UKash Expands Service in Spain

London, March 9, 2010 -- Ukash, the world's largest prepaid cash-issuing estate, has announced that it can now offer consumers 24/7 access to vouchers in 80,000 Telefónica phone booths across Spain, to be redeemed at any of the thousands merchants where Ukash is accepted.



Through a deal with Telepay, consumers can now purchase 'open-loop' vouchers at thousands of phone booths and ATMs in Spain and shop online with the simplicity and security of cash. This is in addition to the convenient methods of purchasing Ukash vouchers online and in over 5,000 retail shops across the country.



Telefónica is one of the world's leading global integrated telecommunications companies, with a presence in 24 countries and headquartered in Spain. Ukash has already been available from thousands of Telefónica phone booths since October 2008, but the vouchers were limited in terms of where they could be spent.



Now in Spain, consumers can purchase Ukash vouchers 24 hours a day from phone booths, ATMs and through online issuance, making it the most easily accessible e-cash offering in the country.



To purchase Ukash via Telefónica phone booths, users follow the prompts on screen and deposit coins for the voucher's value. Customers immediately receive their Ukash 19-digit unique code via SMS, which can then be used to pay online in a similar way to a credit/debit card number however without the need to reveal personal details, eliminating the risk of identity fraud.



Consumers can obtain Ukash vouchers at any time of the day from phone booths in fixed denominations of €5 and €10, and they can be split and combined for a more convenient form of online purchasing, by registering the voucher code at www.Ukash.com.



Commenting, Mark Chirnside, Chief Executive Officer, Ukash, said: "We are delighted that our partnership with Telepay continues to grow as we pursue our strategic plan to enable cash consumers to shop online anywhere in the world. Opening up the availability of Ukash vouchers across Spain 24 hours a day means that our virtual cash is one of the most widely available, innovative alternative payment systems offered to consumers in the country."



Commenting, Patrick Becker, Managing Director, TelePay: due to the massive number of phone booths in Spain Ukash now allow cash consumers to purchase Ukash almost everywhere in Spain. So it is practically impossible to be excluded to participate and transact in the e-commerce. We are confident that this new distribution network will help Ukash to grow even faster.



Globally, Ukash is available at more than 320,000 physical issuing points and spans 30 countries.



Source: Company press release.

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UKash Teams with First Atlantic Commerce

Hamilton, Bermuda and London, Sept. 16, 2009 -PIN Payments News Blog- First Atlantic Commerce (FAC), a leading, international, multicurrency online payment and risk management solutions provider, and Ukash, a leading online cash payment solution, have teamed up to offer Ukash payment options to FAC’s merchants in the Latin American Caribbean Region, UK and Europe.



Ukash, which is regulated by the UK Financial Services Authority (FSA), combines the timeless simplicity of cash with the benefits of the internet to create a simple and unique payment solution that allows consumers to buy securely, anonymously and privately online.



FAC, a secure, PCI certified payment gateway that offers a range of payment options to its merchants including Visa, MasterCard, American Express and PayPal, has added Ukash to its payments platform, which means that FAC merchants can now easily accept riskfree cash payments on their website.

The move gives merchants access to, and retention of, new consumer markets including customers that do not want to disclose their financial details online, and those that do not have access to credit and debit cards.



Ukash has become a globally recognized payment method that enables online transactions using cash. Merchants benefit from accepting Ukash because the system opens up new consumer markets, while offering freedom from credit and debit card fraud, repudiations and chargebacks.



FAC merchants can now access Ukash together with PayPal and a range of card brands for credit card processing through a single interface.



Andrea Wilson, FAC’s Chief Executive Officer, said: “We are excited about the addition of Ukash to our payments platform. First Atlantic Commerce continually strives to add value for our merchants, and this integration will give them an additional option for their customers to make online payment for goods and services. It also enables merchants to access additional and alternative payment options in emerging markets like Brazil, Uruguay, Russia and Poland.”



Mark Chirnside, Chief Executive Officer at Ukash, said, “The mission for Ukash is to make online shopping available to anybody, anywhere in the world and this deal with FAC is the next step towards realizing that goal. FAC works across a broad range of exciting sectors on a truly global scale so being added to FAC’s payment platform will make Ukash available to thousands of new merchants who can then enable their customers to enjoy the benefits of using cash to shop, pay and play online.”



For more information on how you can start accepting Ukash via FAC’s platform, contact FAC at info@fac.bm or visit Ukash at http://www.ukash.com/business/contact.aspx .



About First Atlantic Commerce



First Atlantic Commerce (FAC) is a leading Internet, multicurrency payment and fraud risk solutions provider. Headquartered in Bermuda, and established in 1998 to create secure cardbased payment solutions for ebusinesses, FAC’s cGate® technology offers service, flexibility and security to adapt to many business and bank acquirer requirements.



FAC provides merchants with multicurrency payment solutions in addition to fraud and data management services including AVS, CVV2/CVC2/CID, 3D

Secure™ and IP Geolocation in multiple jurisdictions across Europe, Asia and the Latin American Caribbean Region. For more information, please visit www.firstatlanticcommerce.com .



About Ukash



Ukash® is a globally recognised ecommerce payment method to enable online purchases using cash, providing freedom from credit and debit card fraud, repudiations and chargebacks, and protecting personal identity.

Ukash® is regulated by the UK Financial Services Authority (FSA) and operates as one of only a small number of Electronic Money Institutions, a status that allows a single maximum online cash payment transaction of up to £500/€750.



Uniquely numbered Ukash® vouchers are widely available through payment terminals in retail outlets across Europe, South Africa and Australia. From spring 2009, Ukash vouchers have also been issued online from the company’s website in most European territories.



The technology behind Ukash is protected by several patents registered across the Smart Voucher database and functionality and is, as such, protected by Patent Law in all the major economies of the world. Ukash® is a registered trademark of Smart Voucher Ltd.



In 2008, Ukash® established a strategic partnership with South African payments giant Blue Label Telecoms to develop the brand’s services. For more information please visit www.ukash.com .



Source: Company press release.