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LONDON (Alliance News) - Eckoh PLC Thursday said its secure payments unit has has won three new payments contract, two of which are with FTSE 100 companies.
The first contract, for three years, is with an unnamed FTSE 100 logistics and parcel delivery company which is deploying the Eckoh payments solution across their UK network of 14 contact centres. Eckoh said this will allow the company's agents to take payments over the phone. It is anticipated that over 1 million card transactions a year will be handled through the solution.
The second contract, which is for up to five years, is with an unnamed FTSE 100 retail company. This is a framework agreement covering the provision of secure payment services to initially one company within the retail group. However the contract offers the ability for other companies within the retail firm to be added over the course of the agreement.
Initially around 500,000 card transactions a year are expected to be processed by Eckoh's solution via this contract.
The last contract, for three years, is with an unnamed FTSE 250 supplier to the building industry. The Eckoh product will allow them to make payments at any time during the day.
Eckoh didn't disclose the financial terms of the deals, but said they are expected to go live in the first half of the new financial year.
The stock was trading at 38.07 pence Thursday morning, up 2.44 pence or 6.9%
By Anthony Tshibangu; anthonytshibangu@alliancenews.com; @AnthonyAllNews
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