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MoPowered (AIM: MPOW), the mobile commerce specialist, today announces the launch of a new product, MoPowered 3DS, which marks the commercialisation of a technology that the Group has been using as a component within its Software-as- a-Service ('SaaS') platform for over a year. This is in-line with MoPowered's growth strategy, as detailed in its IPO Admission Document, to expand the Group's business into potential future revenue streams through organic growth opportunities. MoPowered 3DS will enable secure transactions to be actioned more easily on mobile and tablet devices. Many online payments made with bank cards require the transaction to be authenticated with the purchaser's card-issuing bank. The system used to do this is generically known as 3D-Secure and is branded as "Verified by Visa" for Visa cards, "SecureCode" for Mastercard cards and "SafeKey" for American Express cards. The completion of a 3D-Secure process typically requires the submission of letters and numbers from the purchaser's password so that a transaction may be completed. Historically, 3D-Secure processes have been difficult to complete on mobile devices because the pages have not presented well on the wide variety of smaller screen sizes; it has been hard to enter the password credentials; and screen flow to and from the 3D-Secure page has been awkward. Where this has previously had a negative impact on the payment process, MoPowered 3DS provides a solution to these problems and is easy to integrate into broader mobile commerce systems to make higher levels of conversion possible. The solution retains all of the security features of 3D-Secure. MoPowered has already signed a two year initial contract, with a major international remittance business, who is the initial third-party adopter of MoPowered 3DS. The contract provides for payment of a modest monthly retainer with the bulk of the revenue expected to come from fees levied on a per authentication basis, ranging between 25 pence and 10 pence, depending on volume. In addition, the Group has received interest in the technology from other large organisations in the payments, gaming and retail sectors. MoPowered 3DS is internationally applicable, solving a common payment problem all around the world. MoPowered expects that the commercialisation of this technology will support the achievement of its revenue targets in 2014 and beyond.
Sorry to hear you made a loss but I did forewarn you yesterday to be aware of the 'dead cats bounce' syndrome .... if anything, midday yesterday was the time to sell and not to buy.
Has the worm finally turned?
Lego, will catch up with you on the QPP board sometime....
SP shifting into another gear ... but just look at the spread - BID 615.00 vs 640.00 ASK ....
Having bought in at 6p, I sold yesterday at 152p .... I need to bank some profits (for yet another business venture) and the price here was just too tempting. ATB to those who remain committed to MAR. This has proven to be one hell of good share.
lol ...
up 23.91%
7.12p .... up 23.91p
6.75p already up 17%
Reach4Entertainment Enterprises PLC:New agreement with Allied Irish Bank Group (UK) plc.For which covenants have agreed, establishes six year credit facility for term from April 7.New interest rate of 3 per cent over LIBOR, for r4e's 14.8 mln Pound revolving credit facility. This is going to fly today!
154p double :)) :))
LP 152p :))
Mate, LP 151.75p .... more than a little rise ... we are now firmly crossing unchartered territory ....
I think people will find a re-entry point very difficult. This one just keeps giving. LP 147.75p :))
A lot of good points and you have the right to your opinion. However, the market value is just that - what the market considers PURE value to be. Presently this value is 600p equating to a market cap nearing £1b. I too have had many second thoughts about this company, and on more than a few occasions I have top sliced only to pile back in with much more. I have effectively experienced a stress free increase of over 700%. I now have a very considerable holding in PURE and I am not in the least bit concerned with percieved corrections and profits. It is the potential I have bought into. Come back here in 4-months and this will be at 700p. You heard it here first! ATB.
LOL ....
it seems some have sold in anticipation of retrace. I for one remain firmly here, still confident as I have been since 6p. GLA no matter what your strategy is .... oh, nice rise today :-))
Lego, thanks. i will do
Lego, I hope we get news soon ... all my shares good do with a kick start. I noticed you are in QPP as well. Well done on that ...