Net Element, Inc. (NASDAQ: NETE) News -
June 13, 2017
Growing Global Payments
Industry Encourages Bold New Approaches to Transactions
New York, NY - June 13, 2017 - NetworkNewsWire News Coverage:
In the
increasingly complex payments industry, companies have to provide new products
and services to prove their relevance.
Net Element, Inc. (NASDAQ: NETE)
is providing novel payment solutions to the events industry while also expanding
its existing services into Russia, carving a space in previously underserved
niches. Amazon.com (NASDAQ: AMZN) uses its superior
 bargaining
position to pass along the benefits of its corporate power to smaller businesses
in the form of discounts on card transactions for those using its payment
system. While Apple, Inc. (NASDAQ: AAPL) continues to its mark
through technological innovation, testing out a payment system that allows
customers to order and pay for products on the way to pick them up, Alibaba
Group (NYSE: BABA) has made payment an integral part of a broader
digitization strategy. Another industry player, Evo Payments, Inc.
(NASDAQ: EVOP), offers payment processing with easy cross-border transactions to
businesses around the world.
Payment Becomes More Varied
The global payments industry is thriving. As economies grow and consumer culture
spreads around the globe, more and more financial transactions are carried out
every day. Established businesses are looking for better ways to process those
transactions, while new companies are looking for ways to easily process
payments and improve both their systems and the customer experience.
The ways payments are made are also becoming progressively varied. Cash, once
the standard resource, is increasingly rare as credit and debit cards, mobile
payment systems and other forms of electronic transfer take its place.
Blockchain and cryptocurrencies offer alternative payment systems that, though
not yet mainstream, are starting to reach out of the internet and onto the high
street.
In this context, payment companies need to innovate to stay relevant.
An Integrated Payment System
Global technology company
Net Element, Inc. (NASDAQ: NETE)
is among those offering new ways to manage payments. A
specialist in mobile payments and value-added transactional services, the
company operates through a number of subsidiaries to provide payment solutions
to a range of industries.
One of those subsidiaries is Unified Payments,
rated as the fastest growing company in America by Inc. 500 magazine in 2012.
Its award-winning payment solutions provide customized options for small and
mid-sized businesses. Using payment-specific devices, computers and mobile
payment systems, it gives clients a wide range of options to receive payments.
Unified Payments recently
launched an
intelligent payment solution designed for the events industry. This enhances
existing payment services to provide a better platform for merchants. Its
integration of point-of-sale systems, self-order kiosks, chargeback protection
and multi-channel payment acceptance creates a complete and smoothly connected
payment system. Innovative programs such as “Fast Pass Funding” same-day service
and “Zero Pay,” a cash paymentdiscount
program that lets merchants keep 100 percent of sales revenues from the events,
provide added bonuses for those using the Unified Payments system.
With the events industry
worth over $330 billion in 2016, and continuing to grow year after year,
this is a huge opportunity for a payments provider like Net Element. Events
companies will need payment solutions to deal quickly and efficiently with all
kinds of payments, and that means finding effective modern solutions such as
those offered by Unified Payments.
Blockchain-powered Payment
Net Element has also embraced one of the most powerful new tools for payment
processing – blockchain.
Blockchain is a form of database that has become increasingly popular for
payment systems. Originally developed a decade ago as the foundation of bitcoin,
it’s a decentralized ledger system. When something is changed on a blockchain
system, previously completed ledger records are affected, and past entries
cannot be altered or removed without the awareness and permission of others
working on the blockchain. It makes for more secure payments and record keeping,
significantly reducing the chances of error or fraud.
Net Element’s recently released payments platform,
Netevia, is built on this technology. Part of a set of recently announced
blockchain solutions, it will provide a system in which merchants and customers
are connected via the technology. Netevia itself simplifies payments across
multiple sales channels through a single point of integration, tying together
multiple payment systems. Various channels, including point-of-sale, e-commerce
and mobile devices can all be brought together through Netevia.
Netevia isn’t just a single payment solution. It’s a system that integrates with
multiple payment platforms to make everyday commercial interactions. Customers
can customize it to suit their needs while benefiting from Netevia’s security
and fraud prevention resources.
