multiple checkout points. Visit for more information.

About 1102 GRAND

1102 GRAND is the largest carrier neutral facility in the Kansas City Metro area and is one of the fastest growing of its kind in the Midwest. The building serves as a major hub for voice and data traffic in the region by providing a facility with the necessary infrastructure for carriers, service providers, and enterprise customers to do business together reliably and cost effectively.

1102 GRAND offers a wide array of colocation options including cabinets, cage space, private data suites, and raw space for larger build outs up to 7000 contiguous square feet, all of which are connected to a carrier neutral Meet Me Room which houses the vast majority of Kansas City's carriers and service providers including AT&T, Level 3, Verizon Business, Time Warner Cable, Cox Communication, and Qwest.

About RIA Envia Inc.

RIA, a Euronet Worldwide subsidiary, is the third-largest global consumer-to-consumer remittance company. RIA's primary services include money transfer, bill payment, money orders and check cashing. The company offers transfers under the brands RIA Money Transfer, AFEX Money Express and Kim Phu Money Transfer. Originating money transfers across 13 countries in North America, the Caribbean, Europe and Asia, RIA terminates transactions through an extensive payer network across more than 85 countries. For more information, visit

Contact Information

  • For more information contact:
    Darren Bonawitz
    1102 GRAND
    Email Contact