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NETELLER Expands European Offering Across Payment
Suite
NETELLER Group (LSE: NLR), the independent global online payments
business, today announced that it has released a raft of new services
and improved functionality for its Payment Suite that directly support
the Group’s online merchants’ Europe-wide business growth.
The NETELLER Payment Suite features the NETBANX international payments
gateway, the NETELLER e-wallet and Net+™ 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.
These significant European enhancements to the NETELLER e-wallet
include:
• Open to more countries: The NETELLER e-wallet, already
widely accepted across the vast majority of the EEA countries, now
accepts - and is authorised and regulated by the FSA for - new members
from Estonia, Hungary, Latvia, Lithuania, Slovakia, Slovenia. NETELLER
e-wallet will also be available shortly to customers in Bulgaria
and Romania.
• Convenience of more European deposit methods: The new version
drives increased funding conversions by now allowing consumers to
top-up their NETELLER e-wallet via Carte Bleue, Carta Si, DirectPay24,
Ukash and the POLi/UK consumer Internet bank payment service, as
well as all the existing card and non-card methods.
• Expanded EU currency support: With the recent launch of
new currencies for Hungary and Poland consumers can now reduce their
foreign-exchange costs by opening e-wallet accounts in EUR, SEK,
GBP, NOK, HUF, PLN, and DKK European currencies as well as other
non-European currencies.
Earlier in the year other European capabilities were added to the
NETELLER e-wallet. In April the Group added iDEAL for the Netherlands.
The iDEAL payment standard is similar to Giropay in Germany or Switch
in the UK. Figures confirm that local deposit volumes have doubled
since April, and iDEAL now accounts for over 90% of all funds added
to consumers’ e-wallets in the Netherlands.
Since Danish Krone (DKK) and Norwegian Krone (NOK) were added between
60% and 70% of new consumers in these countries are opening their
new NETELLER e-wallet accounts in their local currency rather than
in Euros or US Dollars.
During the second quarter of 2008 the Group added significant new
European enhancements to its NETBANX international payments gateway,
including additional currency support for all European currencies,
Dynamic Currency Conversion and all the Carte Bleue, Carta Si, DirectPay24,
Ukash and POLi/UK payment methods now accepted by the NETELLER e-wallet.
Also in the last six months the NETELLER Group has expanded its
regional sales, distribution and business development functions
based in the UK, Sweden and Germany to support its expanding local
business. These teams have driven payment, distribution and localisation
initiatives across Europe. The Group’s NETELLER e-wallet authorisation
and regulation is passported across Europe by the UK’s Financial
Services Authority (FSA).
“I am very pleased with our continued and rapid expansion
of services to our customers in line with the Group’s strategy,”
said David Gagie, President of NETELLER’s Member Services
Division. “With these latest changes we believe we have the
best solution for both merchants and consumers across Europe.”
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