NEOVIA announces significant new merchant
September 23 2010 - 1:00AM
UK Regulatory
TIDMNEO
RNS Number : 1569T
Neovia Financial PLC
23 September 2010
Shop Direct Group Chooses NEOVIA to process all its Online Payments
Thursday, 23 September 2010 - NEOVIA Financial Plc (LSE: NEO), the leading
alternative payments business, announces that its Payment Network(TM) is now
processing all payments online, and by telephone, for Shop Direct Group, the
UK's leading online and home shopping retailer, which has over 5 million active
customers.
NEOVIA was selected to process all payments for Shop Direct Group's brands via
online and telephone (MOTO and IVR) sales channels in the UK, Ireland and
continental Europe. Shop Direct Group has annual sales of around GBP1.7 billion,
via their market-leading brands, including Littlewoods, Woolworths.co.uk,
VERY.co.uk, Additions, Marshall Ward, Empire Stores, Choice, Great Universal and
Kays. Shop Direct Group's online sales now represent circa 70% of all units
sold. Since going live NEOVIA has seen an increase of 29 million transactions
(on an annualised basis) being processed through its NETBANX gateway from Shop
Direct Group.
As well as taking over the issue of compliance, NEOVIA will provide new payment
types to Shop Direct Group's customers, including PayPal , NETELLER, Giropay and
iDEAL.
Dan Starr, Chief Marketing Officer for NEOVIA said: "We are pleased and excited
that Shop Direct has chosen NEOVIA for both its traditional card and alternative
payments. This is another large-scale client win for NEOVIA."
Shop Direct Group is processing payments via the NETBANX payments service, which
is part of the NEOVIA Payment Network(TM). The Network 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
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 merchant 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 http://www.neovia.com or
subscribe at http://www.neovia.com/feeds/.
About Shop Direct Group
· Shop Direct Group is the UK's largest online and home shopping retailer
with sales of circa GBP1.7 billion
· The Group has 5 million active customers across the business
· Shop Direct employs around 9,000 people
· Brands include Littlewoods, VERY.co.uk, Woolworths.co.uk, Littlewoods
Ireland, Littlewoods Europe, Additions, Great Universal, Choice, Kays, Empire
Stores and Marshall Ward
· We are the largest full price branded clothing and footwear retailer in
the UK
· We are the 2nd largest online clothing retailer in the UK
· We are the 4th largest furniture retailer in the UK
· We are the 4th largest sportswear retailer in the UK
· We are the 5th largest electrical retailer in the UK
· Shop online at www.littlewoods.com, www.very.co.uk or
www.woolworths.co.uk
· Shop Direct Group Financial Services offers customers a wide range of
credit, insurance and warranty products
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCUUAKRRSAKUAR
Neo Energy Metals (LSE:NEO)
Historical Stock Chart
From Jun 2024 to Jul 2024
Neo Energy Metals (LSE:NEO)
Historical Stock Chart
From Jul 2023 to Jul 2024