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Paypoint plc (PAY)

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Thursday 28 May, 2015

Paypoint plc

PayPoint plc : Director Declaration

PayPoint plc : Director Declaration

28 May 2015

Directorate / Board Changes

PayPoint plc is pleased to announce the appointment of Gill Barr to its board as a non-executive director with effect from 1 June 2015.

Gill is an experienced marketing director who has held senior positions at The Co-operative Group, John Lewis, MasterCard and Kingfisher. Gill has previously served as a non-executive director on the boards at Morgan Sindall plc and the UK Breast Cancer Coalition.

Towers Watson has today announced Gill's appointment as independent trustee to Towers Watson's UK defined contribution (DC) master trust board, LifeSight, a new pension fund.

Nick Wiles, Chairman, said:
"We are delighted to welcome Gill to the PayPoint board and look forward to working closely with her in the future."

There are no further disclosures required for the purposes of Listing Rule 9.6.13.

Enquiries

PayPoint plc                                                                    RLM Finsbury
01707 600 300                                                               0207 2513 801
Susan Court, Company Secretary                 Rollo Head

ABOUT PAYPOINT
PayPoint is an international leader in payment technologies, its solutions transforming payments for everyone from consumer and financial services companies to retailers, utilities, media, e-commerce, gaming and government clients.

PayPoint delivers payments and services through its unique combination of local shops, mobile and online distribution channels, delivered both through its owned businesses and by integrating the best services from more specialised suppliers. It handles over £14 billion from over 812 million transactions annually for more than 5,500 clients and merchants.

With the backing of 24/7 operations centres with dual site processing, PayPoint is widely recognised for its leadership in payment systems, smart technology and service.

Retail networks
The PayPoint retail network across the UK numbers over 27,800 local shops, including Co-op, Spar, McColls, Costcutter, Sainsbury's Local, Tesco Express, One Stop, Asda, Londis and thousands of independents, where it processes energy meter pre-payments, bill payments, benefit payments, mobile phone top-ups, transport tickets, BBC TV licences, cash withdrawals and a range of other transactions. In Romania, the retail network numbers over 9,200 terminals in local shops, helping people to make cash bill payments, money transfers, road tax payments and mobile phone top-ups. In the Republic of Ireland, over 500 terminals in shops and credit unions process mobile top-ups and bill payments.

In the UK, Collect+, a joint venture with Yodel, provides a parcel drop-off and pick-up service at more than 5,800 PayPoint retailers. PayPoint's ATM network numbers more than 4,000 'LINK' branded machines across the UK, and 9,800 PayPoint terminals enable retailers to accept credit and debit cards.

Mobile and Online

PayPoint Mobile and Online handles over 145 million payments for parking, payments and consumer services.   In the UK, Canada, USA, France, Switzerland and Australia, its parking solutions make it easy for people to pay for parking by mobile, increasingly through its own app. It also provides electronic parking permits, automatic number plate recognition systems for car parks and penalty charge notices.

 

PayPoint's online payments platform is linked to 16 acquiring banks in the UK, Europe and North America, delivering secure credit and debit card payments for over 4,600 online merchants, including MoonPig, WHSmith, London and Zurich Insurance, Moneysupermarket.com, Severn Trent and British Gas. Its suite of products ranges from a transaction gateway to a bureau service, in addition to value-added services such as FraudGuard, an advanced service that mitigates the risk of fraud in card not present transactions, Cardlock, an innovative solution for PCI compliance, PayCash through the PayPoint network and Cashier, one of the most advanced hosted digital payment solutions.




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Source: PayPoint plc via Globenewswire

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