IN BRIEF: PayPoint signs up Lloyds for BankLocal cash deposit service

PayPoint PLC - Hertfordshire, England-based payments and retailing technology - Signs up Lloyds to be the first UK high-street bank to use its BankLocal service. This will allow customers of Lloyds, Halifax and Bank of Scotland, all part of Lloyds Banking Group PLC, to make cash deposits at PayPoint’s retail network of 30,000 locations across the UK. ‘Our leading retail network provides a vast range of essential services at the heart of communities across the UK, for everything from banking, utility, parcel, cash and government services,’ says Chief Executive Nick Wiles. PayPoint says Local Banking and cash Access are two growth areas for the company, as it continues to target £100 million in adjusted earnings this year.

PayPoint current stock price: 737.23 pence, up 1.6% in London on Tuesday

12-month change: up 5.9%

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