ID Data inks £3m card contract
ID Data Group plc (AIM: IDD), the smart card and card solutions group, today announces that it has won a significant contract to supply bank and co-branded cards to one of the world's leading financial services companies.
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The contract encompasses the manufacture, personalisation and fulfilment of smart bank cards for the UK market and the annual spend is expected to exceed £1million.
The initial three year contract is expected to lead to further business as ID Data proves its skills and capabilities to the client. These include the Company's leading touch and go payment technology along side its traditional technology which is used for chip and pin transactions.
Commenting on the contract, Peter Cox CEO said: "This is a major win for ID Data in the financial services sector and together with the other major brands we are now servicing, should demonstrate to the investment community and other issuers of bank cards in Europe, that ID Data has a range of technology and services to match any of our global competitors.
Our company has completed a major transition to strengthen its offering to the financial sector and the Company now has the skills and capabilities to deliver flexible, world class solutions that will meet the demands of our clients for both high quality, and improved and proactive services."