£4 REWARD FOR EVERY NEW CUSTOMER SIGNED UP TO PARK 15 December 2008 PayPoint, the UK’s leading cash and internet payments network, is offering retailers the chance to earn £4 for every new customer they sign up to Park, the UK’s number one Christmas savings provider.
As well as signing up new customers to Park, retailers are able to take over-thecounter cash payments and earn themselves 1 per cent commission on each transaction up to a £30 transaction value. The average Park customer makes 25 cash payments of £15 each per year.
Park customers can spread the cost of Christmas by ordering goods or vouchers from their catalogue and making regular payments into their Park Account throughout the year. All payments are made by 1st November when all items ordered are despatched and delivered to the customers in plenty of time for the festivities. Over 400,000 families currently save for Christmas with Park.
“This partnership is another excellent example of PayPoint working to extend the breadth of the services available to consumers through retailers’ PayPoint terminals, so increasing footfall into stores and growing retailers’ business,” said Mike Igoe, Retail Strategy Director at PayPoint. “Many people’s financial situation has been affected by the recession this year and, in the New Year, they may be anxious about how they will cope in 2009. Retailers will be able to provide these customers with some peace of mind by signing them up to the Park payment scheme and earn healthy commissions at the same time.”
Customers wishing to open a new Park Christmas saving account will have their name, address and postcode entered via the PayPoint touch screen terminal. All details are sent to Park electronically, whereupon a new account will be opened, following which the customer will receive a welcome pack. To process Park cash payments, customers provide retailers with their bar-coded payment slip so that it can be scanned against the amount being paid in. - Ends - Notes to Editors
Park Christmas Savings
To safeguard prepayments made by customers, an independent trust has been designed to give consumers added security for their savings in the event of Park Group going into administration or liquidation before the customers have received the products they have paid for.
PayPoint
PayPoint is the leading cash and internet payments company in the UK and Ireland. It handles in excess of £8 billion from over 515 million transactions annually for 6,000 clients and merchants. The company operates with several payment networks: The PayPoint retail network numbers over 20,750 terminals located in local shops (including Co-op, Spar, Costcutter, Sainsburys Local, One Stop, Londis, Somerfield and thousands of independents) in all parts of the UK and Ireland. Terminals handle gas and electricity meter prepayments, cash bill payments, mobile phone top-ups, transport tickets, BBC TV licences and a wide variety of other payment types for all of the leading utilities, telecommunications suppliers and many consumer service companies. This network is used by consumers, free of charge, over 9 million times a week. The network has 98.9% population cover on a 1 mile urban or 5 miles rural measure; Additional multiple retailer connections via retailers’ electronic till systems in the UK, including BP and Superdrug, for mobile top-ups and selected payments from the PayPoint range; The PayPoint ATM network has 2,150 ‘LINK’ branded machines across the UK, also typically in convenience stores; PayPoint.net provides secure credit and debit card payments for over 5,100 web merchants linking into all the major UK acquiring banks; and PayPoint International, which operates bill payment and top-up services in Ireland and Romania. PayStore in Romania now has 4,700 terminal outlets including 1,200 PayPoint branded sites for the new bill payment service.
PayPoint plc (PAY:LSE) floated on the London Stock Exchange in September 2004. PayPoint is widely recognised for its leadership in prepayment systems, smart technology and consumer service. | 
