Press Centre

Neteller Launches Virtual Pre-paid Card

Neteller (LSE: NLR), the leading independent, global provider of online payments, is pleased to announce that it has today begun to provide Net+TM Cards to its e-wallet customers.

Neteller
October 2008

Through its partnership with TransSend Payment Services, NETELLER can now provide its e-wallet users with the opportunity to add Net+TM Cards to their accounts - providing increased value, security, privacy and convenience. As of today, existing NETELLER e-wallet consumers can sign up for these two new Net+ TM prepaid cards:

• Net+TM Virtual Prepaid Card by MasterCardR for use online. The virtual card application generates a single use, unique 16 digit card number and populates the checkout page with full payment details for the user. The Net+T virtual card offers the convenience of paying online (everywhere Net+where MasterCard is accepted) from your computer combined with high level of security and privacy. The Net+ Virtual Card will be part of the NETELLER Desktop which, in addition, to offering convenient, secure and private payment via Net+, will also enable NETELLER e-wallet users to view the balance on their e-wallet account without the need to visit the main NETELLER site.

• Net+TM Prepaid Card by MasterCardR , a slick looking CHIP and PIN plastic card which allows consumers to access funds within their e-wallet at points-of-sale or by withdrawing cash at ATMs. The card will be usable at 27.3 million acceptance locations, including 1.9 million ATMs and other locations where cash may be obtained.

TransSend Payment Services and NETELLER have worked together to offer these two great card products which have been integrated with NETELLER's existing platform to ensure seamless loading and withdrawal capabilities through the NETELLER e-wallet. These two products offer excellent value to the consumer (compared to many other prepaid card offerings) as well as a high level of convenience and security.

David Gagie, President of the NETELLER Group's Member Services division, said: "The launch of the Net+TM prepaid cards will provide our consumers with a more convenient and cost-effective way to withdraw cash and make pu purchases using the funds in their e-wallets. This launch is a key part of the Group's strategy to bring new customers to the NETELLER e-wallet and to extend the lifetime value of existing customers."