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Last checked at 
17 Jul 2008 07:00
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17thΒ JulyΒ 2008
DataCash Group Plc: DATA / Index: AIM / Sector: Support Services
DataCash Group Plc ('the Company')
DATACASHΒ BREAKS NEW RECORD FOR ONLINE PAYMENT PROVIDER PAYPAL
First twoΒ DataCashΒ retailers sign up to accept payments via PayPal
Arcadia Group and PrezzyBox show fastest growth in clothing and gifts sectorΒ for PayPal
The partnership betweenΒ DataCashΒ and PayPal announced in May hasΒ been put live with a number of DataCash's customers and hasΒ already broken records for PayPal.
Fashion conscious shoppers now have more opportunities to shop online quickly and safely, following theΒ putting live of DataCash'sΒ integrationΒ toΒ PayPal on all of Arcadia Group's online brands: TopShop, TopMan,Β Burton, Miss Selfridge, Evans, Wallis and Dorothy Perkins. Online shoppers can also now choose theΒ UK's most preferred online payment brand* on theΒ UK's leading online gift provider, PrezzyBox.
Andrew Dark, ChiefΒ ExecutiveΒ Officer ofΒ DataCash,Β adds:Β "The integration of PayPal on these sites was done incredibly quickly via theΒ DataCashΒ platform, and has delivered incremental value from the start. We're proud that these two retailers haveΒ providedΒ the best ever start for PayPal in the fashion and gift sectors. Including PayPal as a payment option allowsΒ DataCashΒ to provide our business customers withΒ another ofΒ the payment methodsΒ thatΒ online consumers are demanding. It's a great start to the partnership."
- ENDS -
NotesΒ
*Β PayPal Brand Tracker, conducted by FactWorks. PayPal is preferred by 30% ofΒ UKΒ online shoppers versus 20% for Visa, 14% for MasterCard, and 1% for American Express
For further information please contact:
Carly Smith, Marketing and Communications,Β DataCashΒ LtdΒ Carly.Smith@DataCash.comΒ +44 (0)207 421 9283
Β
Andrew Dark, Chief Executive, DataCash PLCAndrew.Dark@DataCash.com
+44 (0)870 727 4761
Website: www.datacash.com
AboutΒ DataCashΒ DataCashΒ Group PLC (AIM: DATA) is the trusted payment processing and fraud screening service provider for over Β£14.2 Billion of Cardholder Not Present (CNP) and Cardholder Present (CP) payments in 2007. As the partner to many of theΒ UK's leading High Street retailers, e-Commerce businesses and Bookmakers,Β DataCashΒ enables merchants in all sectors to process payments reliably, securely, efficiently and with reduced risk of fraud, whether they originate in store, on the web, from a call centre or from unattended and mobile devices.Β DataCashΒ is able to provide Merchants with first-class service reliability at a fraction of the price of an in-house solution,Β
DataCashΒ allows merchants to set the most appropriate level of service to meet their business needs.Β This ranges from the complete outsource of all back office administration, payments, accounts reconciliation and risk services through to the provision of easy to use, rules based screening that helps to automate rapid and secure payment authorisations and settlement, also supporting AVS/CV2, 3-D Secure (Verified by Visa and MasterCard Secure Code) and in compliance with PCI DSS.Β
With a global client base and connections to financial networks worldwide,Β DataCashΒ provides access to the local, preferred payment types territory by territory. Uniquely,Β DataCashΒ monitor all financial transaction types including cards, debit payments, ACH, wallets and direct bank transfers. Our fraud screening service operates across all of our vertical markets and geographies providing a highly effective block of fraud syndicates migrating activity between sectors.Β
For more information, please visitΒ http://www.DataCash.comΒ or emailΒ info@DataCash.comΒ
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