26th Jul 2019 11:06
(Alliance News) - Cyber security Shearwater PLC said Friday a subsidiary secured a multi-year contract from BMW AG-owned Parkmobile to ensure payment security compliance.
Parkmobile provides electronic parking payments services and serves over 22 million customers across 1,000 towns and cities internationally.
Xcina Consulting - a subsidiary of Shearwater - will deliver a qualified security assessment to the UK and Netherlands payment card data environment of Parkmobile to ensure it is compliant with the Payment Card Industry Data Security Standard.
No financial details for the contract were provided.
"This contract clearly demonstrates that Xcina Consulting is a trusted advisor to its clients and drives value through longer term and deeper relationships," Shearwater Chief Executive Officer Phil Higgins said.
Shares in Shearwater were 9.0% higher at 2.07 pence in London on Friday.
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