Agreement with ParentMail+Pay to use NETBANX (2053B)
February 15 2011 - 1:00AM
UK Regulatory
TIDMNEO
RNS Number : 2053B
Neovia Financial PLC
15 February 2011
Press Release For immediate release
Distribution agreement sees NETBANX embedded in ParentMail +Pay
school payments system
NEOVIA gives parents safe and easy online payments
Tuesday, 15th February 2011 - NEOVIA Financial Plc (LSE: NEO),
the leading alternative payments business, announces it has signed
up UK's ParentMail +Pay for its NETBANX(R) internet payment
gateway, to support the launch of ParentMail's +Pay service. This
new service helps schools manage and collect payments online from
parents and carers, such as dinner money, school trips and
uniforms.
Over 4,250 schools across the UK use ParentMail's web-based
email and text messaging service to communication with parents.
ParentMail distributes on average two million messages a week to
over 2.7 million registered parents. Since launching in October
over 600 schools have already signed up to the new online +Pay
service.
Integrated into ParentMail, the additional +Pay service will use
NETBANX to process payments from parents. This means that schools
can now inform and remind parents via email or text about required
payments, and parents can then log into their existing ParentMail
account and directly settle bills online using +Pay.
Martin Temple, Director at ParentMail +Pay, said: "Our offering
is now the UK's only fully integrated communication and payment
service between schools and parents. We chose to work with NEOVIA
because of the reassurance of its high profile customer list
including names such as npower, Shop Direct and Companies House. We
also wanted to offer payment options including debit and credit
cards, PayPal and for a later date, cash-load options, all of which
NEOVIA supports."
Existing ParentMail customer Bourne Grammar School of
Lincolnshire is already using the +Pay service. Anne Fuller,
Administrator said: "We have +Pay up and running and if all our
parents were paying this way, it would save valuable admin time. We
are happy with the reporting; it allows us to see exactly who has
paid for which activity, who is outstanding, and by how much. It
will save us hours of chasing parents for payments. As time goes on
we expect to see more benefits from using +Pay."
Dan Starr, Executive Vice President and Chief Marketing Officer
for NEOVIA said: "We're delighted that ParentMail chose us to
manage the payment processing of its +Pay service. We've created a
seamless customer experience for them and their customers. Our
reputation for providing simple, secure and flexible payment
options helped to secure this win."
NEOVIA products and services simplify payments for businesses
improving customer experience, margins and lifetime value. NETBANX
allows merchants to accept and settle card and non-card payments
through multiple channels including online, contact centres, mail
order and automated phone systems.
# # #
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 ParentMail +Pay
ParentMail was formed in 2001 and was the UK's first
school-to-home communication service. It provides schools and
parents a simple, reliable and cost-effective communication system,
using email and text messaging. It supports over 4,000 schools and
2.7 million parents regularly use it. For more information visit
www.parentmail.co.uk.
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 its product
suite, 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/
This information is provided by RNS
The company news service from the London Stock Exchange
END
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