GlobalData Regulatory News (DATA)

3 Apr 2007 07:01

Datacash Group PLC03 April 2007 PRESS RELEASE 03 April 2007 DataCash announces worldwide "go-live" with Medicexchange • Announcement of first contract in the Healthcare sector. • Multi currency payment solution to be provided on a global basis. DataCash Group PLC (AIM: DATA) is pleased to announce that it has been appointedto provide payment processing to Medicexchange on a worldwide basis. Medicexchange, the Global online community for Radiologists, provides amarketplace for medical imaging professionals to purchase diagnostic, treatmentand surgery planning solutions. Medicexchange also plans to offer software on a"per use" basis on products that were only previously available with high "perunit" cost. Medicexchange therefore needs the capability to accept credit and debit cardpayments for these products and services on transactions with an average valueof over $2,500. As Medicexchange's market grows beyond the radiologists inUnited States (to include Europe, China, Japan and Australia), it also needs apayment solution that can manage high volumes of transactions on a Global basisin all major currencies, twenty four hours a day. DataCash was chosen to provide this solution. Its track record, expertise,established relationships and Global capabilities allow it to provideMedicexchange with fully outsourced and scalable payment processing in each newGlobal market. Commenting on the contract, Andrew Dark Chief Operating Officer at DataCashsaid: "We are delighted to be involved in an exciting new market and a new sector forDataCash. Whilst initial transaction volumes are expected to be low there isexceptional growth potential with Medicexchange targeting over 1.5 millionpracticing radiologists in the United States, Europe, China and Australia. "The payment processing solution we have provided allows Medicexchange toaccept, and its clients to make, high value credit and debit card payments safein the knowledge that the payment systems in place operate to the highest levelsof both reliability and security". END For further information please call: DataCash Group PLC Paul Burton, Director +44 (0)870 727 4760Andrew Dark, Director +44 (0)870 727 4760 MJ2 Business Communications Tim McCall / Alice Proctor +44 (0)20 7491 7776 Notes to Editors 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 Medicexchange Medicexchange.com is an online sales and information channel providingdiagnostic, treatment and surgery planning solutions for breast, cardiac,musculoskeletal, abdominal-pelvic and thoracic imaging from a range of differentsoftware companies. Medicexchange.com provides these solutions in a low-cost, on-demand anddigitally-downloadable format for medical imaging professionals, providingaccess to information and products that they would traditionally have difficultyaccessing. Medicexchange.com is owned and operated by Medicexchange Plc. Medicexchange Plcis a subsidiary company of MGT Capital Investments, Inc. Product and companyinformation can be found on www.mgtci.com. Stock symbol: MGT. This information is provided by RNS The company news service from the London Stock Exchange