Net Element Chief Technology Officer Andrey Krotov explains: “Netevia was
designed by developers with developers in mind. We put together all the building
blocks needed for developers and merchants to integrate payments into their
everyday commerce. The Netevia platform delivers a blueprint and easy to use
tools for global commerce and monetization, saving developers and merchants time
and money with one provider and one integration across all sales channels.”
Net Element earlier this week announced (http://nnw.fm/SKbg1)
an extension of the Netevia platform to include a smart solution for enabling
secure vendor payments (https://netevia.com/payable-solutions/)
. With a lineup of advantages, including a mobile app and transaction security,
Netevia streamlines B2B payments – a market estimated at $7.7 trillion a year,
according to Statista.
Reaching into Russia
As well as providing new payment
solutions to existing markets, Net Element is spreading its resources to new
parts of the world.
PayOnline, another Net Element subsidiary, recently announced a
partnership with Bank Sputnik in the Russian Federation. As a result of this
deal, PayOnline will be offering a comprehensive multi-channel payment
facilitator solution to small and medium-sized business owners in the
Federation. The tools offered by this solution are not currently available from
any other transaction processing company in the region, providing Russian
merchants with options that they did not previously have. In return, PayOnline
gains access to a market largely untapped by its western competitors. The
Russian digital payments sector
was worth $27.9 billion in 2016 and is expected to reach $39.5 billion in 2018.
This makes the partnership an extremely lucrative opportunity for Net Element.
Like Net Element’s other products and subsidiaries, PayOnline provides merchants
with access to a range of solutions to improve their payment processing. This
includes a credit card auto account updater, multi-currency pricing, secured
payments through tokenization of card data, advanced fraud detection tools, and
smart transaction routing.
Access to the PayOnline system in Russia will be made easier by an API-driven
platform. Each merchant can be enrolled into the program, approved, boarded and
ready to start taking payments within only a few minutes.
“This innovative, turnkey solution offers frictionless onboarding for merchants
with integrated, value-added services,” said Andrey Krotov, CTO of Net Element.
“With customizable payment flows, full-stack API and value-added solutions,
PayOnline exceeds the unique needs of software platforms and merchants looking
to enable payments in a multi-channel environment.”
The Bigger Payment Processing Picture
As global commerce continues to grow, payment processing is becoming an
increasingly valuable sector, with a number of companies vying to become
dominant players.
Online retail giant Amazon.com (NASDAQ: AMZN) is currently
pushing to get more retailers using its payment system, in a bid to
undermine competitors such as PayPal, according to Bloomberg News. In a strategy
that’s familiar to long-term Amazon watchers, the company has put expansion
ahead of immediate profits. Its huge financial clout lets it negotiate reduced
fees on credit and debit card transactions because the finance industry wants
Amazon’s money. Now the company is offering to pass that discount on to small
businesses using Amazon Pay, giving them good reason to use its system.
Apple (NASDAQ: AAPL) is expanding the appeal of its Apple Pay system by
offering novel benefits to individual customers. The company has developed an
advance order system that users can access to place an order and make a payment
on the way to a vendor, allowing them to pick their purchase up with less hassle
and delays. The system is
being tested with drinks orders at the BottleRock music festival in Napa Valley.
If it works there, it could provide a significant boost to Apple and the mobile
payments industry.
The Chinese Alibaba Group
(NYSE: BABA) is making advancements in payment as part of its New Retail
strategy. The company aims to
digitize the entire retail operation through a range of digital solutions
that includes mobile payments. As electronic payment systems take over, it will
be easier for the company to fully integrate its retail operations and to make
itself one of the leaders in the digital payment field.
Evo Payments (NASDAQ: EVOP) provides payment processing for international
businesses. Its integrated global solutions simplify payments across borders, a
valuable asset for vendors working in the global economy. Its recently announced
partnership with MONETA Money Bank extends its reach in the Czech Republic, as
it seeks to provide services around the globe.
New payment systems are bringing benefits for businesses and customers, and as
the global payments industry continues to evolve, Net Element has demonstrated
its ability to identify and address key market needs.
