NETBANX contract win
14 October 2009 - 12:06AM
RNS Non-Regulatory
TIDMNEO
Neovia Financial PLC
13 October 2009
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KILO TO GO processes online payments with NEOVIA Payment Suite
Single reporting and reconciliation tool for multiple payment mechanisms adds
value
Tuesday 13th October 2009 - NEOVIA Financial Plc (LSE: NEO), the independent
global online payments business, announces it has been selected by KILO TO GO,
the UK's largest cyclosportive organiser, to securely process online payments
with its NETBANX payments gateway.
KILO TO GO previously used a different online payment system, but wanted to add
more payment mechanisms when the company re-developed its website. NETBANX
provided an efficient, easy-to-manage solution that also cut the cost per
transaction.
"We wanted to add additional payment mechanisms, and NETBANX allowed us to do
all this on one pay page, with a single reporting and reconciliation tool," said
Simon Thomson, commercial director at KILO TO GO. "We looked at various online
payment systems, but chose NETBANX because it allowed us to get access to our
funds more quickly than alternative solutions, and was also substantially
cheaper in cost per transaction."
Dan Starr, Executive Vice President of Sales, Marketing & Products at NEOVIA
Financial, said: "The NETBANX gateway provides a full range of easy-to-use tools
that allow merchants to manage and reconcile the payments they receive -
enabling companies to focus on their main business without unnecessary and
time-consuming payment administration."
KILO TO GO organises a range of cyclosportives across the UK. Cyclosportives are
long distance (typically 60 and 100 miles), mass participation leisure cycle
rides where the organiser has surveyed, risk assessed and signed the route. KILO
TO GO also provides up to three different route distance options, uses
transponder timing, provides support vehicles and motocycle outriders, and
places feed stations around the route to provide isotonic drink and food. This
means that cyclists of all levels can come along to enjoy the camaraderie and
challenge.KILO TO GO also works with other organisations looking to create their
own cycling events, including a recent high visibility world record attempt.
The NETBANX payment gateway is part of the NEOVIA Payment Suite, which also
features the NETELLER e-wallet and Net+(TM) cards. NETBANX allows merchants to
accept card and non-card payments through multiple channels including online,
contact centres, mail order and via automated phone systems. The NETELLER
e-wallet allows consumers to spend securely online as well as allowing merchants
to increase customer lifetime value. Net+ cards allow merchants to extend
customer loyalty and lifetimes. As well as cards, the NEOVIA Payment Suite
supports online payments direct from consumers' online bank accounts.
For more information on KILO TO GO see www.kilotogo.com.
# # #
For further information contact:
NEOVIA Financial Plc
Andrew Gilchrist, VP Communications + 44 (0) 1624 698 713
Email:investorrelations@neovia.com
Twitter: https://twitter.com/neovia
Media Relations
Nick Daines / Sheelagh Connelly, Lumen PR
Tel: +44 (0) 20 7617 7019
Email: neovia@lumenpr.com
About NEOVIA Financial
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 the
NEOVIA Payment Suite(TM), featuring NETELLER , NETBANX , Net+(TM) and 1-PAY(TM)
brands, NEOVIA Financial 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 the company to
support thousands of retailers and merchants in many geographies and across
multiple industries.
NEOVIA Financial Plc quoted on the London Stock Exchange's AIM market, with a
ticker symbol of NEO. Subsidiary company NETELLER (UK) Ltd 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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