NETBANX contract win

 

TIDMNEO 
 
 
Neovia Financial PLC 
13 October 2009 
 
? 
KILO TO GO processes online payments with NEOVIA Payment Suite 
 
 
Single reporting and reconciliation tool for multiple payment mechanisms adds 
value 
 
 
 
 
Tuesday 13th October 2009 - NEOVIA Financial Plc (LSE: NEO), the independent 
global online payments business, announces it has been selected by KILO TO GO, 
the UK's largest cyclosportive organiser, to securely process online payments 
with its NETBANX payments gateway. 
 
 
KILO TO GO previously used a different online payment system, but wanted to add 
more payment mechanisms when the company re-developed its website. NETBANX 
provided an efficient, easy-to-manage solution that also cut the cost per 
transaction. 
 
 
"We wanted to add additional payment mechanisms, and NETBANX allowed us to do 
all this on one pay page, with a single reporting and reconciliation tool," said 
Simon Thomson, commercial director at KILO TO GO.  "We looked at various online 
payment systems, but chose NETBANX because it allowed us to get access to our 
funds more quickly than alternative solutions, and was also substantially 
cheaper in cost per transaction." 
 
 
Dan Starr, Executive Vice President of Sales, Marketing & Products at NEOVIA 
Financial, said: "The NETBANX gateway provides a full range of easy-to-use tools 
that allow merchants to manage and reconcile the payments they receive - 
enabling companies to focus on their main business without unnecessary and 
time-consuming payment administration." 
 
 
KILO TO GO organises a range of cyclosportives across the UK. Cyclosportives are 
long distance (typically 60 and 100 miles), mass participation leisure cycle 
rides where the organiser has surveyed, risk assessed and signed the route. KILO 
TO GO also provides up to three different route distance options, uses 
transponder timing, provides support vehicles and motocycle outriders, and 
places feed stations around the route to provide isotonic drink and food. This 
means that cyclists of all levels can come along to enjoy the camaraderie and 
challenge.KILO TO GO also works with other organisations looking to create their 
own cycling events, including a recent high visibility world record attempt. 
 
 
The NETBANX payment gateway is part of the NEOVIA Payment Suite, which also 
features the NETELLER e-wallet and Net+(TM) 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 as well as allowing merchants 
to increase customer lifetime value. Net+ cards allow merchants to extend 
customer loyalty and lifetimes. As well as cards, the NEOVIA Payment Suite 
supports online payments direct from consumers' online bank accounts. 
 
 
For more information on KILO TO GO see www.kilotogo.com. 
 
 
# # # 
 
 
For further information contact: 
 
 
NEOVIA Financial Plc 
Andrew Gilchrist, VP Communications + 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 merchants in over 160 countries to move and manage 
billions of dollars each year, NEOVIA Financial Plc (formerly NETELLER Plc) 
operates the world's leading independent online payments business. Through the 
NEOVIA Payment Suite(TM), featuring NETELLER , NETBANX , Net+(TM) and 1-PAY(TM) 
brands, NEOVIA Financial specialises 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 company to 
support thousands of retailers and merchants in many geographies and across 
multiple industries. 
 
 
NEOVIA Financial Plc quoted on the London Stock Exchange's AIM market, 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 www.neovia.com. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 NRAMJBJTMMMBBIL