LONDON, ENGLAND — 22nd July 2008 — e-pay Ltd. (“e-pay”), the market leader in electronic payment solutions in the UK, today announced another ground-breaking scheme with i-movo, the leading provider of secure digital voucher services behind the subscription scheme for London’s Evening Standard newspaper.
The EROS Reward Card is the Evening Standard’s cashless payment card which consumers use to buy the newspaper at a discounted rate. Utilising their network of terminals installed within the Independent Retailer sector, e-pay will facilitate the use of the EROS Card at selected e-pay Independent Retailers — presenting the most convenient way to purchase the Evening Standard newspaper and save money. Customers will be able to redeem their EROS Reward Card credits beginning 28th July 2008.
Tim Allen, e-pay’s Sales Director said, “I am delighted that e-pay has again partnered with i-movo to introduce this exciting new cashless Redemption Scheme for the Evening Standard EROS Reward Cardholders. Through our network of e-pay terminals, consumers will enjoy real convenience when picking up their favourite newspaper — whilst benefiting from a range of exclusive Evening Standard EROS Reward Cardholder loyalty offers.”
David Tymm, CEO at i-movo commented, “The Evening Standard introduced the world’s first dedicated payment card for a newspaper less than a year ago, with the introduction of the scheme to their own vendors. Today is hugely significant, as retail acceptance of the EROS Card has increased at a stroke – by an order of magnitude – by leveraging the coverage provided by the UK’s leading payment networks”.
e-pay, a Euronet Worldwide, Inc. subsidiary (NASDAQ: EEFT), is the largest electronic payments processor of prepaid mobile airtime top-up services in the UK. e-pay provides E Top-up, E Voucher and payment services for both independent retailers and multiple retailers alike focusing on the supermarket, convenience, CTN, petrol forecourt and mobile specialist channels. Services are provided by both stand-alone terminals and integration into the retailer’s EPOS system — currently at more than 150,000 points of sale in the UK alone. Major retailers include Tesco, the Post Office, Sainsbury’s, ASDA, Morrisons, Boots, WHSmith, Woolworths, The Carphone Warehouse, Phones 4u, Esso, Shell, Jet and Martin McColl. The range of products and services available is increasing all the time. For more information, visit the company website at www.e-pay.co.uk.
i-movo is a private company jointly owned by private individuals and David Tymm, who is also CEO. The company was established in 2003 to develop technology and processes to distribute digital vouchers with redemption using existing retail infrastructure.