GlobalData Regulatory News (DATA)

8 Dec 2008 14:36



8 December 2008

DATACASH GROUP PLC: DATA / Index: AIM/ Sector: Support Services

DataCash Group Plc ('the Company')

DataCash signs multi year contract with William Hill

DataCash PLC is pleased to announce that it has signed a new multi-year contract with William Hill PLC to provide payment processing services for the company's UK and International clients.

The DataCash processing gateway will provide users of the Hill's sportsbook and gaming websites (www.williamhill.com) with the ability to fund their accounts via a range of credit and debit cards as well as an extended range of e-wallets and other alternative funding options. 

The technical integration has been accomplished very rapidly and the service will go live during December of 2008. 

Andrew Dark, Chief Executive of DataCash commented - "We are delighted to be working with William Hill for the first time. This new contract is further endorsement of the scalability, reliability and breadth of the DataCash service and completes our coverage of the largest UK and Irish based sports book and gaming operators. We are particularly excited at the prospect of servicing William Hill's growing international business by providing overseas gamblers with access to their preferred, local payment instruments with which to fund their accounts. "

Steven Reid, Internet Director of William Hill PLC said "We selected DataCash after thoroughly researching the market. We were particularly impressed with the breadth and international nature of the DataCash service which is required to support our global ambitions. DataCash's significant investment in infra-structure to future proof and grow its service together with the company's clear track record of delivering reliable, on-demand processing scored equally highly in our selection process."

Andrew Dark added "The addition of William Hill as a new customer win is typical of a number successes that DataCash has achieved this year and underpins our belief that the business is in very good shape to achieve our growth expectations for future years. For many reasons, including the continued growth of the number of organisations that are migrating to DataCash from competitor services or from in-house operations, the business is performing well in the challenging economic climate and the Board is confident in meeting its expectations for the financial year ending 2008."

"The continued, significant growth in consumer's usage of the Internet as a preferred route for shopping and entertainment purchases, together with the Group's increased international footprint and DataCash's ever-expanding products and service offerings, make the Board confident of the prospects for strong future growth."

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For further information please contact:

DataCash Group PLC

Andrew Dark Tel: +44 (0)870 72 74 76 0

Chief Executive  E-mail: Andrew.Dark@datacash.com

Carly Smith Tel: +44 (0)207 421 9283

Marketing and Communications  Email: Carly.Smith@datacash.com

Nominated Adviser - Investec 

Daniel Adams Tel: +44 (0)207 597 5970

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. 

Website: www.datacash.com

About William Hill

Founded in 1934, William Hill is one of the best-known names in the gambling industry, providing gaming and betting services across three channels: online, on the high street and on the phone. We have been listed on the London Stock Exchange (WMH.L) since 2002 and employ over 15,000 people in the UK, Ireland, Israel and Bulgaria.

Our aim is to give our customers what they want, when they want it, where they want it. We are one of the UK's leading bookmakers, with a trusted high-street brand based on our in-depth knowledge of fixed-odds betting and our unrivalled customer service. With the advent of internet betting and gaming, we have extended our market-leading brand to a new generation of customers around the world.

Website: www.williamhill.com