Vipera PLC Bankart HCE Solution (9175G)

TIDMVIP

RNS Number : 9175G

Vipera PLC

02 June 2017

For immediate release 2 June 2017

VIPERA PLC

("Vipera" or the "Company")

Bankart HCE Solution

Vipera (AIM:VIP), the cutting edge provider of mobile financial services and digital customer engagement solutions, is pleased to announce a multi-year agreement with Bankart d.o.o., a leading payment processor, providing ATM, POS, card and SEPA processing services to 26 banks and other financial institutions in five countries in Southeastern Europe. Vipera will initially be providing a mobile wallet and mobile payment solution utilising Host Card Emulation (HCE), the new and universally recognised technology for implementing mobile contact-less payments.

Vipera's proprietary mobile banking and payment platform, Motif, enables financial services and retail customers to effectively manage their digital channels and provide a range of services in a single user experience. Motif is integrated with Mastercard and Visa's tokenization services which will orchestrate the HCE processes for Bankart. The Motif platform is a multi-tenant solution, allowing Bankart to serve all of its territories and customers from a central installation and allows end users to perform payments from their Android mobile phones.

The multi-year agreement includes a licence fee linked to volumes. This will enable Bankart to offer a range of additional services to its client banks and their customers, leveraging the Motif platform.

Marco Casartelli, CEO of Vipera plc, commented: "We are delighted to have agreed such a significant and multi-year agreement with Bankart and we very much look forward to delivering more innovative solutions together in the future."

Toma Borštner, Division Manager, Technology Division, Bankart, commented: "Vipera demonstrated the technical capability and flexibility that we were looking for in such an important project. The Motif platform and the fact that it is already integrated with both Mastercard and Visa were important factors in choosing Vipera and we are very pleased to have agreed a multi-year partnership."

Contact:

 
 Vipera PLC 
  Marco Casartelli (CEO)            Tel: [phone] 
  Martin Perrin (CFO)               2037 
  Simon Pearce (CMO)                Tel: +44 (0) 
                                    20 7193 0833 
                                    Tel: +44 (0) 
                                    207 097 8632 
 finnCap Ltd (Nomad and Broker)   Tel: +44 (0) 
  Adrian Hargrave / Anthony        20 7220 0500 
  Adams (Corporate Finance) 
  Camille Gochez (Corporate 
  Broking) 
 IFC Advisory Ltd (Financial      Tel: +44 (0) 
  PR and IR)                       203 053 8671 
  Tim Metcalfe 
  Graham Herring 
  Heather Armstrong 
 

About Vipera:

Vipera Plc (AIM:VIP) a cutting edge Mobile Financial Services and Digital Customer Engagement Solutions provider, serves financial institutions worldwide with differentiated mobile banking, card management and customer engagement capabilities based around its proprietary bank grade multi-purpose platform, Motif. Additionally, it provides consultancy and other services to banks and financial institutions. For further information, please visit www.vipera.com

About Bankart:

Bankart d.o.o., Ljubljana is a leading Slovenian company in the field of payment processing. It was founded in 1997 by the majority of banks in Slovenia and it provides ATM, POS, card and SEPA processing services to 26 banks and other financial institutions in 5 countries in Southeastern Europe. Bankart's acquiring network consists of more than 2.000 ATMs and more than 20.000 POS terminals. Issuer processing is provided for more than 3 million cards.

This information is provided by RNS

The company news service from the London Stock Exchange

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June 02, 2017 02:00 ET (06:00 GMT)