Neovia to Process Payments for Sony/Disney-Owned Broadband VOD Service, FilmFlex

--Broadband VOD Service, Lovefilm, Launches Yahoo! App

Payment solutions provider, Neovia Financial, says that UK-based FilmFlex will use the Neovia Payment Network to process all online payments for its recently launched broadband VOD service. Neovia has also previously announced deals with UK broadband video platforms, SeeSaw and Perform.

FilmFlex, a joint venture between Sony and Disney, secured its first customer win earlier this year (see the article published on itvt.com, April 28th): a deal to provide content for UK cable operator Virgin Media's new Microsoft Silverlight-powered broadband VOD service, Virgin Media Online Movies (note: the latter is available to all UK consumers, not just Virgin subscribers). According to Neovia, FilmFlex is using its Netbanx gateway to process all payments for its new packaged streaming service. "We chose Neovia as our business partner because they understood our business model," FilmFlex CEO, Andrew Keyte, said in a prepared statement. "They gave us the flexibility to add alternative payments as we needed them. Having Neovia processing our payments securely, at competitive rates, helps us maximize our offering to our clients now--and as the video-on-demand market grows in the future." Added Neovia CMO, Dan Starr: "Alternative payment options are exactly the right tool for this market. Following our contract wins with SeeSaw and Perform, this win further demonstrates that the Neovia Payment Network is the best choice for secure, flexible online payment processing in the micro-content and streaming media market."

In related news: Lovefilm, the company often described as "the European Netflix," has launched an application on Yahoo! UK & Ireland that offers movie news, reviews and trailers, as well as the ability to browse and search Lovefilm's extensive content library (note: the company claims to have a library of around 67,000 movie and video game titles). The app also allows Lovefilm subscribers to access and manage their accounts and to receive personalized recommendations. "We are committed to enhancing our digital offering at Lovefilm," the company's CMO, Simon Morris, said in a prepared statement. "The Yahoo! app makes the Lovefilm service even more accessible to our members."

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