Capita wins three-year payments solution contract

Outsourcer Capita said on Thursday that it has won a new payments solution contract.

The FTSE 250 company has been selected by Luxon Payments to deliver its integrated payments solution Pay360 and fraud protection solution Optimize in a new three-year contract.

Capita said its unified solution will help Luxon to limit the risk of fraud and reduce cost, increase consumer choice over methods of payment via both online and mobile app channels and allow access to banking facilities in more than 30 countries.

Chief executive officer John Lewis said: "This a significant contract win for Pay360 and a great example of Capita’s growing, specialist, market-leading technology. It is efficient and secure, helps introduce new payment channels to our client and improves the service they can offer customers.

"Capita Software is focused on expanding our scalable payments solutions across global markets and sectors."

Luxon Payments' chief executive Terry Cave said: "Capita’s solution is helping us tackle some major industry challenges around compliance and responsibility within the areas we work.

"Advanced anti-money laundering capability and fraud monitoring, paired with data insight, allow us to see the complete picture and protect us from fraud, while providing a truly enhanced customer experience."

At 1010 GMT, the shares were up 1.5% to 116.75p.