Neteller issued a press release announcing its new suite of prepaid, re-loadable debit and remittance cards for its customers in Europe and Asia Pacific. Customers in Canada, US and Turkey can not take advantage of Neteller services due to current federal legislation.
Their new prepaid card is tied to a customer’s Neteller account and can be used at over 24 million ATMs and Point-of-Sale (PoS) terminals worldwide. This card replaces the existing Neteller debit card and has several benefits not available on its predecessor such as more flexibility and significantly lower pricing. The new card will be available in multiple currencies and is tied to the customer’s e-wallet account, saving the consumer foreign exchange fees. The Group expects the new prepaid card to be available to customers by the end of May 2007.