Earthport Regulatory News (EPO)

30 Nov 2005 10:51

Earthport PLC30 November 2005 For immediate release Stock Exchange Announcement 30th November 2005 earthport plc ("earthport" or the "Company") Agreement with DataCash Group plc ("DataCash") earthport is pleased to announce it has signed a joint supply agreement withDataCash. earthport and DataCash have complimentary solutions to the paymentsmarket and a commercial agreement has been completed in which the parties willresell each other's systems to their own customers. DataCash will promote the earthport banking network to their customers fortransfer of funds and payments, while earthport will promote the DataCashportfolio to its existing customers and to new prospects. earthport will integrate a DataCash link into its UPN platform so it willprovide a seamless pay-in and pay-out banking solution for DataCash customers.Each company will mount a marketing programme of their own product/service baseto the others customer base/network. earthport Executive Chairman, Mike Harrison said "The DataCash agreementdemonstrates the contribution that earthport's generic payments infrastructurecan make to existing payment solution companies. In addition the agreementwidens the earthport offering to its existing and potential customers. It isalready being implemented with sales opportunities currently being negotiated.Further announcements will follow in due course. DataCash Executive Director, Gavin Breeze said "Our agreement with earthportopens a wide range of opportunities for DataCash. We are very excited about theprospects being made available by combining our strengths with those ofearthport." -End- Press enquiries: Mike Harrison, Chairman - earthport plc +44 20 7907 1100 David Nabarro/Nigel Atkinson - Nabarro Wells & Co. Limited +44 20 7710 7400 Notes to Editors 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. DataCash Group plc provides outsourced payment processing solutions for the realtime authorisation and settlement of credit and debit cards, corporatepurchasing cards, private label store cards, direct debits, direct credits andcheques. DataCash's fraud management solutions support industry initiatives such as AVS/CV2, 3-D Secure (Verified by Visa and MasterCard SecureCode) as well as payerauthentication and traditional rules-based fraud screening. DataCash's solutions are suitable for merchants processing payments through anychannel including Internet, Interactive TV, Unattended Payment Terminal (UPT),Call Centre and IVR We also support Chip and PIN transactions. DataCash is quoted on AIM (DATA) and provides impartial, bank independentsolutions. This information is provided by RNS The company news service from the London Stock Exchange