Eckoh continues to cash in on the payments boom
The company's payment services specialise in card-not-present transactions, payments made without face-to-face contact or verification, usually online or via mobile
Company
LON:ECK
Eckoh PLC is a global provider of secure payment products and customer contact solutions, supporting an international client base from its offices in the UK and US. The company's large portfolio of clients comes from a broad range of vertical markets and includes government departments, telecoms providers, retailers, utilities, insurers and financial services organisations.
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The company's payment services specialise in card-not-present transactions, payments made without face-to-face contact or verification, usually online or via mobile
The latest contract win adds to the growing base of clients in the healthcare sector
Organisations use CallGuard to secure their customers' payment data and mitigate against fraud
"With a strong sales pipeline, we look to the future with confidence," said Nik Philpot, the CEO of Eckoh
The coronavirus pandemic this year and the award of a big one-off contract in 2019 meant it was difficult for Eckoh to improve on last year's half-year showing but momentum has started to return
The company said its board will continue to keep its dividend policy under close review whilst the current macro-economic and coronavirus (COVID-19) uncertainty remains
The deal will see Eckoh assist Capita in expanding its platform capabilities while streamlining and improving customer engagement via self-service applications
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"Eckoh had an excellent performance in the year, with double-digit revenue and profit growth," said chief executive Nik Philpot
CallGuard, which allows agents to take payments securely in remote locations over the phone, has seen a surge in uptake as workforces across the economy transfer to working from home during the pandemic
“We’re very fortunate that our services, by and large, still need to be used by companies and are something that people are not able to do without”, said CEO Nik Philpot
The secure payments specialist reported 10% growth in its order book to £35.9mln for the year ended March 31
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The company maintained its full-year guidance in the wake of a robust set of interim numbers
For the six months ended 30 September, the payments group said revenues in the US had risen 15% year-on-year to US$14.4mln
Eckoh said its financial position remains strong and it is confident of further progress in the second half of the year
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The secure payment products and customer contact solutions provider hailed the deal as a "significant extension" of its relationship with the US telecoms company
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The UK's premier share index closed around 73 points higher at 7,499, while FTSE 250 was also up - around 170 points to 19,632