UK: DataCash Launches Internet Direct Debit Service
Last Updated: 10 May 2002

DataCash, a wholly owned subsidiary of AIM listed Auxinet plc., and the UK’s leading processor of Internet credit and debit card transactions, today announced the launch of its Direct Debit processing service.

The Direct Debit service addresses strong demand from retailers, utilities, local and central government to be able to process direct debits and direct credits via the Internet, call centres, m-commerce and interactive Digital TV.

DataCash’s service automates the Direct Debit set-up, maintenance, collection and reconciliation processes.

According to BACS, over the last ten years direct debit has become the most popular method for paying regular bills compared to cheques (45%), cash (35%), credit cards (14%) and debit cards (18%). Almost 32 million people in the UK now use direct debit to pay an average of six bills this way. The greatest users of direct debit are working ABC1 adults, aged 25-44 whose demographics closely match those of Internet users.

"BACS are delighted to have approved DataCash as an accredited BACS Bureau. We believe the Internet has real potential in offering

Direct Debits and Credits as a payment method", says Anne-Marie Kesselman, BACS Communications Manager.

Gavin Breeze, Business Development Director at DataCash says,

"DataCash already process more internet-driven credit card transactions than anyone in the UK. By adding Direct Debit to our portfolio of payment services, DataCash now provides retailers, utilities and government organisations with total enterprise-wide payment solutions through one easy-to-install API."
Full details of DataCash’s services can be found at http://www.datacash.com

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