News and Press Releases:


NEOVIA’s Net+ cards win place in Finextra Innovation Showcase

Recognised for integration with e-wallet

Friday, 13 February 2009  – NEOVIA Financial Plc (LSE: NEO), the independent global online payments business, has been selected by financial technology newswire Finextra to appear in its Innovation Showcase. This highlights the most innovative technologies, products and projects in financial services over the last year.

NEOVIA was selected for its Net+ prepaid cards. The Net+ card is a prepaid MasterCard® that is available as both a virtual card for secure online transactions, and as a physical card that can be used in ATMs and at retail point of sale. The Net+ cards use the NETELLER e-wallet as their loading account and provide a convenient mechanism to withdraw money from the e-wallet. This is the first time an e-wallet has been used as a loading mechanism for both a virtual and physical card.

“We expect the competitive nature of online payments to spawn more innovations in 2009, and NEOVIA's December acquisition of pre-paid card distributor IDT Financial Services Holdings, which has a Gibraltar banking license, should enable it to expand into other financial services,” said Elton Cane, strategy director, Finextra.
 
“In launching the Innovation Showcase, we sought to highlight some of the most interesting financial technology developments over the past 12 months,” said Cane. “What were we looking for? Newness, uniqueness and impact; clever ways of solving a problem; and projects at the leading edge of new industry trends.”

For more information on the Innovation Showcase visit: www.finextra.com.  A review of NEOVIA’s entry is at http://www.finextra.com/fullfeature.asp?id=1099.


About NEOVIA Financial Plc

Trusted by consumers and merchants in over 160 countries to move and manage billions of dollars each year, NEOVIA Financial Plc operates the world's leading independent online payments business. Through its Payment Suite, featuring NETELLER®, NETBANX®, Net+™ and 1-PAY™ brands, NEOVIA 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 NEOVIA to support thousands of retailers and merchants in many geographies and across multiple industries.

NEOVIA Financial Plc is quoted on the London Stock Exchange’s AIM market, with a ticker symbol of NEO. Subsidiary company NETELLER (UK) Limited 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 or subscribe at www.neovia.com/feeds/.

Media and Investor Contacts

NEOVIA's media relations can be contacted through the Media Relations Contact page. NEOVIA investor relations are managed by Citigate Dewe Rogerson. Contact them through the Investor Relations Contact page.