NLR Neteller

    
  NETeller PLC
  02 October 2008
   



    NETELLER Launches New Paperless Direct Debit Service to Speed up 
    e-Commerce and Reduce Admin Errors

    Time Etc chooses NETELLER Payment Suite to speed client payments


    Thursday 2nd October 2008 - The NETELLER Group (LSE: NLR), the independent global online payments business, has announced the launch of
its new paperless Direct Debit service as part of its Payment Suite. The new service enables online retailers to offer a speeded up and
simplified sign-up process to UK customers. It also decreases administrative costs and errors, and means the merchant does not need to go
through the expensive and time-consuming process of obtaining AUDDIS compliance.

    Setting up traditional Direct Debit mandates has been a lengthy and error prone process as it is reliant on the merchants posting
correct forms, the customer filling them in, the postal service and the accuracy of staff keying in data. With the simplified process, when
the customer has finished the application via telephone, Internet, keypad or interactive TV, the merchant can start invoicing and providing
the service immediately. The new service means that customers will be, on average, 'live' with Direct Debit six days earlier. Because the
service is offered as an integrated part of the NETBANX� gateway, the merchant can get paid quickly by taking a customer's first payment by
card while the customer's Paperless Direct Debit application is being processed.

    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.

    Normally, retailers who want to accept paperless Direct Debits have to achieve Automated Direct Debit Instruction Service (AUDDIS)
status, which can be expensive and time-consuming. The NETBANX service removes the need for the retailer to obtain this status, ensures
compliance to all relevant financial and legal requirements, and maintains the same level of security and customer protection as traditional
direct debits. 

    Due to tighter security measures including 3D Secure, taking repeat payments via a credit card is becoming more difficult. Already,
Maestro Card does not allow repeat or recurring billing. Using paperless Direct Debit is an alternative to merchants as they also charge on
pence-per-transaction rather than the transaction value.

    Time Etc, an organisation that provides pay-as-you-go support to business owners and entrepreneurs, is already using the new Paperless
Direct Debit service from NETELLER. Barnaby Lashbrooke, founder, said: "Our clients want a speedy service and we need to provide this. By
allowing clients to set up the payment options themselves, errors are reduced and they can start receiving our great service immediately."

    Dan Starr, Executive Vice President of the Merchant Services division of NETELLER Group, said: "Where there's commerce and the need for
funds to flow, we're there. With our new Paperless Direct Debit service, the NETBANX payment gateway gives retailers and their customers
more choice and flexibility, while improving the efficiency of online commerce."






    For further information contact:

 Andrew Gilchrist                                        + 44 (0) 1624 698 713
 VP Communications, NETELLER Plc
 Email:  investorrelations@neteller.com

 Media Relations
 Nick Daines / Sheelagh Connelly, McEntegart Marketing   +44 (0) 20 7617 7019
    




    Notes to Editors

    About Time Etc
    Started in 2007 by multi-millionaire entrepreneur Barnaby Lashbrooke, Time Etc Limited intelligently take care of the routine tasks that
business owners and entrepreneurs don't have time for, so that they can focus on what's important.  The business has grown by 400% so far in
2008 and has nearly 100 clients.  For more information visit http://www.timeetc.co.uk.


    About the NETELLER Group 
    Trusted by consumers and merchants in over 160 countries to move and manage billions of dollars each year, the NETELLER Group operates
the world's leading independent online payments business. Through its Payment Suite, featuring NETELLER�, NETBANX�, Net+* and 1-PAY* brands,
the Group 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 Group to support thousands of retailers and merchants in many
geographies and across multiple industries.

    NETELLER Plc is quoted on the London Stock Exchange's AIM market, with a ticker symbol of NLR. NETELLER (UK) Limited is authorised by
the Financial Services Authority (FSA) to operate as a regulated e-money issuer. For more information about the Group visit
www.netellergroup.com.





This information is provided by RNS
The company news service from the London Stock Exchange
 
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