DATA Globaldata Plc

 

TIDMDATA 
 
RNS Number : 4625M 
Datacash Group PLC 
25 May 2010 
 

 
25 May 2010 
 
 DATACASH GROUP PLC:  DATA / Index: AIM/ Sector: Support Services 
                 DataCash Group Plc ('DataCash' or 'the Group') 
AGM Statement 
At the DataCash Annual General Meeting to be held at noon today, 25th May 2010, 
the Chairman, Mr Ashley Head, will make the following statement: 
The 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. 
New business has been secured across a range of vertical sectors. 
 
 In 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. 
Elsewhere 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. 
In 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. 
In 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 will be offering the DataCash 
service to many of their expanding partner charity portfolio. 
In Travel, new contracts have been agreed with Air Arabia and Teletext Holidays, 
while significant service enhancements for the existing customer base include a 
currency conversion solution for Tiger Airways, additional French payment 
options for Opodo and processing via additional sales channels for Qatar 
Airways. 
Internationally, DataCash has made its first significant impression in the 
Australian marketplace, with two Woolworths Australia brands now live with 
payment processing and fraud prevention solutions via Asia Pacific Acquirer 
WestPac.  We have further enhanced our German presence, through Group subsidiary 
ExperCash, winning contracts with significant German brands including Bijou 
Brigitte, Ritter Sport and Faber Castell.  The International Youth Hostel 
Association have also engaged further with DataCash providing a Direct Bank 
Transfer solution for paying money in and out of their network of hostels across 
Europe. 
From the Cardholder Present arm of the Group, RSM2000, the leading provider of 
payment solutions and financial management to the fuel forecourt industry, have 
agreed with DataCash to process card transactions from over 400 independent fuel 
sites. This includes not only credit and debit cards but also the processing of 
Fuel cards, a new service offered by DataCash.  In addition, Shoe Zone will be 
switching from processing card payments through an in-house solution to using 
the DataCash managed payment service for Cardholder Present transactions across 
its 800 UK stores. Shoe Zone have opted to take advantage of the Group's multi 
channel payment capabilities, adding to the DataCash presence already in place 
handling web transactions. 
Opportunities to cross market to the DataCash payments customer base, alongside 
the introduction of new customers, has meant DataCash Fraud Prevention Services 
has recorded a strong start to 2010.  New fraud prevention contracts include 
Hotels4U, Long Tall Sally, Thane Direct, Low Cost Holidays, Merlin Entertainment 
Group, Flexiant, TTT MoneyCorp and EasyDate. 
Securing contract renewals throughout the DataCash customer base is also 
critical to the Group's ongoing success and provides opportunities to market 
additional products and services. Some of the numerous significant contract 
renewals to date this year include Arcadia, Bauer Media and News International. 
Our balance sheet remains strong with net cash at 30 April 2010 of GBP17.25 
million and we are confident that 2010 will be another strong year for DataCash. 
 
 
For further information please contact: 
 
DataCash Group Plc 
 
Paul Burton                                   T: +44 (0)870 727 4760 
Finance Director                            E: Paul.Burton@datacash.com 
 
 
Carly Smith                                  T: +44 (0)207 421 9283 
Marketing & Communications           E: Carly.Smith@datacash.com 
 
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 
 
 AGMUSUBRRUAVUAR 
 

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