NETELLER Plc, the independent global
online payments business, has announced the first product in a new
suite of prepaid, reloadable debit and remittance cards for its
customers in Europe and Asia Pacific.
The first of these products, a new prepaid card, is tied to a customer’s
NETELLER e-wallet account, and can be used at over 24 million ATMs and
Point-of-Sale (PoS) terminals worldwide.
“The ability for our customers to access and use funds from their
e-wallets at over 24 million online and offline outlets worldwide is
very important to both them and us.” said Ron Martin, NETELLER President
and CEO. “As we continue to grow our business in Europe and Asia
Pacific, we believe this new prepaid debit program will allow us to
open up new areas of business.”
The new prepaid card replaces the existing NETELLER Card. The new card
will offer customers more flexibility and significantly lower pricing
than the previous card. Importantly the new card will be available in
multiple currencies and is tied to the customer’s e-wallet account,
saving the consumer foreign exchange fees. The Group expects the new
prepaid card to be available to customers by the end of May 2007.
The existing NETELLER Card is being withdrawn on 3 May 2007, as
previously communicated to customers and merchants, in accordance with a
notification very recently received by NETELLER from the third-party
card provider. Canadian customers can continue to use their existing
NETELLER Card but only on the Interac network and only in Canada.
About the NETELLER Group
Trusted by millions of consumers in over 160 countries to move and
manage billions of dollars each year, the NETELLER Group operates the
world’s leading independent online money transfer business. The Group
specializes 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 Group to
support thousands of retailers and merchants in many geographies and
across multiple industries.
The Group is quoted on the London Stock Exchange’s AIM market, with a
ticker symbol of NLR. NETELLER (UK) Limited is authorised by the
Financial Services Authority (FSA) to operate as a regulated e-money
issuer. For more information about the Group visit www.netellergroup.com.