Trading Update
24 Mars 2009 - 8:00AM
UK Regulatory
TIDMDATA
RNS Number : 3369P
Datacash Group PLC
24 March 2009
24 March 2009
DataCash Group Plc: DATA / Index: AIM / Sector: Support Services
DataCash Group Plc ('the Company')
DataCash Group reports continued robust performance as Internet trading and the
outsourcing of debit and credit card payments continues to grow.
DataCash, the UK's leading Payment Services Provider reports continued growth in
the transactions processed by the Group for its clients. Outgoing CEO, Andrew
Dark says" we updated the market in January and indicated consistency in our
processing growth to the end of the year. We are now able to confirm that this
trend has continued as we move towards the end of the 1st quarter. While no
longer a binary link to revenue growth, transaction fees represent around 36% of
Group's overall income and the strong performance of the market and DataCash's
own increasing presence has delivered over 25% growth in the volume and value
processed by the company year to date versus 2008. This transactional growth
supports the marketing of the company's fraud management, dynamic currency and
acquiring services, which will deliver the bulk of revenue growth in 2009. The
general transactional growth in combination with the recent volume spikes due to
the Cheltenham horse racing festival, served to prove that investment over the
past 18 months has delivered the expected increase in scale and resilience to
our authorisation processing."
"DataCash's continued development can be attributed to the strong consumer
offers that our clients are able to market to their customers and the expansion
of our own client base as merchants continue to migrate their payment services
to DataCash and away from less reliable service providers and costly in-house
operations. The Group's on-going programme to ensure massive scalability within
our systems has progressed well and new networks and data centres have been live
for some time and are performing as expected. Centralisation of our Customer
Support activities to our 24X7 operations centre in South Africa continues with
the support functions of EuroCommerce, our Dublin based company servicing the
airline and travel sector, now handled from Cape Town. The next quarter will see
further consolidation within the Group with our German business, ExperCash
(previously EasyDebit), moving into the Group operations centre which in turn
will see us extend our language support from this facility."
"Our substantial investment in technology over the past 20 months has
significantly increased our capacity and our resilience to external failures.
With the major moves completed and new technology deployed, we can now look
forward to placing even greater focus on expansion of the geographic reach of
our services through in -house development or further acquisition. I am
delighted to be handing over the company to Joseph Blass in such a strong
position and am sure that under his guidance the sustained growth over the past
three years will be maintained."
DataCash Group Plc expects to publish its annual results for the year to 31st
December 2008 on Tuesday April 21st 2009.
For further information please contact:
Carly Smith Tel: +44 (0)870 72 74 76 0
DataCash Group E-mail: Carly.Smith@datacash.com
Marketing & Communications Website: www.datacash.com
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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