Major Contract Win
March 03 2010 - 2:00AM
UK Regulatory
TIDMNEO
RNS Number : 9757H
Neovia Financial PLC
03 March 2010
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| Press release | | For immediate release |
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SeeSaw.com switches on NEOVIA Payments for UK Online TV Service
Major contract win for payments and micropayments for IPTV platform
Cambridge, UK - Wednesday 3 March, 2010 - NEOVIA Financial Plc (LSE: NEO), the
leading global alternative payments business, today announced a significant deal
with SeeSaw, the new online TV service in the UK. SeeSaw plans to introduce
payment methods for premium content in the coming months which will be provided
by NEOVIA.
SeeSaw launched in the UK on 17 February 2010 providing TV fans with a free,
high quality archive and catch-up TV service. Later this year SeeSaw will
announce its pay launch which aims to have an additional 2,000 hours of premium
content.
The deal with SeeSaw will mean NEOVIA will process all payments made on
SeeSaw.com via its NETBANX international payment gateway. Payment options will
include credit and debit cards and the NETELLER e-wallet. The phased
implementation will include rolled-up payments, subscription billing, Direct
Debit and streaming micropayments via the NETELLER e-wallet.
John Keeling, Platform Controller at SeeSaw, said: "Online TV is extremely
popular in the UK, over 90 million TV viewers used BBC iPlayer in December
alone. In 2010 we will see even more interest from TV fans wanting to watch TV
online. SeeSaw will introduce premium content to the site in the second quarter
of 2010. This will be an important landmark for SeeSaw, it will be imperative
that our customers experience a seamless and consistent service. We are pleased
to be working with the NEOVIA team as they have a proven and flexible payment
network with technology that suits our business model."
Dan Starr, Executive Vice President at NEOVIA, said: "We are very excited by
this significant win. Our expertise in online payments, coupled with unique
streaming micropayments technology for content purchases, make this a great fit
for both companies. We welcome SeeSaw to our expanding portfolio of
entertainment and leisure customers."
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.
Key reasons why SeeSaw chose NEOVIA are its proven and flexible payments and
billing platform, and its multiple physical data centres that provide improved
resilience 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 if one of the other sites
goes down though a downstream supplier problem or major disaster.
# # #
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 operates the world's leading
alternative online payments network. 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 is 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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