By offering innovative approaches to this seemingly mundane transaction,
innovative companies have the potential to take advantage of increased consumer
spending.
For more information on Net Element, please visit
Net Element, Inc. (NASDAQ: NETE).
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Integrated Payment Services Are Revolutionizing the Consumer Buying Experience
New York, NY - May 4, 2017 - NetworkNewsWire News Coverage: When it
comes to ecommerce, integrated payment solutions provide consumers more
flexibility in their shopping than ever before. The conveniences of these
solutions have
long
been in the making (the first online payment services started in the 1990’s) and
today promise to be the future of payments. For consumers, integrated payments
mean the capability to initiate a transaction on a smart device, complete the
buying process online, and finalize the transaction in store or via home
shipment. For merchants, this translates to streamlined accounting, stronger
customer relationships, integrated payment acceptance into next-generation and
legacy point-of-sale systems, customer management systems, and more selling and
marketing opportunities through business data analytics and loyalty programs.
The companies driving this improved consumer experience include Net Element,
Inc. (NASDAQ:
NETE), (which offers an array of omni-channel payment solutions, as well
as Vantiv Inc. (NYSE: VNTV), Global Payments Inc. (NYSE: GPN), Amazon.com, Inc.
(NASDAQ: AMZN) and Alphabet, Inc. (NASDAQ: GOOG).
Payment processing integration saves merchants time by eliminating manual
processes such as entering credit cards. It also has the potential to reduce
human error, increases cash flow, and reduces labor costs. Integrated payments
can also allow merchants to accept payments across multiple sales channels such
as: face-to-face, online, mobile, smart televisions and in-application. In doing
so, integrated payments can improve customer service as the merchant can spend
more time on customer interaction, satisfaction, marketing and other vital
business components.
As a global provider of multi-channel payment technology solutions and
value-added transactional services, Florida-based Net Element, Inc. (NASDAQ:
NETE) recognizes the potential of omni-channel, integrated payment
solutions. In 2016, Net Element was named one of the fastest-growing technology
companies in South Florida Journals 2016 Technology Awards. Its PayOnline
subsidiary, for example, manages electronic commerce through a simplified
approach to enterprise online transaction and mobile payment processing. It
addresses payment acceptance, processing, risk prevention and security,
operating as a single software-as-a-service suite. Among many other features,
PayOnline’s recently launched “Instant
Credit” service allows online merchants
to sell goods and services on credit. Consumers benefit from the ability to
interact directly with integrated credit institutions to secure instant access
to loans, while merchants have the means to achieve higher conversion rates at
checkout and increase average ticket size. The solution is ideal for the
ecommerce of high-priced items such as digital technology and household
appliances for which consumers may need credit. In addition, PayOnline offers
mobile payment acceptance across all mobile devices, including Apple iOS,
Android and Microsoft. PayOnline’s proprietary “Pay-Travel: solution integrates
the exiting financial instruments already used by the travel industry into a
best-in-class, multi-channel, Global Distribution (“GDS”) platform, which allows
users to effectively manage all aspects of their payment needs in a flexible,
easy-to-use solution integrated with popular GDS solutions such as: Amadeus,
Sabre and Travelport. In 2016, PayOnline was named the best processing gateway
by Tagline, and was recognized for its payment services by Markswebb Rank &
Report, ranked as a Top 5 payment acceptance company.
Net Element’s Unified Payments subsidiary, recognized in 2012 by Inc. Magazine
as the #1 Fastest Growing Company in America, offers a secure mobile
point-of-sale system designed to help small businesses drive revenue and
profitability. Unified Payments facilitates quick payment acceptance and allows
product inventory to be used to build orders. Customer details can be recorded
instantly, and the service comes with an EMV-compliant bankcard reader and smart
payment terminals. Through an online business analytics dashboard, Unified
Payments Insights focuses on big data to give merchants the chance to compare
current revenue, social media activity, and online reputation. The platform
allows businesses to see what customers are saying about them on websites such
as Yelp and TripAdvisor, manage customers from acquisition to retention, monitor
the competition with alerts and feedback, manage social media activity, and
analyze business performance. In addition, Unified Payment offers its merchants
fully integrated an omni-channel gift and loyalty platform, which enables
small-to-medium size businesses to centralize their customer data spanning
in-store, online, social and mobile channels.
