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Moneybookers was founded in 2001 as an e-commerce business for the purposes of transferring funds across the Internet, including to online gambling sites. In March 2007 Moneybookers was bought by Investcorp Technology Partners. Today Moneybookers operates in all countries and has over 7 million account holders. Moneybookers carries out financial transactions in almost 30 currencies and offers local payments in more than 30 countries. Though the general procedure of using Moneybookers is common throughout the world, there are local variations depending on national requirements. Moneybookers is registered in the United Kingdom and is regulated by the Financial Services Authority.

Neteller is a financial services company operating from the Isle of Man and regulated in the United Kingdom. It was founded in 1999. Since 2004 Neteller has been listed on the London Stock Exchange. In November 2008 Neteller change its name to Neovia Financial PLC, mainly as a signal of breaking away from the past. 2007 had been a bad year for Neteller. In January two of its former executives and major stakeholders were arrested in the United States by the Department of Justice on charges of transferring funds to promote illegal online gambling activities. Neteller withdrew its services from the American market and in July 2007 it reached a financial settlement with the Department of Justice to avoid further prosecutions.