EMONEY NETELLER PAYMENT SUITE INSIDE THE BORN GROUP

Isle of Man based e-cash processor Neteller plc and the Europe and Asia facing BORN (BornForSports) e-commerce group, signed a five year payment and joint marketing agreement this week. The agreement provides for the exclusive use of a version of Neteller Payment Suite inside the BORN group network of merchants and brands. Included is a co-branded e-wallet to be called BORN Express powered by Neteller.

With a million members worldwide, BORN manages a sports lifestyle oriented social network that sells sports-style-fashion goods and services from carefully selected merchants and brands. Via its proprietary marketplace platform, BORN takes a commission on each sale and controls the payment processing through its e-wallet BORN Express. Under the five-year contract, BORN has agreed to implement the Neteller Payment Suite across its online merchants and brands network.

Under the agreement a co-branded e-wallet, BORN Express powered by Neteller, will be embedded into the BORN marketplace platform and used as the standard method of payment across the BORN network, with an initial focus on the UK, France, Germany, Italy and China.