Optimal Payments

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Optimal Payments PLC
Type Public company
Traded as LSEOPAY
Industry Online banking
Founded 1996
Headquarters Douglas, Isle of Man
Key people Chairman
Joel Leonoff, CEO & president
Products Electronic money
Revenue Increase$179.1 million (2012)[1]
Employees 200 (2012)
Website optimalpayments.com

Optimal Payments PLC, formerly known as Neovia Financial PLC, is an online payments company[2] based in the Isle of Man and regulated in the United Kingdom. It is the provider of the Netbanx gateway, Neteller e-wallet, and Neteller Net+ debit card products used by merchants and consumers in over 180 countries.

History[edit]

The company was formed from the combination of Neteller Plc, Netbanx Ltd and Optimal Payments Inc. Netbanx was founded in 1996, and both Optimal Payments and Neteller 1999.[3] The company has been publicly traded on the London Stock Exchange since its initial public offering (IPO) in 2004.[4] In November 2008 the company renamed itself to NEOVIA Financial PLC.[5]

In early 2011 the company acquired Optimal Payments of Montreal, Quebec and renamed itself to Optimal Payments PLC. The acquisition was revealed to be a reverse takeover in early 2012 with the purging of a number of the senior management along with the chairman of the board.[6] In July 2014, Optimal Payment PLC expanded its United States interests and purchased Meritus Payment Solutions a California based payment processing company, a deal worth over $235 Million.[7]

Products and services[edit]

The company's products are offered via the software as a service (SaaS) model. The Netbanx service processes credit and debit card-not-present and non-card payments for North American, European and Asia global retailers through their online stores, mail-order/telephone order and automated (IVR) phone channels.[8] The service offers both direct processing and acquiring merchant services/merchant accounts.

Neteller is an electronic money/e-wallet stored-value service that allows consumers to send and receive money.[9]

Notes[edit]

  1. ^ 2012 results at Investegate
  2. ^ "Optimal Payments PLC (OPAY.L) Company Profile". Reuters. Retrieved 11 June 2012. 
  3. ^ Timeline/history
  4. ^ Company IPO Document
  5. ^ Finextra: company renames. Finextra.
  6. ^ Reuters name change to Optimal Paymentns complete
  7. ^ "Optimal Payments to expand to USA". casinoslots.net. Retrieved 2014-07-02. 
  8. ^ Shop Direct choose Netbanx
  9. ^ "Neteller Casino Overview". Retrieved 2011-05-24. 

External links[edit]