The UK’s leading independent internet payment service provider, SECPay, today announced they have joined forces with innovative new e-commerce payment brand, Ukash. This means that all websites that use SECPay to handle their online payment functions will now be able to accept cash payments as well as credit and debit cards.

Ukash allows online purchases to be made securely by using Ukash vouchers instead of a credit or debit card. Ukash vouchers are widely available at convenience stores across the UK, including 14,000 PayPoint stores, rising to at least 30,000 by the end of 2005. Once purchased, this multi-channel, closed loop voucher system can be used on a growing number of websites to pay for goods and services.

According to research carried out by Ukash, UK retailers are losing almost £8 billion per year by failing to accept cash payments for online transactions. By offering Ukash as a payment option, businesses provide their customers with a wider choice when buying online, potentially opening up valuable new revenue streams. Compellingly, because Ukash customers are paying in the equivalent of cash, the sale is assured and there is no chance of repudiation or fraud.

SECPay’s Technical Director, Chris Dipple, commented: “We are delighted to be one of the first online payment service providers to offer a payment gateway that is fully integrated with Ukash. SECPay believes the Ukash payment system provides an exciting opportunity for both consumers and online businesses and we’re delighted to provide our merchants with access to this exciting new consumer market.”

Ukash’s Chief Executive, Michael Norton, said: “Ukash is delighted to be working with SECPay, a well respected and financially secure payment service provider with a diverse range of merchants. The partnership will enable all SECPay merchants to accept payment from a far broader range of consumers with Europe’s market leading online cash payment brand”

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Notes to Editors

SECPay

SECPay processes millions of pounds worth of transactions every day and its clients include entrepreneurs, SMEs, charities and large blue chip organisations.

SECPay merchants benefit from real-time authorisation, deferred payment processing, partial and full refunds, repeat payments, automated billing, flexible information capture, batch processing and email notification.

For further information, please contact:

Hannah Williams/ Zoë Harris
Trimedia Communications
+ 44 (0)20 7471 6840/ + 44 (0)20 7471 6855
Hannah.williams@trimediauk.com zoe.harris@trimediauk.com

Published on: 12:00AM on 7th March 2006