22nd Jul 2015 08:13
LONDON (Alliance News) - Mobile commerce company Proxama PLC on Wednesday said it has signed a contract with an unnamed payment processing company in Europe to provide secure electronic distribution of card PIN numbers.
Proxama said the deal is worth GBP100,000 in its current financial year and has the potential to produce further revenue beyond this.
"This new contract award builds on our long term partnerships with clients and continues to demonstrate our ability to bring innovative solutions to the payment industry with substantial benefits for payment processors, issuing banks and their cardholders," said Mike Woods, the chief executive of Proxama's digital payments division.
Shares in Proxama were flat at 1.45 pence on Wednesday morning.
By Sam Unsted; [email protected]; @SamUAtAlliance
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