American Express and IMX -- a division of Powerlan -- have signed a three-year global support agreement for an undisclosed amount.
IMX -- formerly IMX Software Group before being acquired by Powerlan in June -- will supply the full range of its products to Amex and its clients worldwide.
Jim Bacskos, head of IMX, Powerlan Group, declined to comment on the deal's value due to confidentiality agreements.
However, "Imagine rolling out to 40,000 sites . . . it's not going to be peanuts", Bacskos said.
The agreement is a continuation and expansion of the existing worldwide licensing, product maintenance and support relationship between the organisations that has been in place for more than four years.
The contract covers about 250 individual banks and travel organisations in Japan, some 1000 sites in Europe, as well as institutions in South Africa, Sri Lanka, Hong Kong, US, Canada, Australia and Latin America.
Powerlan IMX will be opening an office in the UK this year to service this initiative, according to an ASX announcement.
The company has already established an office in the US and a representative presence in South Africa.