The Sun, Britain’s best selling daily newspaper and Tuxedo Money Solutions, a leading programme manager in prepaid cards have launched a co-branded ‘pay-as-you-go’ MasterCard® with PayPoint, the UK’s leading convenience retail bill payment network.

The Sun–Tuxedo card pack will be advertised through The Sun newspaper and also at www.thesun.co.uk. The pack will include a welcome letter, paying-in book, user guide and the card itself for only £6.49. For launch, the card will also offer £5 cash back on the first load of credit (minimum £10) – making the effective price of the first pack only £1.49. With the incentive of cash-back when a consumer tops up for the first time, Tuxedo is expected to create an early impact.

PayPoint has been chosen as the exclusive electronic top-up partner enabling consumers to top-up their The Sun-Tuxedo Prepaid MasterCard® at over 17,500 outlets nationwide. PayPoint retailers will earn 1% commission on all top-up transactions.

Mike Igoe, PayPoint Retail Director commented: “The introduction of another new scheme to the PayPoint service is indicative of the range and breadth of the PayPoint offer. PayPoint is constantly looking at new ways to drive traffic into our outlets and with a well supported campaign through The Sun and Tuxedo, this will be further good news to our retailers.”

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Enquiries:

PayPoint Press Office
Helen Crossley and Jenine Creaney
020 7100 9999

helen.crossley@mischiefpr.com / jenine.creaney@mischiefpr.com

Notes to Editors
PayPoint is the leading cash and internet payments company in the UK and Ireland, handling in excess of £5 billion in over 400 million transactions annually for more than 5,000 clients and merchants. The company operates with several significant payment streams:

• The PayPoint branded retail network numbers over 18,500 terminals located in local shops (including Co-op, Spar, Costcutter, Sainsburys Local, One Stop, Londis 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, London Congestion Charges, 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 7 million times a week. The network has 97.3% population cover on a 1 mile urban or 5 miles rural measure;
• Additional multiple retailer connections into the electronic till systems of nearly 4,000 outlets including BP, Somerfield and Superdrug for mobile top-ups and selected payments from the PayPoint range;
• The PayPoint ATM network has 1,979 'LINK' branded machines across the UK, also typically in convenience stores;
• PayPoint Internet Payment Services (PPIPS), trading as Metacharge and SECPay, provides secure credit and debit card payments for over 4,000 web merchants linking into all the major UK acquiring banks; and
• PayPoint International has recently acquired a Romanian mobile top-up operator to which a bill payment service will be added, emulating the UK branded retail network. PayPoint International also operates Irish bill payment and top-up services.

PayPoint floated on the London Stock Exchange in September 2004. The company's market capitalisation at 25 March 2007 was £464 million. PayPoint has been awarded the Queen's Award for Enterprise and is widely recognised for its leadership in prepayment systems, smart technology and consumer service.