The Company

The company has recently signed a binding agreement to acquire 76% of Web-Pay Limited and will now have 2 valuable brand names epaypoint.com and web-pay.

web-pay is an on line credit card processor with a number of merchant clients which has become part epaypoint plc in order to expanded its client base and services. epaypoint plc has a number of larger quality clients ready to start trading through either brand 

The Market and Marketing

The market for purchasing on line is growing at a rapid rate. The market research company IMRG has reported that internet spending increased by 35.4% (from ₤1.47 billion to ₤2.33 billion) on like for like sales in July, 2006. In addition, new products are being introduced to the internet increasing the total spend.
Initially the Company is relying on referrals since the infrastructure is not established to handle the expected customer base that a full marketing program will generate. The Company has contracted with a marketing company to build a three year marketing plan. Initial marketing, material is also in the process of completion.

Products and Services

The company uses proven market leading technology to provide a fast efficient on-line credit and debit card verification and processing service to customers of all sizes. The systems provide and support back office functions, including financial reporting, tracking, fraud prevention, affiliate tracking, customer service and sales tracking

Background Information

The Directors and Principles have a considerable proven track in banking software and financial transaction processing and management on going from the mid 1980s, taking systems that are still in use today from design level through programming, testing, up to the management of a listed company.