GlobalData Regulatory News (DATA)

30 May 2007 14:30

Datacash Group PLC30 May 2007 30th May 2007 PrePay Technologies ink strategic partnership agreement with DataCash. PrePay Technologies Limited, the market leader in Stored Value prepaid cardsolutions based in London, have established a strategic partnership agreementwith DataCash, the UK's leading bank independent payment services provider. This strategic partnership enables Merchants to accept PrePay Technologies'stored value payment cards to settle consumer's transactions both on-line and inthe store. With DataCash offering a broad range of payment options from onesource, Merchants can simplify reconciliation and reduce the cost of offeringmultiple payment methods. DataCash provides a single, secure interface into its wide range of paymentinstruments which will now include an option to process prepaid cards fromPrePay Technologies. In addition to its electronic payment services, DataCashalso provides Fraud and Risk Management and Back Office Treasury andReconciliation services. Laura Ashley, who have worked with PrePay Technologies over the last 2 years,now out-source their on-line and high street payment services to DataCash andwill be the first Merchant to take advantage of the new service, offering thecard as a method of payment at all 178 High Street outlets. Commenting, Gavin Breeze, Business Development Director for DataCash, said: "DataCash's support of PrePay Technologies' further extends the breadth of thepayment service that we offer to our merchants. We see stored value cards asbeing a key component of any merchant's payment offer and are delighted to beoffering PrePay Technologies' product alongside our other card based services." Garry Comley, Chief Technical Officer at PrePay Technologies stated: "We areextremely pleased to have established a relationship with DataCash. Theoff-the-shelf integration solutions developed with DataCash will help overcomemany of the obstacles posed by Point of Sale (POS) Integration." MasterCard certified, EMV Chip & PIN Compliant and FSA regulated; PrePayTechnologies Limited is licensed to issue e-money across Europe and currentlydeliver successful prepaid card programmes for leading corporate clientsincluding Mirror Group Newspapers, Rugby Football Union (RFU), Debenhams,Ticketmaster, Comet, Clydesdale Bank, Yorkshire Bank, the Arcadia Group(Topshop, Topman, Burton, Miss Selfridge, Outfit, Evans, Dorothy Perkins,Wallis), Capital Incentives (ACCOR), Laura Ashley, Family Fund, Western Union,LOVEFiLM and Gift Days Out. - Ends Notes to Editors • About PrePay Technologies Ltd PrePay Technologies Ltd. is an international market leader in designing anddelivering stored-value card solutions including prepaid debit cards, retailgift cards, corporate incentive cards and insurance claim cards. From its data centres in the UK, the company creates stored-value programmes andmanages several million stored-value card accounts for large brands such asDebenhams, Mirror Group Newspapers, Comet, Clydesdale Bank, Yorkshire Bank,Ticketmaster, Capital Incentives (ACCOR), Arcadia Group (Top Shop, Top Man,Burton, Miss Selfridge, Outfit, Evans, Dorothy Perkins, Wallis), Laura Ashley,Western Union, Gift Days Out and the Grass Roots Group. MasterCard certified, EMV Chip & PIN Compliant and FSA regulated; PrePayTechnologies Limited is licensed to issue e-money across Europe. PrePay Technologies Ltd. is a privately held venture, with investors andstrategic partners including GE Capital, (www.gecapital.com), GRP Partners(www.grpvc.com), Arts Alliance (www.artsalliance.com) and the LINK InterchangeNetwork Limited (www.link.co.uk). For further information please contact: Amit Sharma Tel: +44 (0) 207 0344 344Corporate Marketing Manager E-mail: amit.sharma@prepaytec.comWebsite: www.prepaytec.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. For further information please contact: DataCash Group PLC Gavin Breeze Tel: +44 (0)870 727 4760Director E-mail: gavin.breeze@datacash.com Emma Kitching Tel: +44 (0)870 727 4760Marketing Manager E-mail: emma.kitching@datacash.com Website: www.datacash.com This information is provided by RNS The company news service from the London Stock Exchange