Proxama secures contract with South African Diners Club

31st Jul 2015 15:33

(ShareCast News) - Shares in Proxama jumped on Friday after the marketing and mobile payment solutions group announced a new contract with Diners Club.Diners Club, the South African franchise of the Standard Bank, will receive Proxama's payment application manager, EMV transaction manager and PIN manager services.The services will enable the company to manage smart card issuing, process transactions and securely handle and store customer information.Furthermore, Proxama said it will provide its digital enablement paltform.Patrick Regester from Proxama said: "This new contract win creates the opportunity for another long term partnership with an established and recognisable client, demonstrating our ability to bring new capabilities to the payment industry with substantial benefits for payment processors and their cardholders."Shares rose 5.45% to 1.45p on Friday at 14:17.