NETELLER PARTNERS WITH CARDSAVE

5 September 2008

Deal will see Isle of Man online processor linked to 28 000 European businesses


Isle of Man based Neteller plc has clinched its second major partnership deal in as many weeks, announcing that it has signed a contract to provide online payment services through its payment suite of products for Cardsave, one of the UK’s leading providers of financial and business services for independent retailers, which boasts over 28 000 member companies.

Neteller's payment suite features the Netbanx international payments gateway, the Neteller e-wallet and recently contracted 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, and Net+ cards allow merchants to extend customer loyalty and lifetimes.

Payment via the hosted payment suite is quick and easy and allows merchants of any size to take payments online via credit and debit cards or direct debit.

The service also accommodates non-card payment types specific to particular countries, such as the giropay system used in Germany or iDEAL service in the Netherlands. This means that even the smallest UK business can now open its doors to world-wide markets.

Clive Kahn, CEO of Cardsave, said “Through this relationship with the Neteller Group, Cardsave has again shown its commitment to bringing leading and innovative products to our members. The Neteller payment suite is the best solution to remove the barriers for UK companies to compete with other retailers online - both inside and outside the UK.”

Ron Martin, President and Chief Executive Officer of Neteller, said: “Our services help drive merchant success through innovation, simplicity and value. The Cardsave agreement means that the Neteller Group has significantly extended its distribution and business opportunity for the Netbanx gateway, Neteller e-wallet and our other services.”

Cardsave is one of the largest independent providers of credit and debit card processing facilities to small and medium sized businesses in the UK. Representing over 28 000 members with hundreds more joining every month Cardsave offer a full service, with the latest credit card machines and preferential rates that save members money on accepting credit and debit cards.

Neteller plc is to offer customers a new Net+ prepaid card service in October this year following an agreement with the Conister Financial Group plc subsidiary, TransSend Payment Services (see previous InfoPowa report).

The partnership will make available to Neteller users the Net+ MasterCard Prepaid Card facility. Neteller will soon offer its e-wallet users the Net+ card, which the company claims will provide increased value, security, privacy and convenience.

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