PRESS RELEASE

Telephone Banking – on the Street in Tower Hamlets!

Spectrum Interactive have brought new meaning to Telephone Banking with the introduction of their combined Street Payphone & ATM cash machine in association with Travelex! 

The first of the new payphone/ATM kiosks was installed in Tower Hamlets this week on Commercial Street near Spitalfields market. 

The new payphone design means people can access the public phone without entering a phonebox, enabling easy access for parents with prams or children, and wheelchair access. The new kiosk also incorporates an ATM cash machine, providing easy access to cash at all hours!! 

Spectrum Interactive are in the process of installing four further combined payphone and ATM units across Tower Hamlets in the next month and in doing so, will increase cash convenience for local residents!  

The ATM/payphone units have also been designed in traditional payphone red to fit in with it’s existing street payphones. 

Clive Nation, UK Managing Director of Travelex ATM Services said, “This is an exciting step forward for Tower Hamlets and Travelex.  We are delighted to be working with Spectrum Interactive who is one of only two payphone operators capable of providing a street kiosk service.  We look forward to providing this new service to the residents of Tower Hamlets.”      

Mark Jacobs, Spectrum Interactive, said, “This is a new development of our street payphone services, and will be a service to the local community. Both consumers and retailers will benefit from improved access to cash”. 

Enquiries

Spectrum Interactive plc                              

Daniel Gray, Head of Group Marketing

Spectrum Interactive PR Team                      

Sarah Gestetner & George Cazenove (Citigate Dewe Rogerson)

Travelex PR                                                 

Chris Hides, Talk PR

Kiosk pictures at spectruminteractive.co.uk/picture_library/atm/lib/index.htm 

Notes to editors:

 Spectrum believes that the market for chargeable ATMs is growing rapidly in the UK and Europe.  Recent data from LINK, the highly regarded ATM network operator, suggests that the market for chargeable ATMs is growing rapidly in the UK. The LINK data stated that at the end of 2004 around 40% of all ATMs in the UK were remotely located and operated on the surcharging model rather than the traditional free-to-user bank “hole in the wall”.  In addition, APACS, the UK payment services trade association, has estimated that in the 10 years to 2012 cash withdrawn from UK ATMs will grow by 30% to circa 3 billion withdrawals per annum.  It also projected that by 2012 the proportion of cash in circulation obtained from ATMs will increase from 51% to 74%. 

About Spectrum Interactive plc

Spectrum, which listed on AIM in April 2005, operates approximately 9,300 payphones and internet terminals across the UK and Germany.

·         The Company deploys new payphones in high-revenue generating locations and redeploys sites from low revenue to high revenue locations.

·         In the UK, Spectrum is in the process of rolling out 750 new street payphones following an acquisition made in 2004, and in Germany, the Company is actively growing its estate in a less competitive market.

·         Spectrum is leveraging its payphone units as a strategic asset to generate new revenue streams, including advertising, hosting microcell units for mobile operators and cash machines for ATM operators.

·         Finally, Spectrum has developed a significant and growing base of public internet access terminals, and in February 2005, acquired UK Explorer, which increased its base of UK internet terminals to 1,000 units.

For more information please visit the website: spectruminteractive.co.uk

About Travelex

Travelex is the world's largest foreign exchange specialist, with over 650 retail branches and 16,000 business customers. There are retail branches at key airport, seaport and rail locations, in addition to tourist and business centres around the world. Around 40 per cent of the world's airline passengers, more than 1.3 billion people, pass through airports at which the business operates including the major gateways at London, New York, Hong Kong, Frankfurt and Sydney.