14th Aug 2006 11:11
NETeller PLC14 August 2006 NETELLER(R) Drives European Expansion New VISA Debit Card and Security Support added 10 New Significant Merchants sign-up to service NETELLER Plc (LSE: NLR), the leading independent online money transfer business,today further expanded its European business by announcing that its coree-wallet service now supports deposits via Visa Delta and Visa Electron debitcards. Together Visa Delta and Visa Electron represent 41 % of the European debit cardmarket giving NETELLER customers greater choice than ever over how they transfermoney using their online NETELLER accounts. Supporting Visa debit cards also provides enormous benefits to NETELLERmerchants due to the fact that debit cards witness far lower processing declinerates than credit cards. As part of NETELLER's leadership position in online security, the company alsoannounces that it has implemented the 'Verified by Visa' and MasterCard'SecureCode' card protection initiative. This allows card issuers toauthenticate cardholders at any participating merchant, reducing the likelihoodof identity theft and other fraudulent usage of credit and debit cards. NETELLER recently launched dedicated localised online money transfer services inGermany, France, Spain and Italy, to complement its existing UK service. Due tohigh debit card penetration in Europe, this new support for Visa furtherenhances the company's European offering - increasing the appeal of its serviceto its merchants. NETELLER provides merchants with 24/7 telephone support forits service, including use of the Visa Delta and Visa Electron. Commenting on behalf of NETELLER, Paul Templeman, president of Europeanoperations said: "Our merchant base has been very supportive of our aggressiveEuropean expansion over the last 12 months. Our new support for Visa debit cardshas made our European offering even more compelling." NETELLER has also announced the addition of the following 10 new Europeanleisure and entertainment focused merchants: Pokershare.com; Paddy Power;Unibet; UK Betting; Nordicbet; Interwetten; PKR.com; Tropical Poker; Betworksand Full Contact Poker. These new additions bring the Group's global merchantbase to over 3,500, across such diverse industries as manufacturing, energy,retail, publishing, government, education, media, and leisure and entertainment. Enquiries: Citigate Dewe Rogerson +44 (0) 207 638 9571James Read/Ewan Robertson/Susie Lambert Notes to Editors The NETELLER Group With over 2.9 million customers in 160 countries, 3,500 merchants, and over $7billion in annual transactions, the NETELLER Group operates the largestindependent online money transfer business in the world. The Group specializesin providing innovative and instant payment services where money transfer isdifficult or risky due to identity, trust, currency exchange, or distance. Beingindependent has allowed the Group to support over three-thousand retailers andmerchants across multiple industries and geographies. The Group is one of the largest companies quoted on the London Stock Exchange'sAIM market, with a ticker symbol of NLR. NETELLER UK Limited is authorised bythe Financial Services Authority (FSA) to operate as a regulated e-money issuer(Register Number: 229737). For more information about the Group visitwww.netellerplc.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Paysafe Group