Additionally, through its partnership with Planet Payment, Inc. (NASDAQ: PLPM),
a leading provider of international and multi-currency payment processing
services, Unified Payments offers online merchants Planet Payment’s
Multi-Currency Pricing. This offering enables merchants to more effectively
expand into foreign markets by displaying pricing and accepting payments in a
variety of local currencies. The gold in this capability goes back to the
consumer desire for convenience. Multi-Currency Pricing provides online
merchants the tools needed to create an enhanced shopping experience for
international customers.
Net Element’s Digital Provider subsidiary offers a large portfolio of
customizable payment solutions that enable organizations to monetize their goods
and increase conversions. With Digital Provider, customers can charge their
purchases directly to their cell phone bill using just their mobile number- no
credit cards or sensitive bank account information is required for the purchase.
Ultimately, this capability simplifies the pattern of interaction between
customers that visit a business’ online store and all other online services.
These services are coupled with call center rentals, automated mass payments,
and a package solution that provides organizations the chance to fund raise for
charitable cause.
Net Element (NASDAQ: NETE) Addressing $783 Billion Restaurant Industry’s Need
for Speed, Accuracy with Aptito
Phone, mobile device, online and point-of-sale terminal payments are all
processed by Net Element’s single payment processing platform, but the company
isn’t the only player in the integrated payment space. Vantiv (VNTV) offers
in-store and online point-of-sale solutions that also support both methods. As
part of its strategy to bolster its ecommerce technology capabilities, Vantiv
recently announced a plan to purchase Paymetric, which provides electronic
payment solutions for the enterprise to streamline the order-to-cash process,
reduce the scope and financial burden of achieving PCI compliance and improve
return on electronic payment acceptance. Paymetric integrates ERP and CRM
systems with robust payments capabilities to help companies optimize workflows,
save time and reduce costs.
Vantiv recently reported total first-quarter revenues of $928.2 million, an
increase of 13% compared to the year prior, and expects continued growth as it
forecasts full-year 2017 revenues to increase 9-11% year-over-year.
Global Payments (GPN), also a recognizable force in omni-channel payment
solutions, currently serves 2.5 million merchant locations. A member of the S&P
500, the company has merchants and partners in North America, Europe, Brazil and
the Asia-Pacific region spanning 30 countries. The Atlanta-based organization
offers e-commerce, onsite payments, cross-border, development, and integrated
solutions.
The company recently unveiled its new vertically integrated TouchNet® OneCard
VIP™ platform for campus-wide transactions. According to the press release, the
platform is represents new cloud-based campus ID software designed to simplify
student life by maintaining student access privileges and enabling payment
transactions across colleges and universities. This is yet another example of
how today’s leading companies are rising to meet the demand for omni-channel
solutions that create a unique user experience.
Perhaps the most familiar name in integrated payment systems is Amazon.com (AMZN)
Amazon Pay keeps customer information secure and transactions fast for small and
large companies. It now reportedly has over 33 million customers worldwide (as
of April 2017), doubling in a year, and was recently expanded to Italy, France
and Spain. Aside from supporting plug-ins to connect with e-commerce partners
such as Shopify, BigCommerce, and PrestaShop, Amazon Pay lets businesses brand
the checkout experience, increase conversions, and grow their operations. A
global partner program helps connect merchants with e-commerce platform
providers, professional developers, and agencies. The company also said the Pay
with Amazon button is seen on about 10 percent of top U.S. e-commerce sites, not
only representing consumer demand but opportunities for retail investors looking
to take on the market.
Alphabet Inc. (NASDAQ: GOOG), a conglomerate of companies that includes Google,
recently established an agreement with PayPal Holdings (NASDAQ: PYPL) to combine
Google’s digital wallet with PayPal for Android smartphone users, who can now
take advantage of the most popular payment method (PayPal is available on 70
percent of e-commerce sites). Alphabet is also now the publicly-traded entity,
as all shares of Google (now a wholly owned subsidiary) were converted to the
same number of shares as the company. The agreement opens the door to making
PayPal available in stores and may boost the mobile payment efforts of Google,
which the company has been trying to get off the ground for some time.
