Last checked at 1 Jun 2015 07:00
1 June 2015
Daily Internet plc
("Daily Internet" or "the Company" or "the Group")
Netplan Contract Renewal
Daily Internet (AIM: DAIP), the hosting and cloud infrastructure provider, is pleased to announce that Netplan Internet Solutions Limited ('Netplan'), its wholly owned subsidiary, has entered into a three-year contract extension with long-term customer Trustpay Global Limited ('Trustpay Global') worth approximately £400,000.
Trustpay Global, a market leader in the online and mobile payment processing industry, deploys proprietary payment gateway technology which enables e-commerce merchants to maximise conversion rates by reducing the number of transactions abandoned at checkout.
The three-year contract extension means that Trustpay Global continues to work with Netplan as their chosen partner in order to deliver their cloud based, Payment Card Industry Data Security Standards ('PCI DSS") payment solution to enable their customers such as PayPal, Neteller and Topshop to seamlessly process card payments. The Company's conservative revenue recognition policy will result in one third of the value of the contract being recognised in each year for the duration of the contract.
Billy Lewis, Chief Operating Officer, Trustpay Global Limited, said: "The Trustpay Global team is based in the UK and has over 100 man years' experience providing card payment solutions and is an authorised Electronic Money Institution regulated by the Financial Conduct Authority. We believe our solution is the most intuitive payment experience in the World.
"We chose to renew our long-term relationship with Netplan due to their industry leading PCI DSS Hosting strengths. This contract renewal effectively means Trustpay Global can help even more e-commerce merchants accept payments online, quickly, safely and securely."
Adam Binks, Chief Operating Officer, Daily Internet, added: "We already had an existing relationship with Trustpay Global through the implementation of Netplan's PCI DSS hosting solution for the past three years and I am delighted with the renewal and how such a deal further cements the solidarity and reliability of our PCI DSS Hosting strengths.".
For further information please contact:
Daily Internet plc Chris Evans, Chief Executive Adam Binks, COO
Sanlam Securities UK Limited (Nominated Adviser and Joint Broker) Simon Clements / Max Bascombe
Loeb Aron & Company Limited (Joint Broker) Dr Frank Lucas / Peter Freeman
Walbrook PR Limited Paul Cornelius / Sam Allen / Helen Creswell |
+44 (0)151 559 1777
+44 (0)20 7628 2200
+44 (0)20 7628 1128
+44 (0)20 7933 8780 |
About Daily Internet
Daily Internet is a leading UK provider of cloud, managed and PCI Level 1 certified hosting, which helps organisations to streamline their IT requirements, reduce costs and increase performance and redundancy. This reduces both complexity and risk for customers in managing their IT infrastructure.
Daily Internet operates in two distinct divisions, Mass Market via its brands: Daily, Namehog and Evohosting. Managed/Complex Cloud Hosting via: Netplan (incorporating Q4Ex). From its beginnings as a provider of mass market domain names and shared hosting, the Group has evolved and has a shifting focus to managed complex cloud hosting for enterprises where it is a trusted partner to its clients.
The Group has offices in Liverpool, Nottingham, Coventry and Maidenhead.
(http://investor.daily.co.uk)
About Trustpay Global
Trustpay Global, a market leader in online Payment processing industry deploys proprietary payment gateway technology enabling e-commerce merchants to maximise conversion rates by reducing the number of transactions that are abandoned at checkout.
Trustpay Global achieves this with a service called pinPay™ which provides consumers a simple and engaging payment experience at the critical moment that they have decided they want to pay and complete their purchase. The solution helps merchants to trade in home and international markets by enabling them to take payments from consumers throughout the world in a wide variety of currencies and through a range of international and local payment methods.
Trustpay Global's technical services have been designed to be resilient, reliable, dependable, secure and externally audited to ensure compliance with the Data Protection Act (DPA) and PCI DSS, the Payment Card Industry Data Security Standard, a proprietary information security protocol for organisations that handle branded credit cards from the major card schemes including Visa, MasterCard, American Express, Discover, and JCB.
(www.trustpayglobal.com)