Arcadia renews gift card platform contract with PrePay Technologies

26th March 2007

The Arcadia Group, one of UK’s largest clothing retail groups, has renewed its contract with PrePay Technologies, the market leader in Stored Value card solutions, for the supply and on-going development of the Gift Card platform that supports its successful gift card programmes.
 
Since December 2004, PrePay Technologies have been responsible for creating and managing the gift card programmes for all the Arcadia Brands which include the Burton, Dorothy Perkins, Evans, Miss Selfridge, Outfit, Topshop, Topman, & Wallis brand names.

Richard Burchill, Head of Treasury and Card services at Arcadia stated “the prepaid market in the UK has grown significantly since we launched our programmes and having researched all the options available to us, we are convinced that PrePay Technologies, with its market leading status, dedicated gift card platform and sector specific expertise, are in prime position to continue to deliver operational efficiencies across our business. We are delighted to renew our contract with PrePay Technologies and look forward to working with them to deliver additional value to our clients through our Gift Card and prepaid card programmes”

Philippe Dufour, CEO of PrePay Technologies, expressed his delight at the renewal stating 'this is an excellent endorsement of the innovative market leading prepaid services that we have provided to the retail sector in general and the Arcadia Group, in particular. We have always prided ourselves on providing a proactive, professional and innovative service. Gift cards have become an integral part of gifting in both the consumer and corporate sector and we are glad to be at the forefront driving that change”

Established in 2000, PrePay Technologies are behind some of the most successful gift card programmes across the UK including Rugby Football Union (RFU), Ticketmaster, Comet, Laura Ashley, LOVEFiLM, Gift Days Out, Debenhams and announced the issue of its 10 millionth prepaid card in November last year.

- Ends -

For further information about PrePay Technologies Limited, please visit the press room or contact

Amit Sharma
Corporate Marketing Manager
Tel: +44 (0) 207 0344 344

Email: amit.sharma@prepaytec.com