Neovia wins award
13 February 2009 - 9:15PM
RNS Non-Regulatory
TIDMNEO
Neovia Financial PLC
13 February 2009
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Press release
NEOVIA's Net+ cards win place in Finextra Innovation Showcase
Recognised for integration with e-wallet
Friday, 13 February 2009 - NEOVIA Financial Plc (LSE: NEO), the independent
global online payments business, has been selected by financial technology
newswire Finextra to appear in its Innovation Showcase. This highlights the most
innovative technologies, products and projects in financial services over the
last year.
NEOVIA was selected for its Net+ prepaid cards. The Net+ card is a prepaid
MasterCard that is available as both a virtual card for secure online
transactions, and as a physical card that can be used in ATMs and at retail
point of sale. The Net+ cards use the NETELLER e-wallet as their loading account
and provide a convenient mechanism to withdraw money from the e-wallet. This is
the first time an e-wallet has been used as a loading mechanism for both a
virtual and physical card.
"We expect the competitive nature of online payments to spawn more
innovations in 2009, and NEOVIA's December acquisition of pre-paid card
distributor IDT Financial Services Holdings, which has a Gibraltar banking
license, should enable it to expand into other financial services," said Elton
Cane, strategy director, Finextra.
"In launching the Innovation Showcase, we sought to highlight some of the
most interesting financial technology developments over the past 12 months,"
said Cane. "What were we looking for? Newness, uniqueness and impact; clever
ways of solving a problem; and projects at the leading edge of new industry
trends."
For more information on the Innovation Showcase visit: www.finextra.com. A
review of NEOVIA's entry is at http://www.finextra.com/fullfeature.asp?id=1099.
.
# # #
Contacts:
Andrew Gilchrist
VP - Communications, NEOVIA Financial Plc
Tel: +44 (0) 1624 698713
Email: investorrelations@neovia.com
Media Relations
Nick Daines / Sheelagh Connelly, McEntegart Marketing
Tel: +44 (0) 20 7617 7019
Email: neovia@mcentegartmarketing.com
About NEOVIA Financial Plc
Trusted by consumers and merchants in over 160 countries to move and manage
billions of dollars each year, NEOVIA Financial Plc (formerly NETELLER Plc)
operates the world's leading independent online payments business. Through its
Payment Suite, featuring NETELLER , NETBANX , Net+(TM) and 1-PAY(TM) brands,
NEOVIA specialises in providing innovative and instant payment services where
money transfer is difficult or risky due to identity, trust, currency exchange,
or distance. Being independent has allowed NEOVIA to support thousands of
retailers and merchants in many geographies and across multiple industries.
Subsidiary company NETELLER (UK) Limited is authorised by the Financial Services
Authority (FSA) to operate as a regulated e-money issuer. For more information
about NEOVIA Financial visit www.neovia.com.
NEOVIA Financial Plc recently changed its corporate identify from NETELLER Plc
to better reflect the strength and breadth of its individual product brands. At
the same time its ticker symbol changed from NLR to NEO.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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