Mi-Pay Group plc Announces Demise of Allen Atwell, Non-Executive Director

Mi-Pay Group plc is a United Kingdom-based company, which operates in the cardholder-not-present payment solutions market with a focus on assessing, managing and mitigating fraud risks. The principal activity of the Company is to deliver outsourced on-line and related payment solutions to digital e-commerce clients, primarily in the mobile sector, enabling them to monetize their on-line proposition. The Company operates through two segments: Transaction Services and Professional Services. The Transaction Services segment is engaged in processing of transactions on behalf of clients and is the Company's core business. The Professional Services segment is engaged in the development, delivery and hosting of the Company's platform and client solutions. The Company provides an outsourced payment services platform for mobile operators' top up and digital content services.