Acquisition will provide leading mobile payment firm with access to issuer side technology, complementing its comprehensive suite of technology products
SINGAPORE, 28 June, 2012 – Leading secured payment technologies firm, SCCP Payment Services Holdings, announced its strategic entry into the secured authentication space with a large majority stake purchase agreement with 4G SECURE SAS (Europe), a company specialised in the development of a full patented authentication platform and mobile phone applications.
The acquisition of Europe’s frontrunner in authentication and mobile security solutions is SCCP Payment Services Holdings’ latest step in its expansion into the mobile commerce marketplace. “As part of our growth strategy, we have sought to expand our hold on the mobile payment space through accessing new technologies that complement what we already have in the form of Swiff,” said Jerome Cle, Founder and CEO of SCCP Payment Services Holdings. “4G SECURE is a natural fit because its patented and proven authentication technologies align with our payment solutions. The synergy provides our clients with highly secured mobile transactions solutions in a world where hackers and digital thefts are becoming increasingly sophisticated.”
4G SECURE provides an extensive range of strong authentication services to the growing digital couponing, gaming, ticketing and mobile commerce industry. Clients such as Cheque Dejeuner, Prowebce, Ubiqus and Oberthur Technologies find it a quick, easy-to-use, and low cost secure solution. Prior to the acquisition, 4G SECURE has supported SCCP Payment Services Holdings with solutions in mobile security that includes electronic signatures and two-factor authentication.
Benoît Delestre, President of 4G SECURE, who will join SCCP Payment Services Holdings as CEO of SCCP France, noted: “The strength of SCCP in payment solutions will provide 4G SECURE an inroad into the banking and financial industry, therefore creating opportunities for us to cross-market our solutions between both firms. Our mobile wallet solution will also create a new avenue for more mobile commerce services to be developed.”
SCCP has completed over 70% purchase of 4G SECURE SAS (Europe) in June. SCCP currently controls over 60% of 4G SECURE International. A full integration of all staff and the management team will be implemented while existing locations and facilities will remain unchanged.
About SCCP Payment Services Holdings
SCCP Payment Services Holdings is a leading innovator in secured payment technologies worldwide. Incorporated in 2010, it brings together a suite of end-to-end secured payment solutions to card issuing and merchant acquiring services globally. With the company’s combination of unique patented proprietary technologies in payments processing and authentication, merchants and financial institutions are able to deploy one integrated payment solution. Headquartered in Singapore, SCCP strives to deliver tailored payment solutions for its customers in Asia Pacific, Africa, Europe and North America. For more information on SCCP, please visit us at www.sccpgroup.com
About 4G SECURE
Based in Paris and founded in 2010 by experts in the field of the payment industry, secure mobile and contactless services (2D/1D, NFC), 4G SECURE is specialised in development and publishing of mobile applications and servers. 4G SECURE provide white label and turnkey solutions in SaaS and Cloud mode based on patented technology to secure mobile and online transactions, mobile payments, deal vouchers and gift cards. For more information on 4G SECURE, please visit us at www.4gsecure.com
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