Agreement with ParentMail+Pay to use NETBANX (2053B)

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RNS Number : 2053B

Neovia Financial PLC

15 February 2011

 
 Press Release   For immediate release 
 

Distribution agreement sees NETBANX embedded in ParentMail +Pay school payments system

NEOVIA gives parents safe and easy online payments

Tuesday, 15th February 2011 - NEOVIA Financial Plc (LSE: NEO), the leading alternative payments business, announces it has signed up UK's ParentMail +Pay for its NETBANX(R) internet payment gateway, to support the launch of ParentMail's +Pay service. This new service helps schools manage and collect payments online from parents and carers, such as dinner money, school trips and uniforms.

Over 4,250 schools across the UK use ParentMail's web-based email and text messaging service to communication with parents. ParentMail distributes on average two million messages a week to over 2.7 million registered parents. Since launching in October over 600 schools have already signed up to the new online +Pay service.

Integrated into ParentMail, the additional +Pay service will use NETBANX to process payments from parents. This means that schools can now inform and remind parents via email or text about required payments, and parents can then log into their existing ParentMail account and directly settle bills online using +Pay.

Martin Temple, Director at ParentMail +Pay, said: "Our offering is now the UK's only fully integrated communication and payment service between schools and parents. We chose to work with NEOVIA because of the reassurance of its high profile customer list including names such as npower, Shop Direct and Companies House. We also wanted to offer payment options including debit and credit cards, PayPal and for a later date, cash-load options, all of which NEOVIA supports."

Existing ParentMail customer Bourne Grammar School of Lincolnshire is already using the +Pay service. Anne Fuller, Administrator said: "We have +Pay up and running and if all our parents were paying this way, it would save valuable admin time. We are happy with the reporting; it allows us to see exactly who has paid for which activity, who is outstanding, and by how much. It will save us hours of chasing parents for payments. As time goes on we expect to see more benefits from using +Pay."

Dan Starr, Executive Vice President and Chief Marketing Officer for NEOVIA said: "We're delighted that ParentMail chose us to manage the payment processing of its +Pay service. We've created a seamless customer experience for them and their customers. Our reputation for providing simple, secure and flexible payment options helped to secure this win."

NEOVIA products and services simplify payments for businesses improving customer experience, margins and lifetime value. NETBANX allows merchants to accept and settle card and non-card payments through multiple channels including online, contact centres, mail order and automated phone systems.

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For further information contact:

NEOVIA Financial Plc

Andrew Gilchrist, VP Communications Tel: + 44 (0) 1624 698 713

Email: [e-mail]

Twitter: https://twitter.com/neovia

Media Relations

Nick Daines / Sheelagh Connelly, Lumen PR Tel: [phone]

Email: [e-mail]

About ParentMail +Pay

ParentMail was formed in 2001 and was the UK's first school-to-home communication service. It provides schools and parents a simple, reliable and cost-effective communication system, using email and text messaging. It supports over 4,000 schools and 2.7 million parents regularly use it. For more information visit www.parentmail.co.uk.

About NEOVIA Financial

Trusted by consumers and businesses in over 170 countries to move and manage billions of dollars each year, NEOVIA Financial Plc is a leading alternative payments business. Through its product suite, merchants use the NETBANX processing merchant service to simplify how they accept and settle card, direct-from-bank, and cash payments, and the NETELLER payment account to increase margins, capture new customers and increase customer lifetime values. Being independent has allowed the company to support tens-of-thousands of retailers and merchants in many geographies and across multiple industries.

NEOVIA Financial Plc is quoted on the London Stock Exchange's AIM, with a ticker symbol of NEO. Subsidiary company NETELLER (UK) Ltd is authorised by the Financial Services Authority (FSA) to operate as a regulated e-money issuer.

For more information about NEOVIA Financial visit http://www.neovia.com or subscribe at http://www.neovia.com/feeds/

This information is provided by RNS

The company news service from the London Stock Exchange

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