Keyware delighted to be acquitted

Enterprise focuses on its customer service

Keyware (EURONEXT Brussels: KEYW) informs on the verdict of the Court with respect to a court case against Keyware Smart Card Division.

Keyware Smart Card Division, a subsidiary of the stock-listed Keyware Technologies, is delighted to hear that they have been acquitted by the court of appeal for alleged fraud and irregular advertising practices. This brings an end to the lawsuit in which the public prosecutor’s office instituted a claim on the basis of a complaint from a number of customers lodged with FPS Economy.

“We are not that surprised: we knew we always have been and still are doing the right thing. We are pleased that the Court now shares that opinion and we can now return our full focus on our business operations.”

Stéphane Vandervelde, CEO Keyware Technologies

Keyware was accused by the public prosecutor of ‘forgery’, ‘fraud’, ‘attempted fraud’, ‘misleading advertising’ and ‘banned advertising’, but has been acquitted on all counts.

“It was clear to us from the get-go that our company cannot be blamed for anything. Our contract policy is very clear and guarantees the most advantageous rates. Our customer service is highly regarded and our contract policy allows us to apply advantageous rates. All these elements simply play in favour of our customers/sellers. We will continue to follow that strategy.”

Stéphane Vandervelde

Stéphane Vandervelde

President & CEO, Keyware Technologies

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About Keyware

  • Keyware positions itself as an independent Network Service Provider (NSP) and plays a leading role in its market segment in the area of electronic payment solutions. 
  • Keyware is a payment service company with more than 15 years’ experience, specialising in:

    • the personalisation, programming, installation, maintenance, rental and sale of fixed, portable and mobile payment terminals.

    • Implementation of payment transactions using Visa, MasterCard, Maestro, Amex, V-Pay, JCB ...

    • Payment services for e-commerce and m-commerce

    • Solutions for loyalty cards

    • Development and management of its payment transaction platform

  • Keyware is a fast-growing profitable company that boasts solid partnerships with various global players in the value chain of electronic payment such as terminal builders Verifone, Ingenico and Worldline and transaction partners such as Worldline, Six Pay, Square and EMS.
  • Above all, Keyware is an ambitious enterprise, with an end-to-end integrated business structure, a solid shareholder base and a focus on maximising value for its various stakeholders.
  • The company has been quoted on the stock exchange since June 2000 (Euronext: KEYW - https://europeanequities.nyx.com).