Datacash Group PLC
30 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 and
a commercial deal has been completed in which the companies will resell each
others' systems to their own customers.
DataCash will promote the earthport banking network to its customers for
transfer of funds and payments. earthport will promote the DataCash portfolio to
its existing customers and to new prospects.
earthport will integrate a DataCash link into its UPN platform so that it will
provide a seamless banking pay-in and pay-out solution for DataCash customers.
Each company will mount a marketing programme of their own product/service base
to the other's customer base / network.
DataCash Executive Director, Gavin Breeze, said, "Our agreement with earthport
opens a wide range of opportunities for DataCash. It will enable us to provide
our Card Services to new customers and offer a range of new services to our
existing customers."
earthport Executive Chairman, Mike Harrison, said, "The DataCash agreement
demonstrates the contribution that earthport's generic payments infrastructure
can make to existing payment solution companies. We are very excited about the
prospects being made available by combining our strengths with those of
DataCash."
Ends
Notes to editors
For further press information, please contact:
Glen Goldsmith Katie King
2thefore Ltd 2thefore Ltd
Tel: 01403 25 42 42 Tel: 01892 520 123
Mob: 07812 766338 Mob: 07974 161179
Email: 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 and
fraud management of credit and debit cards as well as direct debits, direct
credits and cheques. DataCash's fraud management solutions support industry
initiatives such as 3-D Secure (Verified by Visa and MasterCard SecureCode) as
well as rules-based fraud screening. Transactions are accessible to merchants
through 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 Centre
and Interactive Voice Response. DataCash works with partners, such as IBM, to
provide mid-tier retailers with Cardholder Present Chip and PIN solutions.
earthport
earthport plc is a UK-based company specialising in the provision of secure
electronic payment services. earthport's key product is its Universal Payment
Network, a payment infrastructure which links directly to traditional and modern
banking systems. The UPN allows parties to make and collect payments using bank
accounts and card services in a secure and compliant environment at affordable
rates. The UPN enables payment delivery in over 120 countries and in multiple
currencies. 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 to
the AIM (ticker: EPO.L) in 2001.
This information is provided by RNS
The company news service from the London Stock Exchange