SafeCharge Reports "Extremely Strong Month" in December 2014 Trading
- Trading in Q4 continued to be strong according to SafeCharge's figures. As a result, the company expects that its Adjusted EBITDA for the full year will be ahead of market expectations and at least US$24.5 million.
SafeCharge (AIM: SCH), the international provider of Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term services, Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term and IT solutions used by many in the FX industry, has just released the following trading update ahead of its 2014 full year results which will be announced in the latter half of March 2015.
Trading in the fourth quarter continued to be strong according to SafeCharge's figures. As a result, the company expects that its Adjusted EBITDA for the full year will be ahead of market expectations and at least US$24.5 million.
In addition to the strong trading performance, the period was notable for a number of operational advances at SafeCharge, including the company receiving approval for Issuing Activity by MasterCard Europe and the separate acquisitions of CreditGuard and 3V Transaction Services. These acquisitions the report says, which were completed in the second week of January, will expand SafeCharge's product offering and accelerate entry into new markets.
The report ends on a positive note from SafeCharge's board: "December was an extremely strong month for the company. This momentum has continued into January and the directors look forward with confidence for the 2015 financial year."
SafeCharge (AIM: SCH), the international provider of Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term services, Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term and IT solutions used by many in the FX industry, has just released the following trading update ahead of its 2014 full year results which will be announced in the latter half of March 2015.
Trading in the fourth quarter continued to be strong according to SafeCharge's figures. As a result, the company expects that its Adjusted EBITDA for the full year will be ahead of market expectations and at least US$24.5 million.
In addition to the strong trading performance, the period was notable for a number of operational advances at SafeCharge, including the company receiving approval for Issuing Activity by MasterCard Europe and the separate acquisitions of CreditGuard and 3V Transaction Services. These acquisitions the report says, which were completed in the second week of January, will expand SafeCharge's product offering and accelerate entry into new markets.
The report ends on a positive note from SafeCharge's board: "December was an extremely strong month for the company. This momentum has continued into January and the directors look forward with confidence for the 2015 financial year."