Preferred PSP Status Awarded
Datacash Group PLC
12 April 2007
12 April 2007
DATACASH AWARDED PREFERRED PAYMENT SERVICE PROVIDER BY LLOYDS TSB BANK PLC
DataCash Group PLC (AIM: DATA) is pleased to announce that it has been awarded
preferred Payment Service Provider ("PSP") status by Lloyds TSB. The award means
that Lloyds TSB will recommend DataCash to its new and existing clients in the
Gaming, Airline, Multi-Currency and specialist sectors for all online payment
processing. These sectors have some of the biggest online trading volumes.
DataCash already works in partnership with Lloyds TSB by providing processing
for a number of its clients. However, to win preferred PSP status, DataCash had
to prove to Lloyds TSB the resilience of its past performance, its market
knowledge and its expertise. DataCash's processing has the advantage of being
one of a small number of PSP's to be linked into OmniPay, a full multi-currency
platform which allows merchants to trade and settle in any one of 58 currencies.
Kevin Coles, Head of Business Enterprise at Lloyds TSB Cardnet said:
"We were looking for a payment service provider that could demonstrate to us
that it was reliable, knowledgeable and could provide Lloyds TSB clients in key
sectors with a service that was highly competent, competitive and professional.
DataCash proved that they were the organisation to do this and so we are very
happy to have formed this partnership and will work with them to build it into a
long term relationship."
Andrew Dark, Chief Operating Officer at DataCash, commented:
"We are delighted that Lloyds TSB has chosen to award us with the status of
Preferred PSP; it is recognition of our continued commitment to providing the
best possible payment processing service to our clients and endorses our
commitment to growing the sectors in which we operate."
END
For further information:
Emma Kitching/Carly Smith, DataCash 020 7421 9287
Tim McCall/Alice Proctor, MJ2 Business Communications 020 7491 7776
About DataCash
DataCash Group PLC (AIM: DATA), a market leading provider of payment processing
solutions, provides merchants with a single interface that allows them to
process secure payments, both on and offline, anywhere in the world.
DataCash also provides a range of value added services with its fraud and Risk
Management solutions supporting AVS/CV2, 3-D Secure (Verified by Visa and
MasterCard Secure Code) together with traditional rules-based screening.
DataCash provides first-class service reliability at a fraction of the price of
an in-house solution, servicing clients within the retail, travel,
telecommunications and gaming sectors.
For more information, please visit www.datacash.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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