PayPoint: Difference between revisions
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==History== |
==History== |
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The PayPoint network was set up in 1996 |
The PayPoint network was set up in 1996 for customers to pay towards a limited range of [[Public utility|utility companies']] payment schemes: it was first tested in [[Northern Ireland]].<ref name=history>[http://www.paypoint.com/companyhistory.htm PayPoint: History]</ref> The company launched its system to the [[News media|media]] in 1997.<ref name=history/> In 1998 the system was first offered to [[British Gas]] customers wanting to pay their bills; in 2000 it was also offered to [[Vodafone UK|Vodafone]] customers and in 2001 it was extended to [[Scottish Power]], [[MANWEB|Manweb]] and [[Orange (UK)|Orange]] customers.<ref name=history/> The Company was first listed on the [[London Stock Exchange]] in 2004.<ref>[http://findarticles.com/p/articles/mi_hb6602/is_/ai_n26014447 PayPoint IPO fits the bill] Investors Chronicle, September 2004</ref> The system was extended to [[Television licence|TV Licence]]s in 2006.<ref name=history/> |
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In November 2006 and February 2007 PayPoint acquired internet payment service providers Metacharge<ref>{{cite web| url=http://www.forbes.com/markets/feeds/afx/2006/11/01/afx3136105.html |title= Paypoint buys internet payment provider Metacharge for 8.4 mln stg |publisher=[[Forbes|Forbes.com]] |date=1 November 2006 |accessdate=2008-11-28}}</ref> and SECPay,<ref>{{cite web| url=http://www.24dash.com/news/Central_Government/2007-02-26-PayPoint-acquires-SECPay-Limited |title=PayPoint acquires SECPay Limited| publisher= 24dash.com |date=26 February 2007 |accessdate=2008-11-28}}</ref> respectively. These ventures were merged and rebranded as PayPoint.net, providing a secure debit and credit card payment system for web-merchants, in July 2008.<ref>[http://www.hostpulse.com/hosting/news/CV1-5455.html Customers benefit from Comodo PayPoint.net Agreement] HOSTPULSE, 31 December 2008</ref> |
In November 2006 and February 2007 PayPoint acquired internet payment service providers Metacharge<ref>{{cite web| url=http://www.forbes.com/markets/feeds/afx/2006/11/01/afx3136105.html |title= Paypoint buys internet payment provider Metacharge for 8.4 mln stg |publisher=[[Forbes|Forbes.com]] |date=1 November 2006 |accessdate=2008-11-28}}</ref> and SECPay,<ref>{{cite web| url=http://www.24dash.com/news/Central_Government/2007-02-26-PayPoint-acquires-SECPay-Limited |title=PayPoint acquires SECPay Limited| publisher= 24dash.com |date=26 February 2007 |accessdate=2008-11-28}}</ref> respectively. These ventures were merged and rebranded as PayPoint.net, providing a secure debit and credit card payment system for web-merchants, in July 2008.<ref>[http://www.hostpulse.com/hosting/news/CV1-5455.html Customers benefit from Comodo PayPoint.net Agreement] HOSTPULSE, 31 December 2008</ref> |
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Revision as of 16:32, 7 April 2015
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| Company type | Public limited company |
|---|---|
| LSE: PAY | |
| Industry | Payment systems |
| Founded | 1996 |
| Headquarters | Welwyn Garden City, Hertfordshire, UK |
Key people | Warren Tucker, (Chairman) , (CEO) |
| Revenue | £212.2 million (2014)[1] |
| £44.3 million (2014)[1] | |
| £35.9 million (2014)[1] | |
| Website | www |
PayPoint plc is a British business offering a system for paying bills in United Kingdom, Ireland and Romania. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
History
The PayPoint network was set up in 1996 for customers to pay towards a limited range of utility companies' payment schemes: it was first tested in Northern Ireland.[2] The company launched its system to the media in 1997.[2] In 1998 the system was first offered to British Gas customers wanting to pay their bills; in 2000 it was also offered to Vodafone customers and in 2001 it was extended to Scottish Power, Manweb and Orange customers.[2] The Company was first listed on the London Stock Exchange in 2004.[3] The system was extended to TV Licences in 2006.[2]
In November 2006 and February 2007 PayPoint acquired internet payment service providers Metacharge[4] and SECPay,[5] respectively. These ventures were merged and rebranded as PayPoint.net, providing a secure debit and credit card payment system for web-merchants, in July 2008.[6]
Competitors
Rivals to PayPoint include the Post Office Ltd (in the UK), Payzone and An Post's PostPoint network (in Ireland) all of which offer similar services.
References
- ^ a b c "Annual Report 2014" (PDF). PayPoint. Retrieved 1 April 2015.
- ^ a b c d PayPoint: History
- ^ PayPoint IPO fits the bill Investors Chronicle, September 2004
- ^ "Paypoint buys internet payment provider Metacharge for 8.4 mln stg". Forbes.com. 1 November 2006. Retrieved 2008-11-28.
- ^ "PayPoint acquires SECPay Limited". 24dash.com. 26 February 2007. Retrieved 2008-11-28.
- ^ Customers benefit from Comodo PayPoint.net Agreement HOSTPULSE, 31 December 2008
External links