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Cuscal sells ClickSuper

19 March 2013 5:33PM
Cuscal is to sell its superannuation payments processing business ClickSuper to its collaborator in the service, Payment Adviser.Payment Adviser will, in turn, change its name to ClickSuper.Payment Adviser said in a media release yesterday that it and Cuscal "have come to a commercial arrangement whereby Payment Adviser will take over ownership and ongoing provision of ClickSuper to its pool of business customers."Robin Beauchamp, chief executive of Payment Adviser, said the rationale was that "Cuscal has invested heavily in its payment gateway and that's the direction they need to go."This [ClickSuper] is a retail application. Cuscal is a business bank looking after its credit union customers and payments system."Beauchamp said Payment Adviser already hosted the application and fielded help desk questions for Cuscal."So, we are taking over the front of house operations."Beauchamp said he expected to lift transaction numbers fourfold and to process more than 800,000 monthly super contributions by the end of the 2013/14 financial year.

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