London - 06 September 2000 - Nicolas Babin has been
appointed CEO of DataCash, the UK's leading provider of
online payment systems and an auxinet plc company. Babin,
who will report into the auxinet board, joins DataCash from
the Sony Group where he was European managing director of
Etak, the Digital Map Company Limited.
With Babin at the helm, DataCash will continue to
revolutionise and dominate the global electronic payment
gateway market. The company offers the e-commerce community
superior technology and products benefiting clients,
employees and shareholders alike.
In this new role, Babin will manage the rapid growth
DataCash is experiencing and ensure that the company can
enjoy further success in the expanding global e-commerce
market. This year DataCash's online transaction numbers are
increasing at a rate of 400 per cent.* Gavin Breeze, the
founder of DataCash continues to run company projects,
capitalising on his entrepreneurial strengths.
"We are delighted to welcome Nicolas to DataCash," says
Breeze. "We have seen a 49 per cent increase in our customer
base in the first half of 2000 and it's great to have
Nicolas's business and management expertise to build on this
Nicolas Babin, 34, is French and has lived and worked in
France, Germany, the United States, and the United Kingdom.
He has held a variety of managerial roles at Sony, C.ATS
Software Inc and Atwork Health Systems. A keen linguist, he
is bilingual in English and French, is fluent in German, and
speaks Spanish and Japanese.
*In 1999 a total of 800,000 transactions went through the
DataCash systems, for the first six months of 2000 the
figure already stands at 1,669,626, suggesting a projected
growth of over 400 per cent.
The UK's leading online payment services provider, DataCash
takes the effort out of e-commerce, making it easy to add
credit and debit card transactional capabilities to any web
site, whatever the server platform, shopping cart system or
front end device - Internet, WAP, Call Centre, Kiosk,
Interactive TV. DataCash's modular approach to secure
e-commerce incorporates sophisticated screening techniques
to ensure protection against Internet fraud. DataCash is
approved by all major banks and credit cards and already
process approximately 20% of all UK Internet transactions
and are able to trade in more than 177 currencies and settle
DataCash's clients include blue-chip Internet players and
dot.com startups such as Tiny Computer Ltd., Epson UK Ltd.,
Breathe.net and QXL.
DataCash is a wholly owned subsidiary of the auxinet group.
For more information visit our website at http://www.datacash.com
or call +44 (0) 207 632 0400.
auxinet plc is an Economic Network (EcoNet) of four tightly
knit companies that share a common infrastructure, customer
base and intellectual capital. A leading enabler in the
e-commerce and fast growth hi-tech sector, auxinet plc
offers the essential ingredients required for success. The
group provides infrastructure services for the hi-tech
sector, from human venture capital to e-payments for
e-businesses. auxinet delivers solutions and value for
startups and blue chip organisation embracing the e-business
auxinet plc is AIM listed and trades under the symbol "aux".
For more information visit our website at http://www.auxinet.com or
call +44 (0) 207 759 7900.
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