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Payzone, the leading European consumer payments and cash distribution network, has signed a contract with Passion For Perfume, part of the Modus group, to provide electronic gift cards to their customers. The new gift card scheme is due to go live in April and can be purchased and redeemed in all 43 stores across the UK and will be available in any denomination between £10 and £150. There will be 2 designs of cards, a male and female.
Payzone expects to process 16,000 transactions from the new contract in 2008 alone and has great admiration for Passion For Perfumes aggressive growth strategy, which has just seen them open their 43rd store. Paul Charmatz , Managing Director of Payzone UK said: "This is a tremendous opportunity for Payzone within a fast-growing retailer. Our gift proposition mirrors their business focus and will enhance their product portfolio, which is predominantly gift-based. We are looking forward to seeing significant gift card sales through this established retailer over the coming months". Nigel Tobias, Managing Director for Passion For Perfume commented: "We have been looking into gift card for quite some time and found the Payzone solution to be the most appropriate for our requirements. We will have the ability to process all gift transactions through a single terminal, with the option of additional services like mobile top-up available to us. We clearly understand the importance of gifting, as this forms the whole basis for our being. I am delighted to be launching a gift card and fully expect this to have a significant impact on our bottom-line'' Enquiries Payzone: Paul Charmatz Temple Bar Advisory: Tom Allison, Nicola Flynn 020 7002 1080 Notes to Editor: Payzone is the new company formed from the merger of alphyra Holdings Limited with Cardpoint plc. Payzone is one of the leading consumer payments and cash distribution networks in Europe. Listed on the AIM market of London Stock Exchange and headquartered in Dublin, it has operations in 21 countries across Europe, processing over 630 million transactions per year on behalf of its clients. These transactions have a yearly value of over €13 billion Euro and are handled electronically through the Payzone network of over 240,000 points of service (terminals, vending units and EPOS tills) at more than 170,000 retail locations across Europe. Payzone also operates approximately 6,000 ATM cash dispensers in the UK and Germany. The Company offers a wide range of services including pre-paid mobile phone top-ups, energy pre-payments, bill payments, pre-paid Visa vouchers, local and housing authority payments, pre-paid Visa and MasterCard payment cards, payment vouchers for on-line shopping, gift card and loyalty programmes, transport ticketing, lottery games, parking and electronic road tolling, debit and credit card acceptance, contactless payment solutions and world-wide money transfer services. For further information visit www.payzoneplc.com CommentsAdd Comment |
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