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September 9, 2015updated 04 Apr 2017 4:01pm

Proxama signs reseller agreement with Stanchion Payment

Proxama, a proximity marketing and m-payment software application provider, has signed an international reseller agreement with Stanchion Payment Solutions.

By Verdict Staff

Proxama, a proximity marketing and m-payment software application provider, has signed an international reseller agreement with Stanchion Payment Solutions.

As part of the agreement, card issuers and processors will be able to design and deliver new services to meet the growing needs of their customers for payment solutions.

The deal will also enable Stanchion to resell Proxama solutions for NFC mobile payments, tokenization, advanced PIN management and EMV enablement.

Through this agreement, banks, retailers and processors can quickly and easily extend current customer propositions with secure mobile payment and proximity engagement solutions, including marketing promotions and loyalty programs.

With the support from Stanchion, Proxama has signed a contract with Diners Club in July 2015 to supply its full range of EMV Migration solutions for EMV issuing, transaction processing and PIN management for its card products.

Stanchion has operations in Europe, North America, Africa and the Middle East.

Proxama digital payments division CEO Mike Woods 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."

Stanchion CEO Graham Williams said: "Our working with Proxama will give our customers access to innovative technologies that complement and enhance their core systems to enable NFC mobile provisioning, or advanced customer-centric security management, such that end users remain confident in the payment ecosystem."

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