LONDON | Optimal Payments, a leading global online payments provider, today announces a strategic partnership to provide the NETELLER eWallet to Payline, the payment platform developed and operated in France by Monext.
The agreement means that the NETELLER eWallet will become a new payment provider to existing Payline clients such as Amazon.fr. The eWallet allows consumers to pay for goods and services securely over the internet in a wide range of industries. Since its launch in 1999, millions of consumers in over 200 countries have used the NETELLER eWallet payment service to transfer billions of dollars safely around the world. The eWallet provides instant transfers, support for 19 currencies and 13 languages, marketing and loyalty programs, stringent identity, age and Know Your Customer processes, and low FX rates.
Lorenzo Pellegrino, VP Digital Development at Optimal Payments, commented: "This partnership is a further example of NETELLER's growing reach in Europe and we look forward to working with the Payline team to offer our trusted and secure payment system to their customers."
Didier Brouat, Head of Payline added: "We are proud to add the NETELLER eWallet to our payment services and enhance our offering to customers. This, along with other initiatives, is key to the growth of our operational features."
About Payline by Monext
Payline is a highly-adaptable and easily-implemented secure online payment solution aimed at players in the e-commerce and mobile commerce fields. First developed in 1996 by French company MONEXT, the trailblazer in terms of e-commerce solutions in France, this comprehensive and highly-effective solution may be used on all MO/TO sales channels and can be tailored to suit the needs of the individual online retailer.
This solution is now used by 6,000 e-tailers in France and right across Europe to process almost 200 million payments each year. Payline's guiding principles are innovation and efficiency, with its ultimate goal being to predict and prepare for the future needs of online shoppers and retailers. In fact, Payline was the driving force behind such innovations as 'one click payment', 'selective 3D Secure' and 'real-time monitoring of your sales on iPhone and iPad'.
For more information, visit www.payline.com.
About Optimal Payments' NETELLER®
As one of the world's largest independent digital wallet and money transfer services, the NETELLER service processes more than US $3 billion billions of transactions each year between consumers and merchants in over 200 countries, 19 currencies and 13 languages. The service provides businesses and individuals with an online alternative to traditional payment methods, providing an instant and indemnified payment and pay-out mechanism in markets where traditional methods may not work, have a high incidence of fraud, or are too slow. NETELLER can be used at more than 32 million locations worldwide via direct payments or the included award-winning NETELLER Net+ MasterCard®.
The NETELLER service started in 1999 and has been regulated since 2004. The service is run by Optimal Payments Ltd which is authorised and regulated as an e-money issuer by the UK's Financial Conduct Authority (FRN: 900015). For more information about NETELLER visit www.neteller.com.
About Optimal Payments PLC
Optimal Payments is a global provider of online payment solutions. Trusted by businesses and consumers in over 200 countries to move and manage billions of dollars each year, merchants use the NETBANX® processing service to simplify how they accept and settle credit card, direct-from-bank, and cash payments; and the NETELLER® payment service to increase margins, capture new customers and increase their lifetime value. Being an independent provider has allowed the company to support tens-of-thousands of merchants around the globe across a wide range of industries. Optimal Payments Plc is quoted on the London Stock Exchange's AIM market, with a ticker symbol of OPAY. Subsidiary company Optimal Payments Ltd is authorised and regulated as an e-money issuer by the UK's Financial Conduct Authority (FRN: 900015).
For more information on Optimal Payments visit www.optimalpayments.com.
Press Release sourced from Optimal Payments, September 4th, 2013.