The London School of Economics and Political Science Launch With sQuid Payments

LONDON, September 20, 2010 - sQuid, the electronic money provider, and The London School of Economics
and Political Science (LSE) today announces the launch of sQuid on the LSE
card.

sQuid have worked with leading smart card bureau Euclid to develop a
personalised multi-function smart card which incorporates ID, access control,
eMoney, Loyalty, and Library membership. Students and staff can now use the
one card to access facilities and make convenient contactless payments
throughout the campus.

The card will be available to all staff and students at LSE, who will be
able to pre-load the card with funds to spend at a number of places at the
School, including restaurants, cafes, bars and the library. LSE also boasts
its own pub, which will be accepting sQuid payments too. The card also has a
loyalty purse included, and LSE plan to introduce incentives and promotions
so students and staff can gain rewards by using their cards throughout the
campus.

sQuid will be rolled out in the coming year; new students starting at LSE
this term are already being issued with the new LSE card which includes the
sQuid technology. Existing students and most staff will get the chance to
upgrade their card by the end of the year.

sQuid provides contactless eMoney solutions for campuses and retail
locations across the UK, on an available-to-all pre-paid smart card. Paying
with sQuid is quick and simple. Card holders can top up their sQuid accounts
online with money and then pay for small value items, without the need to
carry loose change. Transactions are very fast, secure, and their sQuid
account enables users to track their transactions and manage their money
online.

Andy Farrell, Director of Finance and Facilities at LSE said, 'sQuid is
an innovative way of making everyday purchases, which should be quicker and
more convenient for the customer. We hope students and staff will find it
simple to use their LSE sQuid card to buy food, drink and other items at
LSE.'

Janine Eagling, Senior Project Manager in IT Services said: 'We chose
sQuid as our partner because the company has wide experience of running
ePayment schemes in other parts of the country, including at universities in
Dundee and Bolton. It's an exciting scheme that we think will prove popular
with both students and staff by making their lives a little easier in many
ways.'

sQuid already provides a similar service at the University of Bolton and
the University of Abertay, and has had great success in both areas. Chris
Styles, Operations Director at sQuid said, "sQuid has been providing cashless
payments solutions for campuses for a few years now, and we are excited to
expand our usage to such a prestigious university."

Reference: www.squidcard.com/lse

    Contact
    Bede Feltham, Marketing Director, sQuidcard
    squidcard.com/lse
    T: +44(0)20-8339-2111
    E pr@squidcard.com

Download a copy of this press release at www.squidcard.com/news

Contact, Bede Feltham, Marketing Director, sQuidcard, squidcard.com/lse,
T: +44(0)20-8339-2111, E pr at squidcard.com