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22 June 2009

Net+ Card Wins Top Accolade at Cards & Payments Europe 2009 Awards

Monday, 22 June 2009 – NEOVIA Financial Plc (NEO.L), the independent online payments business, and Conister Trust are pleased to announce that their Net+ Prepaid MasterCard has won the Best New Prepaid Card Product Launch.

The Net+ Prepaid MasterCard has been voted the best new prepaid card at the prestigious Cards & Payments Europe 2009 Awards, organised by Cards International and Electronic Payments International, against tough competition from the PayPal Top-Up Card and the M-Cube/Ryanair co-branded prepaid card programme.

The Cards & Payments Europe Awards, which are open to UK and international payment card issuers and acquirers, recognise best practice in the card payment industry. The Card & Payments Europe Awards are part of Europe’s leading cards and payments conference and expo held in Prague on 18/19 June 2009.

To qualify, the card had to have significant features, marketing strategies or programmes, be new to the issuer, market or both, and have acquired a significant number of new accounts in the six months following its launch. The winners are chosen by an independent judging panel, which comprises representatives from the payment card organisations and industry commentators and experts from across the globe.

The Net+ Prepaid MasterCard, issued by Conister Trust Limited and launched in October 2008, incorporates chip and PIN technology, allows cardholders to instantly access funds from a NETELLER e-wallet account at over 26 million retail point of sale locations and 1 million ATMs worldwide. The virtual version of the card offers a secure way to shop and pay online with one-time usage card numbers.

The award was made to NEOVIA and Conister Trust Limited, the issuer of the Net+ Card, at The Cards & Payments Europe 2009 Awards ceremony in Prague on 18 June 2009.

Simon Hull, Managing Director of Conister Trust Limited, said “This award recognises the leading capabilities of the Net+ Card, and we are delighted to be working with NEOVIA to bring such an innovative product to the market. The Net+ Card is the first time an e-wallet has been used to load both virtual and physical cards.”

Dan Starr, Executive President of NEOVIA, commented “We are delighted that the Net+ Card has been recognised as the best new prepaid card by industry experts at The Card Awards. The Card has been a success for our existing e-wallet customers, giving them flexibility and security over payouts, and to our merchants, the cards have demonstrated they can add to customer lifetime value as part of the NEOVIA Payment Suite.”