PayPoint and System One Celebrate One Million Ticket Sales

PayPoint retailers in the Greater Manchester area have sold one million System One bus tickets to the public transport users in the region. This sales achievement highlights the success of the ticketing scheme which was launched via PayPoint outlets in 2006. 

PayPoint retailers in the area can take advantage of the associated sales when System One customers regularly visit their local PayPoint outlets to purchase transport tickets. Customers use convenient PayPoint outlets to speed up their journeys by buying their tickets in advance of travel. PayPoint retailers earn 2% commission on all System One ticket schemes.

Mike Igoe, PayPoint’s Retail Director commented: “By introducing transport ticketing schemes to the PayPoint terminal, our retailers have cemented their store in the local community by offering a point of difference to their ever increasing competition.  We’re delighted to have had one million ticket transactions for System One and we look forward to selling a million more!”

Enquiries:
PayPoint Press Office     
020 7100 9999
paypoint@mischiefpr.com

Notes to Editors
PayPoint is the leading cash and internet payments company in the UK and Ireland, handling in excess of £6 billion in over 470 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 19,000 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, 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, 8 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 1,950 'LINK' branded machines across the UK, also typically in convenience stores;
• PayPoint Internet Payment Services, trading as Metacharge and SECPay, provides secure credit and debit card payments for over 4,500 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 5 February 2008 was £413 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.