Contract win with RSA
14 October 2009 - 5:00PM
RNS Non-Regulatory
TIDMNEO
Neovia Financial PLC
14 October 2009
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RSA chooses NEOVIA Payment Suite as standard for processing payments for
MORE TH>N and other insurance brands
Secure, resilient processing platform chosen for all consumer insurance brands
Wednesday, 14th October 2009 - NEOVIA Financial Plc (LSE: NEO), the independent
global online payments business, today announced it has been chosen by RSA as
the standard to process payments for all its brands, including its leading MORE
TH>N insurance brand with two million customers.
In the initial deployment, NEOVIA will use its payment suite to process card
payments online and by telephone for MORE TH>N's consumer-facing insurance
services. This includes both one-off and scheduled bill payments, and features
NEOVIA's industry leading NETBANX Unified PayPage technology which delivers PCI
DSS compliance out of the box together with a highly customisable
user-experience.
A key reason why RSA chose NEOVIA for MORE TH>N is its multiple physical data
centres, providing improved resilience, lower risk for payment processing and
high levels of business continuity. Only a few "enterprise-class" payment
providers can offer multiple data centres in different geographies with failover
and disaster recovery capabilities. These multiple data centres are ready
configured and primed for the unlikely event of one of the other sites going
down though a downstream supplier problem or major disaster.
Mark Christer, Managing Director at MORE TH>N, said: "NEOVIA was able to offer a
flexible payment system that gives us options for future development, coupled
with the security of multiple data centres and thorough business continuity
plans, with the stability from an enterprise-class payment solutions provider."
Dan Starr, Executive Vice President at NEOVIA, said: "This contract win with a
major insurance brand demonstrates RSA's confidence in the NEOVIA Payment Suite
to efficiently and robustly handle payments. We also expect RSA to gradually
roll out the Payment Suite across multiple brands over the next few months once
MORE TH>N has gone live, enabling more customers to benefit from its
capabilities."
MORE TH>N is a brand of RSA, one of the world's largest insurance companies and
a FTSE 100 company. MORE TH>N provides its customers with access via the
telephone and internet to an extensive product range including home, motor, pet
and travel insurance.
The NEOVIA Payment Suite features the NETBANX international payments gateway,
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 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. or NEOVIA
Financial visit www.neovia.com or subscribe at http://www.neovia.com/feeds/
This information is provided by RNS
The company news service from the London Stock Exchange
END
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