Emerchants Ltd (ASX:EML) and Edge Loyalty Renew Agreement
Sydney, April 28, 2015 AEST (ABN Newswire) - Emerchants Limited (
ASX:EML) (EMCHF:OTCMKTS) is pleased to announce that it has renewed its agreement with Edge Loyalty for the provision of prepaid gift card solutions for a further 3 years with the potential to extend the agreement to a 5 year term.
Mr Tom Cregan, Managing Director of Emerchants Limited said, "We have had a long lasting relationship with Edge Loyalty, the market leader in B2B gift cards in Australia, and we're very pleased to extend that relationship for a minimum of 3 years. Both parties have had a fruitful relationship in working together to support both existing programs and identify and implement new business initiatives".
Edge Loyalty Managing Director, Mr Nick Sims, echoed Mr Cregan's comments, stating: "We've been a business partner of Emerchants since their inception and we look forward to growing our B2B gift card business with them in the coming years. We are also working on a number of other opportunities domestically and internationally which we believe will help expand our businesses in the coming years".
ABOUT EDGE LOYALTY
Edge Loyalty was founded in 2007 and subsequently acquired by Village Roadshow Limited in 2012. With offices in Melbourne and Sydney, Edge Loyalty has grown to become Australia's leading provider of loyalty, reward and incentive solutions, promotions and prize coverage.
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.
| ||
|
