Signs Agreement with bet365
Sydney, Nov 19, 2014 AEST (ABN Newswire) - Emerchants Limited (
ASX:EML) is pleased to announce that it has signed an agreement with corporate bookmaker, bet365, to provide their customers with reloadable winnings cards.
It is planned that these cards will be rolled out in the first half of 2015, pending approval from Emerchants' sponsoring Authorised Deposit-Taking Institution (ADI).
Mr Tom Cregan, Managing Director of Emerchants Limited said:
"We would like to thank bet365 for entering into a multi-year agreement with Emerchants and we look forward to launching a program in market for them before the end of the current financial year, subject to bank and regulatory approval. bet365 is a significant corporate bookmaker in Australia and the bet365 Group has a substantial global presence. bet365 will be a key partner for Emerchants in the future and we look forward to working closely together with the bet365 team.."
ABOUT BET365
bet365 is an online gambling company offering sports betting as well as video streams on sporting events. The bet365 group of companies is also one of the world's leading online gambling groups with over 14 million customers in over 170 countries. bet365 is the trading name for Hillside (Australia New Media) Pty Ltd which is regulated and licensed by the Northern Territory Government.
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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