Payzone
 | It has been suggested that this article should besplitinto articles titledPayzone (United Kingdom)andPayzone (Ireland).(discuss)(May 2023) |
 | This article needs to beupdated.The reason given is: The company was split into two separate unrelated companies a few years ago but still use the same brand name in separate countries. The companies are not related in any way except for their historic connection with the brand name..(May 2023) |
Payzoneis a brand name in the consumer payments industry in the UK and Ireland, used by two distinct and separately-owned businesses, which used to be connected.
Payzone UKis a consumer payments company founded in 1995 and based inNorthwich,Cheshire.[1]It rents payment terminals to retailers, including web traders, so that they can accept credit card payments both for goods sold on site and for utilities, bridge tolls, lottery tickets and the like.
Payzone Irelandis based in Sandyford, Dublin, and employs over 80 people in Ireland.[2]The company was founded in 1989. It previously traded as Alphyra (1999-2007) and ITG Group (1989-1999) and was listed on theLSEunder tickerLSE:PAYZ.[citation needed]In 2010 it was acquired by Duke Street in a debt for equity deal,[3]Payzone was sold to Carlyle Cardinal Ireland for €43.3m in 2015.[4][5]Carlyle Cardinal Ireland had a total of €290 million fund set up in 2013; one of the companies they invested in was Payzone.[6]
The company processes a variety of electronic transactions services, including debit/credit card transactions mobile phone top ups, M50 motorway toll payments, Leap travel cards, local property tax payments,pay-by-phone parking,pre-paid and bill pay utility, and parcel collection services.[5]
References
[edit]- ^"Getting to know you: Payzone".One Post Office.2018.Retrieved7 April2020.
- ^"Payzone acquires FeePay platforms".Tech Central.29 June 2017.Retrieved7 April2020.
- ^"Payzone cuts debt by sale of stake to Duke Street".City AM.8 February 2010.Retrieved25 July2017.
- ^O'Donovan, Donal (10 March 2015)."Payzone sold by backers to private equity fund".Irish Independent.Retrieved25 July2017.
- ^abTaylor, Charlie (17 August 2016)."Payzone Pretax Profits Increase by over 60% as Company Rebalances".Irish Times.Archived fromthe originalon 18 November 2018.Retrieved25 July2017.
- ^Brennan, Joe."Cardinal raises initial €175m for follow-on private equity fund".The Irish Times.Retrieved4 March2020.
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