30th Jul 2007 14:30
NETeller PLC30 July 2007 NETELLER Plc Distribution Plan implemented today Monday, 30 July 2007 - NETELLER Plc (LSE: NLR), the independent global onlinepayments business, today announced that US customers now have access to theiraccounts online to request the withdrawal of funds. As described in the Company's announcement of 4 June 2007, under theDistribution Plan agreed to with the United States Attorney's Office for theSouthern District of New York, US customers will be able to commence the processto achieve a return of their funds currently within their NETELLER e-wallets. US customers will be able to access their NETELLER accounts online until 26January 2008 and make a request for their funds. In accordance with NETELLER'sTerms of Use, no interest on account balances will be paid. NETELLER will notcharge fees to customers to process requests for funds. Funds will bedistributed either by electronic transfer to the bank account on record withNETELLER or by a cheque to be sent to a mailing address as confirmed by thecustomer. If a US customer has a bank account already registered with NETELLER,funds transfer will be by electronic transfer subject to confirmation by thecustomer that the registered bank account remains valid. US customers willreceive the entire balance of funds in their account; no requests for partialpayments will be processed. US customers cannot use their accounts for anytransaction other than to request the funds. Further information is available on the Company's customer website,www.neteller.com, in particular the US customer update FAQs which are posted atupdates.neteller.com. "We are very pleased to start the funds distribution process today. I can assureour US customers it has been our highest priority and we'd like to thank themfor their patience during this period", said Ron Martin, President and CEO. "Theimplementation of this plan marks another major step forward in the Company'srecovery strategy". Enquiries: Andrew Gilchrist + 44 (0) 1624 698 713VP Communications, NETELLER Plc Daniel Stewart & Co Plc + 44 (0) 207 776 6550Paul Shackleton Citigate Dewe Rogerson + 44 (0) 207 638 9571Sarah Gestetner / George Cazenove Notes to Editors About the NETELLER Group Trusted by millions of customers in over 160 countries to move and managebillions of dollars each year, the NETELLER Group operates the world's leadingindependent online payments business. The Group specialises in providinginnovative and instant payment services where money transfer is difficult orrisky due to identity, trust, currency exchange or distance. Being independenthas allowed the Group to support thousands of retailers and merchants in manygeographies 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 and regulated by theFinancial Services Authority (FSA) to operate as a regulated e-money issuer. Formore information about the Group visit www.netellergroup.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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