GlobalData Regulatory News (DATA)

12 Apr 2007 07:00

Datacash Group PLC12 April 2007 12 April 2007 DATACASH AWARDED PREFERRED PAYMENT SERVICE PROVIDER BY LLOYDS TSB BANK PLC DataCash Group PLC (AIM: DATA) is pleased to announce that it has been awardedpreferred Payment Service Provider ("PSP") status by Lloyds TSB. The award meansthat Lloyds TSB will recommend DataCash to its new and existing clients in theGaming, Airline, Multi-Currency and specialist sectors for all online paymentprocessing. These sectors have some of the biggest online trading volumes. DataCash already works in partnership with Lloyds TSB by providing processingfor a number of its clients. However, to win preferred PSP status, DataCash hadto prove to Lloyds TSB the resilience of its past performance, its marketknowledge and its expertise. DataCash's processing has the advantage of beingone of a small number of PSP's to be linked into OmniPay, a full multi-currencyplatform which allows merchants to trade and settle in any one of 58 currencies. Kevin Coles, Head of Business Enterprise at Lloyds TSB Cardnet said: "We were looking for a payment service provider that could demonstrate to usthat it was reliable, knowledgeable and could provide Lloyds TSB clients in keysectors with a service that was highly competent, competitive and professional.DataCash proved that they were the organisation to do this and so we are veryhappy to have formed this partnership and will work with them to build it into along term relationship." Andrew Dark, Chief Operating Officer at DataCash, commented: "We are delighted that Lloyds TSB has chosen to award us with the status ofPreferred PSP; it is recognition of our continued commitment to providing thebest possible payment processing service to our clients and endorses ourcommitment to growing the sectors in which we operate." END For further information: Emma Kitching/Carly Smith, DataCash 020 7421 9287 Tim McCall/Alice Proctor, MJ2 Business Communications 020 7491 7776 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. For more information, please visit www.datacash.com. This information is provided by RNS The company news service from the London Stock Exchange