Earthport Regulatory News (EPO)

30 Nov 2005 11:13

Datacash Group PLC30 November 2005 Stock Exchange Announcement 30 November 2005 DataCash Group plc ("DataCash") Agreement with earthport plc ("earthport" or the "Company") DataCash gets down to earthport in mutual agreement DataCash announces that it has signed a joint supply agreement with earthport.DataCash and earthport have complementary solutions to the payments market anda commercial deal has been completed in which the companies will resell eachothers' systems to their own customers. DataCash will promote the earthport banking network to its customers fortransfer of funds and payments. earthport will promote the DataCash portfolio toits existing customers and to new prospects. earthport will integrate a DataCash link into its UPN platform so that it willprovide a seamless banking pay-in and pay-out solution for DataCash customers.Each company will mount a marketing programme of their own product/service baseto the other's customer base / network. DataCash Executive Director, Gavin Breeze, said, "Our agreement with earthportopens a wide range of opportunities for DataCash. It will enable us to provideour Card Services to new customers and offer a range of new services to ourexisting customers." earthport Executive Chairman, Mike Harrison, said, "The DataCash agreementdemonstrates the contribution that earthport's generic payments infrastructurecan make to existing payment solution companies. We are very excited about theprospects being made available by combining our strengths with those ofDataCash." Ends Notes to editors For further press information, please contact: Glen Goldsmith Katie King 2thefore Ltd 2thefore LtdTel: 01403 25 42 42 Tel: 01892 520 123Mob: 07812 766338 Mob: 07974 161179Email: glen@2thefore.biz Email: Katie@2thefore.biz For information about DataCash, please contact: DataCash - www.datacash.com DataCash provides outsourced solutions for the authorisation, settlement andfraud management of credit and debit cards as well as direct debits, directcredits and cheques. DataCash's fraud management solutions support industryinitiatives such as 3-D Secure (Verified by Visa and MasterCard SecureCode) aswell as rules-based fraud screening. Transactions are accessible to merchantsthrough a real-time MIS Reporting suite. DataCash's solutions are suitable for merchants selling through any channel,including High Street Point of Sale, the Web, Interactive TV, Kiosk, Call Centreand Interactive Voice Response. DataCash works with partners, such as IBM, toprovide mid-tier retailers with Cardholder Present Chip and PIN solutions. earthport earthport plc is a UK-based company specialising in the provision of secureelectronic payment services. earthport's key product is its Universal PaymentNetwork, a payment infrastructure which links directly to traditional and modernbanking systems. The UPN allows parties to make and collect payments using bankaccounts and card services in a secure and compliant environment at affordablerates. The UPN enables payment delivery in over 120 countries and in multiplecurrencies. The UPN is bi-directional and caters for micro to macro payments. Based in the City of London, with 40 employees, earthport plc was admitted tothe AIM (ticker: EPO.L) in 2001. This information is provided by RNS The company news service from the London Stock Exchange