3rd May 2007 14:21
NETeller PLC03 May 2007 NETELLER Announces New Prepaid Cards for Europe and Asia Pacific Thursday, 3 May 2007 -NETELLER Plc (LSE: NLR), the independent global onlinepayments business, today announced the first product in a new suite of prepaid,reloadable debit and remittance cards for its customers in Europe and AsiaPacific. The first of these products, a new prepaid card, is tied to a customer'sNETELLER e-wallet account, and can be used at over 24 million ATMs andPoint-of-Sale (PoS) terminals worldwide. "The ability for our customers to access and use funds from their e-wallets atover 24 million online and offline outlets worldwide is very important to boththem and us." said Ron Martin, NETELLER President and CEO. "As we continue togrow our business in Europe and Asia Pacific, we believe this new prepaid debitprogramme will allow us to open up new areas of business." The new prepaid card replaces the existing NETELLER Card. The new card willoffer customers more flexibility and significantly lower pricing than theprevious card. Importantly the new card will be available in multiple currenciesand is tied to the customer's e-wallet account, saving the consumer foreignexchange fees. The Group expects the new prepaid card to be available tocustomers by the end of May 2007. The existing NETELLER Card is being withdrawn on 3 May 2007, as previouslycommunicated to customers and merchants, in accordance with a notification veryrecently received by NETELLER from the third-party card provider. Canadiancustomers can continue to use their existing NETELLER Card but only on theInterac network and only in Canada. Additional information and pricing on the new prepaid cards may be found on the Group's website at http://web.neteller.com/content/en/about_the_neteller_card.htm. Enquiries: NETELLER Plc +44 (0) 1624 698 713Andrew Gilchrist Vice President - Communications [email protected] Citigate Dewe Rogerson + 44 (0) 207 638 9571Sarah Gestetner/Sebastian Hoyle/George Cazenove Notes to Editors The NETELLER Group Trusted by millions of consumers to transfer billions of dollars each year, theNETELLER Group operates the world's leading independent online payment business.The Group specializes in providing innovative and instant payment services wheremoney transfer is difficult or risky due to identity, trust, currency exchange,or distance. Being independent has allowed the Group to support thousands ofretailers and merchants in many geographies and across multiple industries. NETELLER Plc is quoted on the London Stock Exchange's AIM market, with a tickersymbol of NLR. NETELLER UK Limited is authorised by the Financial ServicesAuthority (FSA) to operate as a regulated e-money issuer. For more informationabout the Group visit www.neteller-group.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Paysafe Group