Mi-Pay Group plc has entered into a contract with Alphacomm B.V., pursuant to which the company will provide fraud management services to Alphacomm. This follows the successful trial of the company's fraud management platform since October 2017, which has successfully reviewed over £40.0 million in payment transactions for Alphacomm. Currently, in excess of £4.0 million of payments per month are reviewed using Mi-Pay's fraud management platform and these will now be processed under the terms of the Contract. Following the successful trial period, the Contract is for an initial term of 12 months, from 1 November 2018, during which Alphacomm will utilise Mi-Pay's in-house payment fraud management solution to review the payment transactions processed by Alphacomm for their digital content and mobile top up sales, providing a real time decision to accept or decline the transaction. In line with Mi-Pay's other clients, Mi-Pay will indemnify Alphacomm for any subsequent chargebacks and shall only charge Alphacomm for successfully approved transactions.