NEOVIA - Further NETBANX IPTV contract win
20 September 2010 - 4:00PM
RNS Non-Regulatory
TIDMNEO
Neovia Financial PLC
20 September 2010
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| Press release | | For immediate release |
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NEOVIA Financial Plc
NEOVIA to process all payments for FilmFlex, the UK's no. 1 online
video-on-demand service
Further strengthens NEOVIA's presence in growing IPTV market
Monday, 20 September 2010 - NEOVIA Financial Plc (LSE: NEO), the leading
alternative payments business, announces that FilmFlex is to use the NEOVIA
Payment Network to process all online payments for its recently launched
broadband video-on-demand service
This win builds on NEOVIA's recent contract win announcements with other IPTV
providers SeeSaw and Perform. FilmFlex, a joint venture between Sony and Disney,
is billed as the UK's leading 'on demand' online film service. Virgin Media is
the first client to be announced.
FilmFlex is using the NETBANX gateway, part of the NEOVIA Payment Network, to
process all payments for its new packaged streaming service.
"We chose NEOVIA as our business partner because they understood our business
model," said Andrew Keyte, CEO for FilmFlex. "They gave us the flexibility to
add alternative payments as we needed them. Having NEOVIA processing our
payments securely, at competitive rates, helps us maximise our offering to our
clients now - and as the video-on-demand market grows in the future."
"Alternative payment options are exactly the right tool for this market" said
Dan Starr, Chief Marketing Officer for NEOVIA. "Following our contract wins with
SeeSaw and Perform, this win further demonstrates that the NEOVIA Payment
Network is the best choice for secure, flexible online payment processing in the
micro-content and streaming media market."
The NEOVIA Payment Network(TM) simplifies payments for businesses improving
customer experience, margins and lifetime value. It includes the international
NETBANX payments processing service for merchants, and member and card services
through the NETELLER payment account. NETBANX allows merchants to accept and
settle card and non-card payments through multiple channels including online,
contact centres, mail order and via automated phone systems. Via NETELLER
merchants can offer their loyal customers a branded payment account that allows
instant and direct settlement that avoids the complexities and costs of
traditional card schemes; the embedded multi-award-wining Net+ card allows
consumers to spend at over 30 million MasterCard locations worldwide.
# # #
For further information contact:
NEOVIA Financial Plc
Andrew Gilchrist, VP Communications Tel: + 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
Greig Hilton, Financial & Operations Director, FilmFlex Tel: +44 (0) 20 7131
6772
Email: greig.hilton@filmflexmovies.com
About NEOVIA Financial
Trusted by consumers and businesses in over 170 countries to move and manage
billions of dollars each year, NEOVIA Financial Plc is a leading alternative
payments business. Through the NEOVIA Payment Network, merchants use the NETBANX
processing service to simplify how they accept and settle card,
direct-from-bank, and cash payments, and the NETELLER payment account to
increase margins, capture new customers and increase customer lifetime values.
Being independent has allowed the company to support tens-of-thousands of
retailers and merchants in many geographies and across multiple industries.
NEOVIA Financial Plc is quoted on the London Stock Exchange's AIM, 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 subscribe at
www.neovia.com/feeds/.
About FilmFlex
FilmFlex is the UK's leading on-demand movie service provider having managed the
VOD movie service on Virgin Media since 2005, with over 60,000,000 buys to date.
FilmFlex is a joint venture between Sony Pictures Television (a Sony Pictures
Entertainment company) and The Walt Disney Company EMEA, and has content deals
with over 30 movie suppliers including all the Hollywood Studios.
FilmFlex has developed and built an online VOD platform after two years of
research and development and is partnering with a number of leading technology
companies. Virgin Media is the first client to be announced.
http://www.filmflexmovies.co.uk/
This information is provided by RNS
The company news service from the London Stock Exchange
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