Lo-Q partners up with Mastercard

Lo-Q, the AIM-listed provider of virtual queuing systems for theme parks, water parks and major attractions, has signed a global memorandum of understanding (MoU) with MasterCard International. Under the terms of the MoU, which will run for a period of three years, the firms will work together to develop and market a new contactless payment solution that combines MasterCard's Tap & Go PayPass payments technology with Lo-Q's queuing software and systems. Richard Burdett of MasterCard Worldwide said: "Working with Lo-Q we all saw the synergies in our respective products and great opportunities to provide cardholders and the Leisure and Entertainment industry combined contactless payment and virtual queue technologies in one product." Lo-Q's share price rose 4.29% to 194.5p by 12:11.NR