PayPoint

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PayPoint plc
Public limited company
Traded as LSEPAY
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.com

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[edit]

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[edit]

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[edit]

  1. ^ a b c "Annual Report 2014". PayPoint. Retrieved 1 April 2015. 
  2. ^ a b c d PayPoint: History
  3. ^ PayPoint IPO fits the bill Investors Chronicle, September 2004
  4. ^ "Paypoint buys internet payment provider Metacharge for 8.4 mln stg". Forbes.com. 1 November 2006. Retrieved 2008-11-28. 
  5. ^ "PayPoint acquires SECPay Limited". 24dash.com. 26 February 2007. Retrieved 2008-11-28. 
  6. ^ Customers benefit from Comodo PayPoint.net Agreement HOSTPULSE, 31 December 2008

External links[edit]