NEOVIA announces significant new merchant

 

TIDMNEO 
 
RNS Number : 1569T 
Neovia Financial PLC 
23 September 2010 
 

      Shop Direct Group Chooses NEOVIA to process all its Online Payments 
 
 
Thursday, 23 September 2010 - NEOVIA Financial Plc (LSE: NEO), the leading 
alternative payments business, announces that its Payment Network(TM) is now 
processing all payments online, and by telephone, for Shop Direct Group, the 
UK's leading online and home shopping retailer, which has over 5 million active 
customers. 
 
 
NEOVIA was selected to process all payments for Shop Direct Group's brands via 
online and telephone (MOTO and IVR) sales channels in the UK, Ireland and 
continental Europe. Shop Direct Group has annual sales of around GBP1.7 billion, 
via their market-leading brands, including Littlewoods, Woolworths.co.uk, 
VERY.co.uk, Additions, Marshall Ward, Empire Stores, Choice, Great Universal and 
Kays. Shop Direct Group's online sales now represent circa 70% of all units 
sold. Since going live NEOVIA has seen an increase of 29 million transactions 
(on an annualised basis) being processed through its NETBANX gateway from Shop 
Direct Group. 
 
 
As well as taking over the issue of compliance, NEOVIA will provide new payment 
types to Shop Direct Group's customers, including PayPal , NETELLER, Giropay and 
iDEAL. 
 
 
Dan Starr, Chief Marketing Officer for NEOVIA said: "We are pleased and excited 
that Shop Direct has chosen NEOVIA for both its traditional card and alternative 
payments. This is another large-scale client win for NEOVIA." 
 
Shop Direct Group is processing payments via the NETBANX payments service, which 
is part of the NEOVIA Payment Network(TM). The Network simplifies payments for 
businesses improving customer experience, margins and lifetime value. It 
includes the international NETBANX  payments processing service for merchants, 
and member and card services through the NETELLER  payment account. NETBANX 
allows merchants to accept and settle card and non-card payments through 
multiple channels including online, contact centres, mail order and via 
automated phone systems. Via NETELLER merchants can offer their loyal customers 
a branded payment account that allows instant and direct settlement that avoids 
the complexities and costs of traditional card schemes; the embedded 
multi-award-wining Net+  card allows consumers to spend at over 30 million 
MasterCard  locations worldwide. 
# # # 
 
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 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 the NEOVIA Payment Network, 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/. 
 
 
About Shop Direct Group 
 
·     Shop Direct Group is the UK's largest online and home shopping retailer 
with sales of circa GBP1.7 billion 
·     The Group has 5 million active customers across the business 
·     Shop Direct employs around 9,000 people 
·     Brands include Littlewoods, VERY.co.uk, Woolworths.co.uk, Littlewoods 
Ireland, Littlewoods Europe,  Additions, Great Universal, Choice, Kays, Empire 
Stores and Marshall Ward 
·     We are the largest full price branded clothing and footwear retailer in 
the UK 
·     We are the 2nd largest online clothing retailer in the UK 
·     We are the 4th  largest furniture retailer in the UK 
·     We are the 4th largest sportswear retailer in the UK 
·     We are the 5th largest electrical retailer in the UK 
·     Shop online at www.littlewoods.com, www.very.co.uk or 
www.woolworths.co.uk 
·     Shop Direct Group Financial Services offers customers a wide range of 
credit, insurance and warranty products 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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