NETELLER Signs Agreement for Net+ Prepaid Cards
By Staff
NETELLER Plc has announced that it has signed a contract with TransSend Payment Services, a leading provider of prepaid card solutions, to provide Net+™ MasterCard® Prepaid Cards to its e-wallet customers.

Through the new deal with TransSend Payment Services, NETELLER will begin providing its e-wallet users with the opportunity to add Net+™ cards to their account – a move which will provide improved security, convenience and privacy for their customers. The Net+™ prepaid cards will be available by early October 2008 when NETELLER e-wallet consumers can sign up for two new products; either a virtual Net+™ MasterCard® card for use online, or a physical Net+ MasterCard card which could be used at points-of-sale or by withdrawing cash at ATMs. The card will be usable at 27.3 million locations, including 1.9 million ATMs, worldwide where MasterCard is accepted.

The integration process between NETELLER and TransSend is at an advanced stage and NETELLER anticipates the full launch of the Net+ cards to its e-wallet users by early October 2008.

Ron Martin, President & Chief Executive Officer of the NETELLER Group, said: 'This is another important milestone for NETELLER and demonstrates further evidence of the Group delivering on its strategy. The anticipated launch of the Net+ prepaid cards will provide our consumers with a more effective and cost-efficient way to withdraw and utilise funds in their e-wallets. We look forward to working with TransSend to maximise our opportunities together.'

Richard Jones, CEO of TransSend, said: 'NETELLER's position as a leading provider of innovative payment solutions and their widespread customer base in both gaming and non-gaming markets made them an attractive partner for us. We fully expect that this partnership will generate one of the leading prepaid card programmes in the market today and are excited about the opportunities we see within NETELLER’s card-based strategy for further developments.'

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