Business
New Partnership
New Partnership.
About this update from Globaldata Plc
[{"type":"text","content":"\n Datacash Group PLC\n12 December 2005\n\n\n DataCash Group Plc: Epic: DATA / Index: AIM / Sector: Support Services\n\n\n\n12 December 2005\n\n DATACASH GROUP PLC ('DataCash' or 'the Company')\n\n Partnership with Ukash\n\n\nDataCash Group Plc, the AIM listed independent payments service provider, has\nadded a cash alternative to its portfolio of payment services for merchants\ntrading online. The service, Ukash, is aimed at merchants whose customers do\nnot have a debit or credit card or simply do not wish to use their cards for\nonline payments.\n\n\nThe partnership with Ukash means that DataCash can now offer its merchants the\nability to accept cash payments online. Customers simply exchange their cash\nfor a Ukash voucher at any one of 14,000 Ukash issuing locations across the UK\nand then redeem their voucher online as payment against the purchase of goods\nand services by using the unique Ukash voucher reference number.\n\n\nIntegration of the service is simple via the DataCash API. Once integrated,\nmerchants can show that they accept the Ukash payment brand by displaying the\ndistinctive Ukash logo on their website alongside their existing payment types.\nConsumers simply enter the unique 19-digit number from their Ukash voucher when\nthey are asked to pay.\n\n\nAccording to research carried out by Ukash, UK retailers are losing almost £8\nbillion per year by failing to accept cash payments for online transactions.\nThis would represent an increase of at least 43% on the current level of online\nsales of £18.3 billion, which translates into a significant amount of lost\nbusiness to individual retailers.\n\n\nGavin Breeze, DataCash Business Development Director said: \"Multi-channel\nretailing is evolving all the time and merchants are mindful of the changing\nbehaviours of consumers as well as the growing number of payment options\navailable. Not all consumers wish to pay by credit card, even if they have them\nat their disposal. For example, some people are still wary of using the\nInternet as a means of buying goods. Also, you may wish to avoid having an item\nappear on your statement if it spoils a surprise, such as a gift for your\npartner.\"\n\n\nJustin Lunny, Ukash Director of Sales & Business Development said: \"Ukash is\nvery pleased to be working with DataCash. The partnership will enable\nDataCash's sig...