Demonstrates NEOVIA's strength in payment processing for digital content delivery
NEOVIA Financial Plc (LSE: NEO), the leading alternative payments business, announces that its NETBANX gateway, part of the NEOVIA Payment Network, has been chosen by FilmFlex to process all online payments for the recently launched Film4oD, Film4's online video-on-demand service.
Powered by FilmFlex, Film4oD provides a selection of over 500 films available to rent online, with many available on the same day as their DVD release. Rentals cost between 99p and £3.99. NEOVIA has previously announced that FilmFlex had selected it to process payments for its own video on demand package. NEOVIA has also announced contract wins in 2010 with other IPTV providers including SeeSaw and Perform.
"Having previously chosen NEOVIA as our partner for payment processing, we are happy to extend our use of their services for Film4oD," said Greig Hilton, COO for FilmFlex. "NEOVIA provides us with flexible, secure payment processing at affordable rates."
"This announcement demonstrates that the NEOVIA Payment Network is the best choice for secure, flexible online payment processing in the micro-content and streaming media market - where alternative payment options can provide the right solutions for content providers," said Dan Starr, EVP and Chief Marketing Officer for NEOVIA.
The NEOVIA Payment Network(TM) simplifies payments for businesses improving customer experience, margins and lifetime value. It includes the international NETBANX® payments processing service for merchants, and member and card services through the NETELLER® payment account. NETBANX allows merchants to accept and settle card and non-card payments through multiple channels including online, contact centres, mail order and via automated phone systems. Via NETELLER merchants can offer their loyal customers a branded payment account that allows instant and direct settlement that avoids the complexities and costs of traditional card schemes; the embedded multi-award-wining Net+® card allows consumers to spend at over 30 million MasterCard® locations worldwide.
For further information contact:
Nick Daines / Sheelagh Connelly,
Lumen PR Tel: +44 (0) 20 7617 7019
Head of Marketing,
FilmFlex Tel: +44 (0) 20 7131 6650
Group Publicity Manager,
Channel 4 Tel: +44 (0) 20 7306 3636
About NEOVIA Financial
Trusted by consumers and businesses in over 170 countries to move and manage billions of dollars each year, NEOVIA Financial Plc is a leading alternative payments business. Through the NEOVIA Payment Network, merchants use the NETBANX® processing service to simplify how they accept and settle card, direct-from-bank, and cash payments, and the NETELLER® payment account to increase margins, capture new customers and increase customer lifetime values. Being independent has allowed the company to support tens-of-thousands of retailers and merchants in many geographies and across multiple industries.
NEOVIA Financial Plc is quoted on the London Stock Exchange's AIM, with a ticker symbol of NEO. Subsidiary company NETELLER (UK) Ltd 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 neovia.com/feeds/.
FilmFlex is the UK's leading on-demand movie service provider having managed the VOD movie service on Virgin Media since 2005, with over 60,000,000 buys to date.
FilmFlex is a joint venture between Sony Pictures Television (a Sony Pictures Entertainment company) and The Walt Disney Company EMEA, and has content deals with over 30 movie suppliers including all the Hollywood Studios.
FilmFlex has developed and built an online VOD platform after two years of research and development and is partnering with a number of leading technology companies. Film 4oD is the second client to be announced. film4od.film4.com.
About Film4 On Demand
Film4oD is Film4's online on demand service and launched in November 2010. Powered by FilmFlex, it provides a large selection of films available to rent online, with many available on the same day as their DVD release.
Simple and easy to use, the on-demand service closely replicates the editorial tone and content of the Film4 channel. Available to rent from between £0.99 to £3.99, Film4oD includes content from the majority of the major studios and leading independent distributors as well as films from Film4 Productions. In addition to the wide range of individual titles, Film4oD customers are able to enjoy a fresh perspective on the films they love through regularly updated themed seasons and selections.