Datacash Group PLC
11 May 2005
11 May 2005
DATACASH GROUP PLC ('DataCash' or 'the Company')
PARTNERSHIP AGREEMENT WITH CLICK2PAY
DataCash, the UK's leading payment services provider, today announced it has
integrated with CLICK2PAY, the e-Wallet provided by Wire Card AG, Europe's
leading supplier of financial supply chain solutions.
The integration means DataCash can meet the growing demand from its customers to
extend the number of ways they can process payments internationally.
Historically DataCash has supplied merchants with the ability to be paid by
credit, debit card and UK direct debit. DataCash can now offer a global payments
solution to support its merchants' requirements including ACH in North America,
ELVs in Germany, bank wire in Scandinavia, direct debit in Singapore and offline
and online money transfers.
DataCash's strategy is to integrate with best of breed technology partners to
supply customers with the widest range of payment methods available. The
partnership with CLICK2PAY represents a significant development of this
strategy. DataCash continues to explore similar partnering opportunities further
to extend the range and depth of payment solutions it can bring its customers.
CLICK2PAY was launched in May 2004. Its userbase is growing at more than 20% per
month and comprises merchants and users from all over the world. CLICK2PAY is
supported by a 500 man call centre which is able to communicate in seven
languages including Chinese and Japanese. The CLICK2PAY wallet can be used to
pay for goods and services with any DataCash merchant that has elected to use
the service. Importantly for the gaming market, CLICK2PAY can be used to make
instant transactions and withdrawals. This feature is a major differentiator
from other e-Wallets and is especially important in allowing first time users to
place a bet quickly rather than have to wait until funds are cleared through the
financial networks.
DataCash believes CLICK2PAY will be particularly well received by its gaming
clients who require the broadest possible payment solutions in what is already a
truly global business. CLICK2PAY should also allow DataCash to expand its
presence in other sectors such as the digital content market where wallets are a
more economic and practical method of collecting micro and small value payment
than traditional credit and debit cards.
"What we really like about the CLICK2PAY is it has been built acknowledging the
importance of local languages and payment preferences rather than expect the
world to deal in dollars and use credit cards," says Gavin Breeze, development
director at DataCash. "We look forward to working with CLICK2PAY to drive this
powerful proposition into the marketplace."
* * ENDS * *
Press Enquiries:
Isabel Crossley St Brides Media & Finance Ltd Tel: 020 7242 4477
About DataCash
DataCash is the only quoted payment solution provider in the UK and provides
outsourced solutions for the authorisation, settlement and fraud management of
credit and debit cards as well as direct debits, direct credits and cheques. All
transactions are accessible to merchants through a real-time MIS Reporting
Suite. DataCash's fraud management solutions support industry initiatives such
as AVS/CV2 and 3-D Secure's Verified by Visa and MasterCard SecureCode as well
as traditional, rules-based, fraud screening. DataCash's solutions are suitable
for merchants selling through any channel including High Street Point of Sale,
the Web, Interactive TV, Kiosk, Call Centre and Interactive Voice Response
('IVR').
About Wire Card
Wire Card AG is one of Europe's leading providers of payment systems, risk
management and communication services. The company offers customers a wide range
of payment options (credit card and debit card, direct debit, bank transfer,
invoicing, and prepayment) as well as CLICK2PAY, an alternative Internet-based
payment solution. In addition to handling transactions over the Internet, the
software platform seamlessly integrates all sales channels via Call Centres and
conventional POS. With its Call Centre Services, the business area Communication
offers professional customer support. Wire Card's software is used worldwide by
more than 2,000 companies, including flydba.com, HSE24, QVC, Sony Europe and
Tiscali. Wire Card AG is listed on Prime Standard of Deutsche Borse, the German
stock exchange in Frankfurt (ISIN DE0007472060).
This information is provided by RNS
The company news service from the London Stock Exchange
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