Friday, June 3, 2016

Huge opportunity for Eckoh (LON:ECK) in behind-the-times US: ProactiveInvestors Stocktube

Published on 2 Jun 2016
“We retain our focus on the US which is definitely our number one strategic goal,” says Nik Philpot, chief executive of Eckoh PLC (LON:ECK). The boss of the secure payments and customer contact systems says he is “very confident” about making more multi-million US dollar deals with enterprise customers particularly as the market was “heating up nicely” and momentum building.

Philpot is seeing good progress from every part of the group particularly in the US. “There’s huge opportunity for us there. It’s virtually a virgin market. There’s virtually no competition and corporations are slowly waking up to the fact that they need to do more to protect their customers.”

Eckoh’s biggest hurdle is educating US companies about the importance of secure payments. “The US’s approach to credit card security is wholly different”, says Philpot. "It’s many years behind Europe so they are in catch up mode.“

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