moneynet in the press

M2 Presswire – 22nd October 2007

SPEED-TRAP: ONLINE CUSTOMER ANALYSIS HELPS LEADING GAMBLING SITE TO INCREASE REVENUES AND IMPROVE ONLINE USER

Paddy Power, Ireland’s biggest and most successful bookmaker has extended its contracts with Newbury-based online customer experience analysts, Speed-Trap. The new contract – valued in excess of GBP100,000 – will enable Paddy Power to further develop its eight commercial web-sites using active, live data collected from the site to fine tune its presentation on the sites, to understand how best to interact with its customers and therefore how to increase revenues and improve online customer experiences. The new Speed-Trap contract includes annual software licensing, training and ongoing support services.

Founded in January 2000 and based in the UK, with headquarters in Newbury, Berkshire, Speed-Trap’s customers include Alliance & Leicester, directgov, Betfair, Paddy Power, Yorkshire Building Society, PC World Business, moneysupermarket & travelsupermarket, Hoseasons, Moneynet and WH Smith.

The News (Portsmouth) – 16th October 2007

POSTAL BUSINESS IS LOST IN THE STRIKE

Companies across the area are turning away from the Royal Mail because the industrial action has harmed their business.

Consumer website Moneynet warned that consumers who had tried to pay off credit cards by posting cheques in the past 10 days could be hit by late payment penalties.

Sunday Times (Money) – 14th October 2007

MAIL STRIKE COULD LEAD TO LATE PAYMENT PENALTIES

Millions of people could be hit with late payment charges on credit cards and household bills because vital post has been delayed by the postal strike.

Richard Brown of price comparison site Moneynet.co.uk said: “Credit-card companies and utility firms stand to land a huge windfall from others’ misfortune. Those borrowers who put cheques in the post to their lenders over the last 10 days or so stand to incur a late charge as their remittances languish in the Post Offices overflowing depots.”

Independent on Sunday (Business and Money) – 14th October 2007

CREDIT CARD – STRIKE WILL HIT CUSTOMERS

The mail strike could lead to large numbers of credit card holders being hit with penalties as cheques are delayed in the post and payment deadlines missed as a result.

Richard Brown, chief executive of comparison site Moneynet, warned: “With few or no deliveries last week and a huge backlog of post to be dealt with, millions of people could be affected unless they pick up the phone to their lender and stamp out the possibility if being treated as a bad payer.”

The Times (web) – 13th October 2007

MAIL STRIKE COULD LEAD TO LATE PAYMENT PENALTIES

Millions of people could be hit with late payment charges on credit cards and household bills because vital post has been delayed by the postal strike.

Richard Brown of price comparison site Moneynet.co.uk said: “Credit-card companies and utility firms stand to land a huge windfall from others’ misfortune. Those borrowers who put cheques in the post to their lenders over the last 10 days or so stand to incur a late charge as their remittances languish in the Post Offices overflowing depots.”

Reuters.co.uk – 12th October 2007

POSTAL BACKLOG SPELLS LATE PAYMENT CHARGES

Thousands of consumers could soon be hit with late payment charges on bills and credit cards, following the postal strike.

‘Those borrowers who put cheques in the post to their lenders over the last 10 days or so stand to incur a late charge as their remittances languish in the Post Office’s overflowing depots,’ said Richard Brown, chief executive of price comparison service Moneynet.co.uk.

Daily Telegraph (Main) Telegraph.co.uk – 12th October 2007

MORE MAIL MISERY AS WILDCAT STRIKES DOUBLE IN SIZE

The number of postal workers engaged in “wildcat” strikes doubled yesterday, just days before a series of 24-hour walk-outs are set to bring the national network to a halt once again.

The British Chambers of Commerce said “businesses are in a state of flux”.

Consumer website Moneynet.co.uk warned that consumers who have tried to pay off credit cards by posting cheques in the past 10 days could be hit by late payment penalties.

MSN UK (web) The Scotsman (web) Tiscali (web) – 11th October 2007

CODE OF CONDUCT CALL FOR PRICE COMPARISON SITES

Price comparison sites risk misleading consumers and should be governed by a code of practice, an independent body said on Thursday.

Phil Hall, a spokesman for financial education charity, the ifs School of Finance, said students taking its personal finance qualifications learnt to be ‘wary about relying on any single source of information’. ‘The introduction of a voluntary code of conduct seems like an eminently sensible idea,’ he said. The research assessed eight price comparison sites (Moneysupermarket.com, Foolco.uk, uSwitch.com, Moneynet.co.uk, MoneyExpert.com, Moneyfacts.co.uk and Kellco.co.uk), as well as the Financial Services Authority’s comparison tables which, unlike the other sites, do not seek to generate revenue.

Daily Express (Main) – 3rd October 2007

YOU CAN GRAB BETTER LIFE INSURANCE DEAL

Life insurance is actually getting cheaper.

Increasing life expectancy means we are likely to claim on our life insurance later, which cuts premiums. Competition between insurers has also driven down costs.

You can compare rates online at dotcoms at Moneysupermarket, Moneyextra and Moneynet.co.uk.

Daily Star (Main) – 2nd October 2007

HOW TO WIN AT CARDS DON’T LOSE INTEREST IN YOUR CASH

We are still not grabbing the best credit card deals – and it’s costing us billions.

Only one in four credit card users clears their outstanding balance every month, which means a massive 75% have to pay interest.

Comparison firm Moneynet.co.uk reckon we are chucking away £5.7billion a year by not taking up zero per cent deals.

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Press enquiries

Richard Brown, Chief Executive: 0208 313 9030

David Andrews/Cathy Tully, David Andrews Media Ltd: 07941 255855 / 01273 774109 / 07747196854

Consumer enquiries: info@moneynet.co.uk / www.moneynet.co.uk

Moneynet.co.uk is the UK's longest established online personal finance research and data analyst company. The company offers consumers a choice of thousands of low cost financial services products. From mortgages, personal loans to motor, home and medical insurance, credit cards, savings accounts and best buy fixed rate products, Moneynet is one of the most comprehensive online services of its kind in the UK. Founded by chief executive Richard Brown, the Moneynet brand is destined to become one of the UK's major players in consumer finance products.

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