Business
AGM Statement
AGM Statement.
About this update from Globaldata Plc
[{"type":"text","content":"\n RNS Number : 4625M Datacash Group PLC 25 May 2010 \n \n\n \n25 May 2010\n\nDATACASH GROUP PLC: DATA / Index: AIM/ Sector: Support Services\nDataCash Group Plc ('DataCash' or 'the Group')\nAGM Statement\nAt the DataCash Annual General Meeting to be held at noon today, 25th May 2010, the Chairman, Mr Ashley Head, will make the following statement:\nThe Board of DataCash Group plc is pleased to announce that trading for the first four months of 2010 has exceeded our expectations, with notable new business wins, contract renewals and the introduction of numerous product and service enhancements across the Group. \nNew business has been secured across a range of vertical sectors.\n\nIn the Insurance industry, DataCash have been awarded a contract to provide payment processing services via internet and telephone channels for the esure group of companies, including brands esure Home and Motor Insurance and Sheilas' Wheels Motor and Home Insurance.\nElsewhere in the Financial Services Sector DataCash have been able to capitalise on the growth of the short term loans market, securing relationships with several companies. Of particular significance is the direct crediting solution using Faster Payments. Faster Payments is a recent UK banking industry initiative in which DataCash is participating, that allows merchants to make payouts to their consumers in real time or on a specified date and is a much more cost effective solution than the current CHAPs option. This solution should create many more opportunities for merchants requiring a fast and cost effective payout mechanism.\nIn the gaming world, DataCash has seen a particularly strong start to 2010, with new customers including Telegraph Media and Butlers Bingo, and contract renewals for London Capital Group and Betclick. We saw record volumes from the Cheltenham Festival of Racing, and the Grand National, the biggest day in the horse racing calendar and we look forward to enhanced transaction volumes from the World Cup football competition this summer. \nIn the not-for-profit sector DataCash have signed Charity Technology Trust (CTT) for card processing and fraud prevention services. CTT focuses on the provision of a wide range of products and services used to increase charities' efficiency in many of their core areas of activity and ...