RSA chooses NEOVIA Payment Suite as standard for processing payments for MORE TH>N

PR Log (Press Release) – Oct 14, 2009 – NEOVIA Financial Plc (LSE: NEO), the independent global online payments business, today announced it has been chosen by RSA as the standard to process payments for all its brands, including its leading MORE TH>N insurance brand with two million customers.

In the initial deployment, NEOVIA will use its payment suite to process card payments online and by telephone for MORE TH>N’s consumer-facing insurance services. This includes both one-off and scheduled bill payments, and features NEOVIA’s industry leading NETBANX Unified PayPage technology which delivers PCI DSS compliance out of the box together with a highly customisable user-experience.

A key reason why RSA chose NEOVIA for MORE TH>N is its multiple physical data centres, providing improved resilience, lower risk for payment processing and high levels of business continuity. Only a few “enterprise-class” payment providers can offer multiple data centres in different geographies with failover and disaster recovery capabilities. These multiple data centres are ready configured and primed for the unlikely event of one of the other sites going down though a downstream supplier problem or major disaster.  

Mark Christer, Managing Director at MORE TH>N, said: “NEOVIA was able to offer a flexible payment system that gives us options for future development, coupled with the security of multiple data centres and thorough business continuity plans, with the stability from an enterprise-class payment solutions provider.”

Dan Starr, Executive Vice President at NEOVIA, said: “This contract win with a major insurance brand demonstrates RSA’s confidence in the NEOVIA Payment Suite to efficiently and robustly handle payments. We also expect RSA to gradually roll out the Payment Suite across multiple brands over the next few months once MORE TH>N has gone live, enabling more customers to benefit from its capabilities.”

MORE TH>N is a brand of RSA, one of the world’s largest insurance companies and a FTSE 100 company. MORE TH>N provides its customers with access via the telephone and internet to an extensive product range including home, motor, pet and travel insurance.

The NEOVIA Payment Suite features the NETBANX international payments gateway, the NETELLER e-wallet and Net+™ 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.

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™, featuring NETELLER®, NETBANX®, Net+™ and 1-PAY™ 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.