So do people think Barclaycard is still using Poxama's CardGateway for their NFC payments ? [link]
Good or Bad News: I have been sitting on the sidelines debating if to buy in or not and am still not sure. I keep reading all the positives on this board and everyone looking for good news from the webcast Tuesday but has anyone contemplated there might be bad news ? With all the bad news in the markets at the moment and banks with lots of exposure to all these drilling and mining companies in the form of loans maybe it is like the banking crises over again and banks are tightening up on loans ? Maybe the finance Jubilee was in the process of agreeing has been pulled ? Maybe the webcast is to say we will not be meeting the targets of starting to process at the end of the month and have no money left and no access to funds ? Just a thought...is it possible ?
17 Dec Proxama is pleased to announce that a leading U.S. financial services technology company, who is an existing client, has signed a new contract to facilitate the roll out of EMV processing services to the clients’ own customer base of financial institutions. Just did a bit of digging and it looks like the contract could be with Fiserv Inc a nasdaq 100 company worth over $20bn. And the client has requested that Proxama continues to provide support and maintenance services and the ability to use other Proxama products such as PIN Manager and Payment Application Manager. With a $1m upfront payment the revenue from this contract could be huge. Also Proxamas Payment Application Manager is used by the Industrial and Commercial Bank of China, one of the largest banks in the world, who are on target to have 100 million cards in circulation under the UnionPay banner who APPLE have just signed a contract with to take ApplePay into China. Could this be another huge income stream ? Todays talk is of a contactless payments system for UK transport systems. Proxama already has a system running in the Netherlands with Trans Link Systems, maybe another huge opportunity in the U.K ? This is just a few of the contracts they have already signed and there are many more. This company must surely be undervalued and could be huge ? Im in and thinking of topping up again