Strategic Partnership
Datacash Group PLC
30 May 2007
30th May 2007
PrePay Technologies ink strategic partnership agreement with DataCash.
PrePay Technologies Limited, the market leader in Stored Value prepaid card
solutions based in London, have established a strategic partnership agreement
with DataCash, the UK's leading bank independent payment services provider.
This strategic partnership enables Merchants to accept PrePay Technologies'
stored value payment cards to settle consumer's transactions both on-line and in
the store. With DataCash offering a broad range of payment options from one
source, Merchants can simplify reconciliation and reduce the cost of offering
multiple payment methods.
DataCash provides a single, secure interface into its wide range of payment
instruments which will now include an option to process prepaid cards from
PrePay Technologies. In addition to its electronic payment services, DataCash
also provides Fraud and Risk Management and Back Office Treasury and
Reconciliation services.
Laura Ashley, who have worked with PrePay Technologies over the last 2 years,
now out-source their on-line and high street payment services to DataCash and
will be the first Merchant to take advantage of the new service, offering the
card as a method of payment at all 178 High Street outlets.
Commenting, Gavin Breeze, Business Development Director for DataCash, said: "
DataCash's support of PrePay Technologies' further extends the breadth of the
payment service that we offer to our merchants. We see stored value cards as
being a key component of any merchant's payment offer and are delighted to be
offering PrePay Technologies' product alongside our other card based services."
Garry Comley, Chief Technical Officer at PrePay Technologies stated: "We are
extremely pleased to have established a relationship with DataCash. The
off-the-shelf integration solutions developed with DataCash will help overcome
many of the obstacles posed by Point of Sale (POS) Integration."
MasterCard certified, EMV Chip & PIN Compliant and FSA regulated; PrePay
Technologies Limited is licensed to issue e-money across Europe and currently
deliver successful prepaid card programmes for leading corporate clients
including Mirror Group Newspapers, Rugby Football Union (RFU), Debenhams,
Ticketmaster, Comet, Clydesdale Bank, Yorkshire Bank, the Arcadia Group
(Topshop, Topman, Burton, Miss Selfridge, Outfit, Evans, Dorothy Perkins,
Wallis), Capital Incentives (ACCOR), Laura Ashley, Family Fund, Western Union,
LOVEFiLM and Gift Days Out.
- Ends
Notes to Editors
• About PrePay Technologies Ltd
PrePay Technologies Ltd. is an international market leader in designing and
delivering stored-value card solutions including prepaid debit cards, retail
gift cards, corporate incentive cards and insurance claim cards.
From its data centres in the UK, the company creates stored-value programmes and
manages several million stored-value card accounts for large brands such as
Debenhams, Mirror Group Newspapers, Comet, Clydesdale Bank, Yorkshire Bank,
Ticketmaster, Capital Incentives (ACCOR), Arcadia Group (Top Shop, Top Man,
Burton, Miss Selfridge, Outfit, Evans, Dorothy Perkins, Wallis), Laura Ashley,
Western Union, Gift Days Out and the Grass Roots Group.
MasterCard certified, EMV Chip & PIN Compliant and FSA regulated; PrePay
Technologies Limited is licensed to issue e-money across Europe.
PrePay Technologies Ltd. is a privately held venture, with investors and
strategic partners including GE Capital, (www.gecapital.com), GRP Partners
(www.grpvc.com), Arts Alliance (www.artsalliance.com) and the LINK Interchange
Network Limited (www.link.co.uk).
For further information please contact:
Amit Sharma Tel: +44 (0) 207 0344 344
Corporate Marketing Manager E-mail: amit.sharma@prepaytec.com
Website: www.prepaytec.com
• About DataCash
DataCash Group PLC (AIM: DATA), a market leading provider of payment processing
solutions, provides merchants with a single interface that allows them to
process secure payments, both on and offline, anywhere in the world.
DataCash also provides a range of value added services with its fraud and Risk
Management solutions supporting AVS/CV2, 3-D Secure (Verified by Visa and
MasterCard Secure Code) together with traditional rules-based screening.
DataCash provides first-class service reliability at a fraction of the price of
an in-house solution, servicing clients within the retail, travel,
telecommunications and gaming sectors.
For further information please contact:
DataCash Group PLC
Gavin Breeze Tel: +44 (0)870 727 4760
Director E-mail: gavin.breeze@datacash.com
Emma Kitching Tel: +44 (0)870 727 4760
Marketing Manager E-mail: emma.kitching@datacash.com
Website: www.datacash.com
This information is provided by RNS
The company news service from the London Stock Exchange