13th Oct 2009 14:06
KILO TO GO processes online payments with NEOVIA Payment Suite
Single reporting and reconciliation tool for multiple payment mechanisms adds value
Tuesday 13th October 2009 - NEOVIA Financial Plc (LSE: NEO), the independent global online payments business, announces it has been selected by KILO TO GO, the UK's largest cyclosportive organiser, to securely process online payments with its NETBANX payments gateway.
KILO TO GO previously used a different online payment system, but wanted to add more payment mechanisms when the company re-developed its website. NETBANX provided an efficient, easy-to-manage solution that also cut the cost per transaction.
"We wanted to add additional payment mechanisms, and NETBANX allowed us to do all this on one pay page, with a single reporting and reconciliation tool," said Simon Thomson, commercial director at KILO TO GO. "We looked at various online payment systems, but chose NETBANX because it allowed us to get access to our funds more quickly than alternative solutions, and was also substantially cheaper in cost per transaction."
Dan Starr, Executive Vice President of Sales, Marketing & Products at NEOVIA Financial, said: "The NETBANX gateway provides a full range of easy-to-use tools that allow merchants to manage and reconcile the payments they receive - enabling companies to focus on their main business without unnecessary and time-consuming payment administration."
KILO TO GO organises a range of cyclosportives across the UK. Cyclosportives are long distance (typically 60 and 100 miles), mass participation leisure cycle rides where the organiser has surveyed, risk assessed and signed the route. KILO TO GO also provides up to three different route distance options, uses transponder timing, provides support vehicles and motocycle outriders, and places feed stations around the route to provide isotonic drink and food. This means that cyclists of all levels can come along to enjoy the camaraderie and challenge. KILO TO GO also works with other organisations looking to create their own cycling events, including a recent high visibility world record attempt.
The NETBANX payment gateway is part of the NEOVIA Payment Suite, which also features 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. As well as cards, the NEOVIA Payment Suite supports online payments direct from consumers' online bank accounts.
For more information on KILO TO GO see www.kilotogo.com.
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For further information contact:
NEOVIA Financial Plc
Andrew Gilchrist, VP Communications + 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]
About NEOVIA Financial
Trusted by consumers and merchants in over 160 countries to move and manage billions of dollars each year, NEOVIA Financial Plc (formerly NETELLER Plc) operates the world's leading independent online payments business. Through the NEOVIA Payment Suite™, featuring NETELLER®, NETBANX®, Net+™ and 1-PAY™ brands, NEOVIA Financial 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 company to support thousands of retailers and merchants in many geographies and across multiple industries.
NEOVIA Financial Plc quoted on the London Stock Exchange's AIM market, 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.
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