Excelent looking chart a breakout now occuring after 2 months of consolidation.

gf

Most certainly still an hold Mitch in fact this afternoon Im going to have a few more of these. All we need is an update and I think this one will soar.
Any idea when next results due?, cant be that far away.

cheers gf.

This news might put some life into the price......

LONDON (AFX) - Datacash Group PLC said it has extended the functionality of its outsourced payment gateway to support new Chip and PIN cardholder present transaction standards, which allows it to offer services to high street 'bricks and mortar' retailers.

The Chip and PIN initiative, introduced by the banking industry earlier this year, requires card users to enter a four-digit Personal Identification Number (PIN) instead of signing a paper receipt at the checkout.

Gavin Breeze, Business Development Director of DataCash said: 'DataCash is now working closely with systems integrator partners, retailers and Point of Sale (POS) software suppliers to roll out our outsourced managed Electronic Funds Transfer solution for chip and PIN.'

newsdesk@afxnews.com

Yup price already up and looking strong.

cheers GF.

This is a great deal for Datacash make no doubts about that. Its now got its foot in the government gateway door. Contracts should flow from here.

RNS Number:1380U
Datacash Group PLC
13 January 2004

Embargoed for 7.00am Tuesday 13th January 2004
DataCash Group Plc ('DataCash' or 'the Company')



DATACASH ROLLS OUT PAYMENTS SOLUTIONS
FOR GOVERNMENT GATEWAY


Overview:


* DataCash chosen by multinational IT group Schlumberger to operate credit card
and direct debit payment services on the Government's new Gateway internet
payment system

* Both companies and individuals will be able to order services from Government
departments via the internet using the new network

* Online payment technology selected for its security, reliability and ease of
use

* DataCash expects a rapid expansion of volumes in payment transactions on the
network

* Agreement compliments DataCash's already substantial presence in the UK's
online card processing market


DataCash, the UK's leading payment services provider, today announced it has
been appointed by SchlumbergerSema, the Information Technology business segment
of Schlumberger Limited, to supply its outsourced solutions for the Cabinet
Office's Government Gateway.

SchlumbergerSema provides systems integration and managed services for the
Government Gateway and, in order to procure those services, has contracted
DataCash to provide its card and direct debit payment services.

The Government Gateway is a secure, resilient hub that provides a single point
of contact for citizens to access UK Government information via the Internet.
The Gateway links to individual departments, local authorities and trusted
portals. It is an important part of the government's strategy of delivering
'joined up' government, enabling people to communicate and make transactions
with government from a single point of entry.

A number of government organisations are already available online through the
Gateway including DEFRA, DWP, DARDNI, DTI, HM Customs and Excise, Inland
Revenue, and LRNI

One of the key business drivers in the latest release of the Government Gateway
was the need to support all combinations of payment from citizens to government,
business to government and intra government.

DataCash has been selected to provide the secure, outsourced, payments
technology that supports the Gateway's ability to take and process payments made
by credit and debit card as well as direct debit and direct credit.

Derek Ward, managing director for public sector at SchlumbergerSema, said, "The
DataCash solution meets the needs of the Cabinet Office providing a secure,
reliable and easy to use online payment mechanism. SchlumbergerSema has worked
closely with DataCash to integrate the solution seamlessly into the existing
infrastructure and deliver this new functionality to the Government Gateway on
time and to budget."

Gavin Breeze, Business Development Director, DataCash said, "We are delighted to
have been selected to provide the outsourced payment solutions behind the
Gateway. We deliver a robust, scalable, highly secure service capable of
processing what we anticipate will be a rapidly expanding volume of payment
transactions. DEFRA was the first department to go live with our system and we
look forward to working closely with both SchlumbergerSema and the Cabinet
Office as we roll out the solution to government departments and local
authorities." ENDS.

Fantastic news.

cheers GF.

Croc

This not only great contract news, but this will give the corporate world the confidence to deal with this small company. I expect we will now see a flow of contract signings which will make t/o jump as well as profits. THIS WILL ALSO ATTRACT OTHER COMPANIES TO RUN THEIR SLIDE RULE OVER DATACASH AND COULD ATTRACT A BID.

Raging buy!!!!!!!!!!!!!! New highs will not be far away!!!!!!!!!!!!

Good point about a bid, there was rumours a few months back that a few American Banks were taking note of this one. Now up 5% suprised more people on this board havent recognised the magnitude of this deal announced today. It could be really massive.

cheers GF.

Croc

I'm sure that Shares amongst others, and the techie brokers will pick up on this and will bring their clients in when the magnitude of this contract is discussed. I don't think it will take too long before we hear the thunder of the herds hooves.

Back in today myself after selling last August. The calibre of Schlumberger is good but the implications inherent in what is effectively the Inland Revenue and friends trusting information to Datacash's systems is not to be underestimeated, in my view.

Spot on Bones. This is big stuff in my view. Up again today and looking strong. Think we will get broker upgrades now on this one.

cheers GF.

todays shares has a review of their 2003 picks today - their new view is still buy,"we were disappointed with the shares un tilthe company this week announced a massive deal with the government....expect 3p-4p eps this year"....buying at the open today me....

