Proxama inks partnership deal with Stanchion Payment Solutions

9th Sep 2015 09:36

(ShareCast News) - Mobile commerce company Proxama has reached a partnership and international re-seller agreement with payments group Stanchion Payment Solutions.The deal will offer card issuers and processors the opportunity to design and deliver new services to meet the growing needs of their customers for sophisticated payment solutions. As a result of the partnership, Stanchion will resell Proxama solutions for NFC Mobile Payments, Tokenisation, Advanced PIN Management, and EMV enablement.Stanchion has operations in Europe, North America, Africa and the Middle East.Mike Woods, chief executive officer of Proxama's digital payments division, said: "This partnership provides Proxama with an additional and valuable route to market, enabling us to widen our global reach and to leverage Stanchion's solution integration expertise to ensure customers can easily implement new payment solutions to sustain their competitive edge."No financial details were disclosed.At 0940 BST, Proxama shares were down 4.2% at 1.2939p.