Global payments utility company Earthport Plc. says it has signed a contract with a leading Australian financial services company to link its global automated teller machine infrastructure with Earthport’s universal payments network platform.
The company expects annual revenues in excess of $1 million from the contract with a commitment of 500,000 transactions in the first year.
Earthport says it is also offering a bank-to-bank transfer loading service involving 4.8 million transactions annually for an Asian bank and an optional loading service for 30 million client’s cardholders of another Asian bank.
The company says it also won a project from a Middle Eastern Exchange which specializes in remittances and said all the projects represent separate and additional revenue streams.