NEOVIA renews npower contract
04 November 2009 - 6:00PM
RNS Non-Regulatory
TIDMNEO
Neovia Financial PLC
04 November 2009
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NEOVIA Financial Plc
npower renews online card payment processing contract with NEOVIA for all 6.8
million energy customers
NEOVIA Payment Suite reduces fraud and improves customer experience
Wednesday, 4th November 2009 - NEOVIA Financial Plc (LSE: NEO), the independent
global online payments business, announces that its contract with npower has
been renewed and that it will continue to be the only provider of debit/credit
payment processing services to all of npower's 6.8 million residential and
small/medium enterprise customers paying via telephone or online.
Martin McHale, Cash Operations Manager at npower, confirmed the announcement:
"We are delighted to continue our relationship with NEOVIA, as it provides an
efficient and cost effective service and is very responsive in dealing with any
requests for system changes to meet our business needs."
McHale continued: "Working with NEOVIA and its partner Opex Hosting with the
enhanced new payment platform has also improved management reporting for npower,
and given us extra functionality to manage fraud by blocking accounts and
preventing the use of stolen cards."
npower is an integrated energy business, generating electricity and
supplying gas, electricity and related services to residential and business
customers across the UK. It uses the NEOVIA Payment Suite, which features the
NETBANX international payments gateway 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.
Dan Starr, Executive Vice President of Sales, Marketing and Products at NEOVIA,
said: "We are delighted that npower has renewed its contract with us and all
its 6.8 million energy customers continue to have a secure and easy way to pay.
Over the past twelve months we have made continued improvements to the service
we provide, including an enhanced IVR platform with Opex Hosting. This has
resulted in over 40% of customers using the debit card payment option and taking
advantage of NEOVIA Payment Suite, avoiding the need to talk to a customer
service advisor."
# # #
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/
About nPower
Npower, a RWE company, is an integrated energy business, generating electricity
and supplying gas, electricity and related services to customers across the UK.
It operates and manages flexible, low-cost coal, oil and gas-fired power
stations - generating over 10.3 GW of electricity. It serves around 6.8 million
customer accounts and produce more than 10% of the electricity used in England
and Wales.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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