Neteller (LSE: NLR), the leading independent, global provider of online payments, is pleased to announce that it has signed a contract with TransSend Payment Services, a leading provider of prepaid card solutions, to provide Net+TM MasterCard Prepaid Cards to its e-wallet customers.
Through its partnership with TransSend Payment Services, NETELLER will shortly begin providing its e-wallet users with the opportunity to add Net+TM cards to their account - providing increased value, security, privacy and convenience. The Net+TM prepaid cards will be available by early October 2008 when NETELLER e-wallet consumers can sign up for two new products:
- A virtual Net+TM MasterCard card for use online. The virtual card application generates a single use, unique 16 digit card number and populates the checkout page with full payment details for the user. The Net+ virtual card offers the convenience of paying online (everywhere where MasterCard is accepted) from your computer combined with high level of security and privacy. The Net+ Virtual Card will be part of the NETELLER Desktop which, in addition, to offering convenient, secure and private payment via Net+, will also enable NETELLER e-wallet users to view the balance on their e-wallet account without the need to visit the main NETELLER site.
- A physical Net+TM MasterCard card to access funds within their e-wallet at points-of-sale or by withdrawing cash at ATMs. The card will be usable at 27.3 million locations, including 1.9 million ATMs, worldwide where MasterCard is accepted.
The integration process between NETELLER and TransSend is at an advanced stage and NETELLER anticipates the full launch of the Net+TM cards to its e-wallet users by early October 2008.
TransSend Payment Services and NETELLER have worked together to offer two great card products which have been integrated with NETELLER's existing platform to ensure seamless loading and withdrawal capabilities through the NETELLER e-wallet. These two products offer excellent value to the consumer (compared to many other prepaid card offerings) as well as a high level of convenience and security.
Ron Martin, President & Chief Executive Officer of the NETELLER Group, said: "This is another important milestone for NETELLER and demonstrates further evidence of the Group delivering on its strategy. The anticipated launch of the Net+TM prepaid cards will provide our consumers with a more effective and cost-efficient way to withdraw and utilise funds in their e-wallets. We look forward to working with TransSend to maximise our opportunities together."
Richard Jones, CEO of TransSend, said: "NETELLER's position as a leading provider of innovative payment solutions and their widespread customer base in both gaming and non-gaming markets made them an attractive partner for us. We fully expect that this partnership will generate one of the leading prepaid card programmes in the market today and are excited about the opportunities we see within NETELLER's card-based strategy for further developments."