Payments specialist Eckoh (ECK) has won a four-year contract with a US Fortune 250 retailer, and signed a partnership with a global payments company in the US. The group’s shares climbed 6 per cent in response.
IC TIP:
Buy
at
40p
The retailer will use Eckoh’s CallGuard product, in a deal worth at least $1.9m (£1.4m). The group has now won 11 US payment contracts this financial year, against nine a year earlier. Meanwhile, the payments company works with millions of individual merchants worldwide. This should boost Eckoh’s opportunity pipeline in the new financial year.
