LONDON (Alliance News) - Payments company Earthport PLC on Monday said it has signed a deal with the United Nations Federal Credit Union, the New York-based credit union for the international organisation.
Earthport, which did not provide any financial details on the contract, said the agreement is in the implementation phase and said it expects the service to be operational by the end of the year.
"The Earthport service will be implemented to enhance UNFCU's ability to conduct international payments across a range of products with even greater efficiency, security, transparency and timing," said Earthport Chief Executive Officer Hank Uberoi.
Earthport shares were up 1.7% to 46.29 pence in early trade on Monday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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