Signs Agreement With Sportsbet.com.au
Brisbane, July 3, 2014 AEST (ABN Newswire) - Emerchants Ltd (
ASX:EML) (EMCHF:OTCMKTS) (emerchants) is pleased to announce it has signed a multi-year agreement with leading corporate bookmaker Sportsbet.com.au to provide their customers with personalised cards for immediate access to winnings. The program, which is set to launch in the second half of 2014, pending approval from emerchants' sponsoring Authorised Deposit-taking Institution, will enable users to move winnings from their wagering account to their card for use at ATMs and points of sale across Australia.
In commenting on the agreement, Mr Tom Cregan, Managing Director of emerchants, said:
"We're excited to be working with Sportsbet.com.au and bringing our innovative payment solutions to their customers.
In addition to being able to withdraw their winnings at ATMs across the country, customers will have the ability to push funds on the card back to their wagering account. The agreement will also involve integrating the emerchants prepaid platform into the Sportsbet.com.au website to provide a seamless experience for their customers."
To view the release, please visit:
http://media.abnnewswire.net/media/en/docs/77536-ASX-EML-682921.pdf
About Emerchants Ltd
Emerchants Ltd (ASX:EML) (OTCMKTS:EMCHF) is a payments solutions provider of prepaid financial card products and services in Australia. By using its proprietary Secure Account Management (SAM) system, the Company provides its clients with innovative financial service payment solutions for reloadable and nonreloadable pre-paid card programs.
Emerchants' proprietary technology, processing capabilities and program management services offers clients more control and flexibility in managing corporate expense programs, funds disbursement, petty cash, per diems, emergency payments, disaster/welfare programs and many other individual and bulk payment scenarios. Emerchants partner with well-established banking institutions and card associations (eftpos, Visa) to ensure card programs are fully compliant, scalable and easy to implement for clients.
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