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Wireless

Proxama to buy Aconite Technology

Tuesday 4 November 2014 | 14:08 CET | News
Mobile marketing, loyalty and payments specialist Proxama said it was in the process of acquiring Aconite Technology, an EMV enablement and smart product management software provider. The merger is expected to create a new end-to-end system for card issuers to migrate from magnetic stripe credit cards to both EMV-compliant chip-based cards and contactless payment-enabled mobile devices. The final terms of the acquisition are still subject to the completion of appropriate legal and financial due diligence and the agreement of definitive terms.

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Categories: Mobile & Wireless
Companies: Proxama
Countries: United Kingdom / World
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