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Innovative New Solutions for Neteller

Neteller’s two new partnership deals mean that European and international online casino gamblers and e-commerce merchants have the latest technology and services right at their fingertips. Neteller has really begun to focus the company on expanding outside of the offering payment processing systems primarily to the online casinos and instead has bgun to market the product on a much larger scale – to the international need to e-wallets that offer services to small business looking to maintain a Web presence. To fulfill the goal of branching out to new companies and payment processing systems Neteller has secured exclusive partnership deals with both Coinstar and Cardsave – two companies offering unique services to land and online businesses.

Neteller lost the bulk of its customers when it was forced to withdraw from the U.S. online casino gambling market –and although the long and drawn out proceedings tried the patience of previous U.S. account holders, the company is now looking to build a strong foundation and customer base in sectors of the e-commerce payment processing industry that are perhaps a bit less volatile than the processing payments for the online casinos. Because international online gambling legislation is so varied and dynamic, it is much safer for the company to establish firm business prospects in other sectors of the payment processing industry.

To that end, the CEO of Neteller, Ron Martin, commented, “Our services help drive merchant success through innovation, simplicity and value. The Cardsave agreement means that the Neteller Group has significantly extended its distribution and business opportunity for the Netbanx gateway, Neteller e-wallet and our other services.”

The new services as a result of the two new partnerships are in development and the Net+ prepaid card services will be available before the end of the year.