SP1 0.00% $1.07 southern cross payments ltd

Ann: Further Australian card acquiring/processing contracts, page-36

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    *The total card acquiring ‘book’ value is now in excess of $40m per annum of transactions
    *The Contracts are expected to deliver a gross profit in excess of $320,000 per annum across the two key revenue silos of ‘processing’ and ‘settlement’
    *The revenue silo of ‘verification’ cannot be estimated at this point in time against these customers, as aggregated customer metrics are not as yet available.


    So still more revenue to be earned on Payment Instrument Verification services which in the last announcement was valued at $1.50 per card verified.
 
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