New prepaid card service: Neteller and TranSend Payment ServicesAugust 28, 2008, 9:28 am (10 years ago)
The Isle of Man e-cash processor Neteller plc is ready to provide clients with a latest prepaid card service in October this year after a contract with the Conister Financial Group plc affiliate company, TransSend Payment Services.
The corporation is going to make accessible to Neteller users the Net+ MasterCard Prepaid Card facility. Neteller is going to shortly provide its e-wallet users with the Net+ card, which the company states is going to supply bigger value, safety, privacy and convenience.
By early October 2008 e-wallet users is going to have an option of new merchandise:
A virtual Net+ MasterCard card for online use. The virtual card application produces a single use, distinctive 16 digit card number and puts the checkout page with entire payment data for the user. The Net+ Virtual Card provides the convenience of paying online (anywhere MasterCard is recognized) from a computer united with high level of safety and privacy. The Net+ Virtual Card is going to be a portion of the Neteller Desktop which is going to allow users as well to check the balance on their e-wallet accounts and no need to visit the central Neteller website.
The 2nd option is a non-virtual Net+ MasterCard card to deal with funds in the user's e-wallet at POS or by taking out the cash at ATMs. The card can be used at 27.3 million locations, as well as 1.9 million ATMs, internationally where MasterCard is usable.
The incorporation procedure between Neteller and TransSend is at a highly developed stage, with the beginning of October startup on schedule, an announcement from Neteller advises.
Ron Martin, President and Chief Executive Officer of the Neteller Group, explained: "This is an additional main objective for Neteller and shows more proof of the Group executing on its policy. The expected startup of the Net+ prepaid cards is going to supply our customers with a extra competent and cost-efficient method to withdraw and utilize funds in their e-wallets."
Richard Jones, CEO of TransSend, explained: "Neteller's situation as a top supplier of inventive payment solutions and their extensive client base in both gaming and non-gaming business made them an effective associate for us. We entirely anticipate that this partnership is going to produce one of the top prepaid card programs in the industry today and are thrilled about the chances we see in Neteller’s card-based tactic for additional growth."
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