GlobalData Regulatory News (DATA)

31 Jul 2007 07:01

Datacash Group PLC31 July 2007 Press ReleaseJuly 2007 First Choice Holidays PLC sign with DataCash Group PLC DataCash Group PLC (AIM:DATA) is pleased to announce that it has signed a fiveyear deal to provide payment processing to First Choice Retail Limited. DataCash will manage processing for all First Choice retail travel business inboth Cardholder Present and Cardholder not Present environments. The solutionwill be rolled out in all shops to support approximately 1,500 PIN pads, as wellas handling transactions for www.holidayhypermarket.co.uk. This project is scheduled to commence roll out across the entire estate inDecember. Andrew Dark, Chief Operating Officer at DataCash commented - First Choice joins a rapidly expanding group of clients who have chosen tooutsource its multi-channel payment processing to DataCash. Our solutionsupports payment processing and settlement regardless of whether transactionsare completed on the Internet, in shops or through a call centre and providesconsiderable operational efficiencies and cost savings. Additionally, as a'Software and Service' solution DataCash provides hugely resilient scale - ondemand, to accommodate even the largest peaks in seasonal trading patternswithout the need for technical changes or additional capex spend to accommodatethem. The DataCash service is Tier 1 PCI DSS compliant allowing our clients tocut the bulk of the cost of achieving their own compliance and inevitablygenerating further cost savings and operational efficiencies. Mark Collier, IT Manager from First Choice commented - The DataCash solution, when integrated with our POS travel system, will providea comprehensive payment solution for our retail Travel shops which ispre-accredited with all our card acquirers. - END - For further information:Emma Kitching / Carly Smith, DataCash 020 7421 9287 www.datacash.com About DataCash DataCash Group PLC (AIM: DATA), a market leading provider of payment processingsolutions, provides merchants with a single interface that allows them toprocess secure payments, both on and offline, anywhere in the world. DataCash also provides a range of value added services with its fraud and RiskManagement solutions supporting AVS/CV2, 3-D Secure (Verified by Visa andMasterCard Secure Code) together with traditional rules-based screening. DataCash provides first-class service reliability at a fraction of the price ofan in-house solution, servicing clients within the retail, travel,telecommunications and gaming sectors. About First Choice First Choice Retail offers a network of around 400 shops throughout the UK, eachof which offers more than 400 travel companies ranging from tour operators tocruise lines, airlines to theme parks. First Choice Holiday Hypermarkets, of which there are 42, are innovative travelagents based in large hi-tech stores, positioned on out-of-town retail parks andin shopping malls. For more information visit the First Choice websitewww.firstchoice.co.uk This information is provided by RNS The company news service from the London Stock Exchange