RNS Number:2416U
Datacash Group PLC
15 January 2004


DataCash Group Plc ('DataCash' or 'the Company')
PRE-CLOSE TRADING UPDATE


The Directors of DataCash Group Plc, the AIM listed payments service provider,
are pleased to announce a pre-close trading statement for the year ended 31
December 2003.


* This has been a good year for DataCash. The Group achieved
pre-tax (pre-goodwill amortisation) profits for 2003 in excess of 700,000
compared to a 2002 loss of 391,000. Year-end cash balances more than doubled
from the 666,000 at December 31st 2002.


* Transaction growth was impressive, particularly in the fourth
quarter, reflecting a number of new contracts with high street retailers and the
general growth in on-line retailing.


* Statistics from the Interactive Media in Retail Group (IMRG)
suggest on-line retailing is growing at an annual rate of 44% compared with an
increase of just 0.6% in traditional retailing.


* DataCash customers have seen transaction growth in excess of
those statistics and the Company is now processing payments with a monthly value
of more than 200m on behalf of its clients.


* DataCash believes that there should be continued growth in 2004
helped by a variety of factors including the improved quality of retail
websites, the growing acceptability of the convenience, security and reliability
of on-line purchasing together with the growing penetration of Broadband
services.


* DataCash is well positioned to benefit from the growth in
on-line trading and has achieved the notable success of being the first UK
Payment Service Provider to process a 3D-Secure transaction (3D-Secure is the
protocol promoted by both MasterCard and Visa to mirror the High Street's Chip
and PIN initiative)


* As reported in the interim statement, the Company is progressing
opportunities in the 'cardholder present' high street retail market. All
retailers with physical stores (rather than on-line retailers) are reviewing
their payment processing requirements as a result of the bank mandated
introduction of Chip and PIN in January 2005.


* There was no revenue for DataCash from card holder present
transactions in 2003 and it is unlikely to make a material contribution in 2004.
However, it is exploring a number of opportunities that could provide
significant additional revenues and profits from the high street in the medium
term.


* The DataCash infrastructure is capable of handling far greater
volumes of transactions with only a modest increase in overheads. Capturing more
business to exploit this capacity presents opportunities for future growth in
2004. The Directors look forward to the challenge with confidence.


* The Company expect to report final figures towards the end of March.


* * ENDS * *


Issued on behalf of DataCash Group Plc by St Brides Media & Finance Ltd, 46
Bedford Row, London WC1R 4LR.

Contacts:

David Bailey DataCash Tel: 0870 7274760
Cliff Feltham/Isabel Crossley St Brides Tel: 020 72424477


Note to editors:

* DataCash provides the electronic services, by which merchants
can accept, authorise and settle transactions made by a variety of financial
instruments such as cards and direct debts.

* The Company has been listed on AIM since 1996 and last June
changed its name from Auxinet plc to DataCash Group plc to reflect the fact that
it is now purely focused on payments processing.


This information is provided by RNS
The company news service from the London Stock Exchange
END

I notice on my credit card statement that the MoneyAM sub is referenced "Datacash Ltd".

Just gets better doesnt it guys, must be one of the hottest small caps about on the market at the moment. Looks like mega growth to come.

cheers GF.

Some more information on this big gateway deal.

http://www.creditman.biz/uk/members/news-view.asp?newsviewID=2797&id=1&mylocation=News&chksrc=NNow4251

About Government Gateway

The Government Gateway allows government organisations and electronic business users and citizens to communicate with each other using a common, consistent mechanism. The Gateway infrastructure also enables government departments and organisations to communicate between themselves - so a central government department, for example, could use the Gateway to securely route transactions to a local authority


The Gateway facilitates joined-up working between all stakeholders and acts as an intelligent hub; providing authentication services, verifying the integrity and validity of submitted transactions from citizens and businesses and routing them to and from appropriate government departments and organisations.


The potential user community consists of tens of millions of citizens, agents and businesses. The number of national, regional and local government organisations is estimated to be in excess of 1,000.



For more information, visit http://www.gateway.gov.uk

cheers GF.

GF

Do you think this is first step to paying Pensions, giros, childrens allowance, parking fines, military salaries, local and civil servants pay, council rents ............etc etc etc......direct to bank accounts? That would add bn's to transaction flows PER WEEK!!!!!!!!!!! ON CURRENT BASE OF 50m

I've got to buy more!

Dunskey, most certainly and thats why I keep pointing out this deal is massive.
A lot of investors and analysts I have to say, just havent caught on yet what this means but they will.

cheers GF.

GF,I like you am convinced but wonder how long a 28m market cap can survive surely one of the big players in this market will whip them off the table for 50-100m.

Have the company given any indication of how they see the revenue build up from this contract? Can you tell me what city analysts cover this stock.

ps bt more!

HI..noticed trading prices on AM streaming screen keep showing deals at for instance 54p not 64p etc that is shown as being mid price...Any reasond for that?