RS2 Smart Processing, the managed services subsidiary of RS2 Software plc, has concluded a major, three-year contract with one of the largest payment processors in Europe.

RS2 Smart Processing will be supporting this company for its operations in Europe, North America, Latin America and Asia Pacific.

The contract, signed on March 4, will be generating regular monthly income for its duration with the possibility for further extensions after the initial three-year term is completed and is the realisation of the group’s long-term strategy to diversify its revenue streams, RS2 said. The live date is expected to take place in the early part of quarter two of this year.

RS2 Software concluded another licence agreement worth $1.8 million with a North American client in the fourth quarter of last year.

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