Payzone

Payzone UK is a consumer payments company founded in 1995 and based in Northwich, 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
Private
IndustryPayment network
PredecessorAlphyra
ITG Group
Founded1989 (1989)
HeadquartersNorthwich, United Kingdom
Dublin, Ireland
Area served
United Kingdom
Ireland
Key people
  • Mike Maloney (Chairman)
  • Ben Mortimer Smith (CEO)
  • Nigel Bell (CFO)
ProductsCash acceptance, EFT, Online payments, ATM.
Websitewww.payzone.co.uk (UK)
www.payzone.ie (Ireland)

Payzone Ireland is a similar based in Sandyford, and employing 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 the LSE under ticker LSE: PAYZ. 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 on was Payzone. [6]

Operations

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]

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References
  1. "Getting to know you: Payzone". One Post Office. 2018. Retrieved 7 April 2020.
  2. "Payzone acquires FeePay platforms". Tech Central. 29 June 2017. Retrieved 7 April 2020.
  3. "Payzone cuts debt by sale of stake to Duke Street". City AM. 8 February 2010. Retrieved 25 July 2017.
  4. O'Donovan, Donal (10 March 2015). "Payzone sold by backers to private equity fund". Irish Independent. Retrieved 25 July 2017.
  5. Taylor, Charlie (17 August 2016). "Payzone Pretax Profits Increase by over 60% as Company Rebalances". Irish Times  – via HighBeam (subscription required) . Archived from the original on 18 November 2018. Retrieved 25 July 2017.
  6. Brennan, Joe. "Cardinal raises initial €175m for follow-on private equity fund". The Irish Times. Retrieved 2020-03-04.
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