OREANDA-NEWS. June 03, 2015. Daily Internet (AIM: DAIP), the hosting and cloud infrastructure provider, is pleased to announce that Netplan Internet Solutions Limited ('Netplan'), its wholly owned subsidiary, has entered into a three-year contract extension with long-term customer Trustpay Global Limited ('Trustpay Global') worth approximately 400,000.

Trustpay Global, a market leader in the online and mobile payment processing industry, deploys proprietary payment gateway technology which enables e-commerce merchants to maximise conversion rates by reducing the number of transactions abandoned at checkout.

The three-year contract extension means that Trustpay Global continues to work with Netplan as their chosen partner in order to deliver their cloud based, Payment Card Industry Data Security Standards ('PCI DSS") payment solution to enable their customers such as PayPal, Neteller and Topshop to seamlessly process card payments. The Company's conservative revenue recognition policy will result in one third of the value of the contract being recognised in each year for the duration of the contract.

Billy Lewis, Chief Operating Officer, Trustpay Global Limited, said: "The Trustpay Global team is based in the UK and has over 100 man years' experience providing card payment solutions and is an authorised Electronic Money Institution regulated by the Financial Conduct Authority. We believe our solution is the most intuitive payment experience in the World.

"We chose to renew our long-term relationship with Netplan due to their industry leading PCI DSS Hosting strengths. This contract renewal effectively means Trustpay Global can help even more e-commerce merchants accept payments online, quickly, safely and securely."

Adam Binks, Chief Operating Officer, Daily Internet, added: "We already had an existing relationship with Trustpay Global through the implementation of Netplan's PCI DSS hosting solution for the past three years and I am delighted with the renewal and how such a deal further cements the solidarity and reliability of our PCI DSS Hosting strengths.".