DataCash appoints new CEO Wednesday 6 September 2000 PDF Print 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 success." 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. DataCash Ltd 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 in 22. 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 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 economy. 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. This press release was distributed by ResponseSource Press Release Wire on behalf of Pleon in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit http://pressreleasewire.responsesource.com/about.