20th Sep 2010 07:00
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Press release |
For immediate release |
NEOVIA Financial Plc
NEOVIA to process all payments for FilmFlex, the UK's no. 1 online video-on-demand service
Further strengthens NEOVIA's presence in growing IPTV market
Monday, 20 September 2010 - NEOVIA Financial Plc (LSE: NEO), the leading alternative payments business, announces that FilmFlex is to use the NEOVIA Payment Network to process all online payments for its recently launched broadband video-on-demand service
This win builds on NEOVIA's recent contract win announcements with other IPTV providers SeeSaw and Perform. FilmFlex, a joint venture between Sony and Disney, is billed as the UK's leading 'on demand' online film service. Virgin Media is the first client to be announced.
FilmFlex is using the NETBANX gateway, part of the NEOVIA Payment Network, to process all payments for its new packaged streaming service.
"We chose NEOVIA as our business partner because they understood our business model," said Andrew Keyte, CEO for FilmFlex. "They gave us the flexibility to add alternative payments as we needed them. Having NEOVIA processing our payments securely, at competitive rates, helps us maximise our offering to our clients now - and as the video-on-demand market grows in the future."
"Alternative payment options are exactly the right tool for this market" said Dan Starr, Chief Marketing Officer for NEOVIA. "Following our contract wins with SeeSaw and Perform, this win further demonstrates that the NEOVIA Payment Network is the best choice for secure, flexible online payment processing in the micro-content and streaming media market."
The NEOVIA Payment 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.
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For further information contact:
NEOVIA Financial Plc
Andrew Gilchrist, VP Communications Tel: + 44 (0) 1624 698 713
Email: [email protected]
Twitter: https://twitter.com/neovia
Media Relations
Nick Daines / Sheelagh Connelly, Lumen PR Tel: +44 (0) 20 7617 7019
Email: [email protected]
Greig Hilton, Financial & Operations Director, FilmFlex Tel: +44 (0) 20 7131 6772
Email: [email protected]
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 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 www.neovia.com or subscribe at www.neovia.com/feeds/.
About FilmFlex
FilmFlex is the UK's leading on-demand movie service provider having managed the VOD movie service on Virgin Media since 2005, with over 60,000,000 buys to date.
FilmFlex is a joint venture between Sony Pictures Television (a Sony Pictures Entertainment company) and The Walt Disney Company EMEA, and has content deals with over 30 movie suppliers including all the Hollywood Studios.
FilmFlex has developed and built an online VOD platform after two years of research and development and is partnering with a number of leading technology companies. Virgin Media is the first client to be announced. http://www.filmflexmovies.co.uk/
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