Pareteum closes deployment of cloud for payment provider customer

|About: Pareteum Corporation (TEUM)|By:, SA News Editor

Pareteum (NYSEMKT:TEUM) says it's wrapped up deployment of its Global Cloud Services platform for the UK-based customer it contracted with last August.

The customer is a Communication Platform-as-a-Service provider offering payment solutions to more than 500 service operators.

With the new solution, Pareteum says, the customer can allow any smartphone globally to direct bill for app purchases via text, allowing for store purchases that are billed to mobile plans.

Shares that have been on a roller coaster of late are back down today, -6.1%.

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