On the user side, the agreement enables consumers to link PayPal accounts to
Google’s digital wallet – Android Pay. Anyone using the digital wallet will be
able to use PayPal to purchase products at large retail chains. Ongoing efforts
and deals are transforming PayPal from a website tool to a versatile system for
in-store payments, transferring money overseas, and shopping using smartphones.
It’s yet another example of how electronic payments are becoming a standard in
consumer shopping, no matter where a purchase is made.
Net Element, Vantiv, Global Payments, Amazon, and Alphabet are all onboard to
satisfy the demand for simple and secure integrated payment solutions.
Retailers, consumers and shareholders will only continue to benefit as these
brands compete for market share and develop global networks. Building its
presence in developed and emerging markets, Net Element stands out from the rest
as it caters to the demand for fully integrated online payment solutions. These
solutions are allowing people to complete purchases online, have products
shipped to them, or start the process on the Internet and end it at the store.
For more information on
Net Element (NASDAQ: NETE) please visit:
www.netelement.com
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NNW & FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E the Securities
Exchange Act of 1934, as amended and such forward-looking statements are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. "Forward-looking statements" describe future expectations,
plans, results, or strategies and are generally preceded by words such as "may",
"future", "plan" or "planned", "will" or "should", "expected," "anticipates",
"draft", "eventually" or "projected". You are cautioned that such statements are
subject to a multitude of risks and uncertainties that could cause future
circumstances, events, or results to differ materially from those projected in
the forward-looking statements, including the risks that actual results may
differ materially from those projected in the forward-looking statements as a
result of various factors, and other risks identified in a company's annual
report on Form 10-K or 10-KSB and other filings made by such company with the
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______________________________________________
Recent Net Element News and Commentary
Net Element's PayOnline
Expands its Suite of Services, Launches Online Instant Credit
PayOnline becomes a conduit for consumer financing, provides merchants the
potential to increase online sales
MIAMI, FL -- (Marketwired) -- 04/26/17 -- Net Element, Inc. (NASDAQ:
NETE) ("Net
Element" or the "Company"), a global provider of mobile payment technology
solutions and value-added transactional services, today announces that its
PayOnline subsidiary has introduced a "Instant Credit," a new feature that
allows online merchants to sell goods and services on credit. By integrating
Instant Credit, merchants will receive the same settlement process inclusive of
both bankcard and payables due from consumers. Instant Credit enables the
consumer to directly interact with the integrated credit institution for instant
access to a loan, creating an incentive for merchants to promote this service to
achieve higher conversion rates at checkout.
According to a recent research, a high number of Russian consumers buy expensive
goods and services on credit, though only a small number of online sites provide
this payment option. Instead, most sites redirect consumers to a complicated
loan application page, which often results in abandoned shopping carts at
checkout. PayOnline solves this problem by providing a fully integrated shopping
experience, via online and mobile devices, with an instant approval process at
checkout. The Instant Credit feature is available as a stand-alone product with
no other purchase requirements.
"We expect that using this new method of payment will allow our clients to grow
their sales volumes and average ticket size," commented Maria Goryacheva,
PayOnline product director. "The solution will be especially useful for the
online sale of digital technology and household appliances, travel services,
educational institutions, and other enterprises with a high average ticket size.
For maximum effect, and to reduce the risk of high-priced items being left in
the online shopping cart, it is important to let consumers know they have the
option to buy online goods on credit early in the shopping process."
How Instant Credit works: 1. Online merchant places a "Buy on Credit" button on
the item page and in the "basket"
2. Consumers choose "Buy on Credit" as a type of payment
3. The consumer is redirected to a form to obtain credit from a Micro Finance
Company ("MFC")
4. MFC issues a credit response in 10 seconds or less
5. Upon credit approval, the payment is processed. Technically it's similar to
payment by a bankcard
6. Funds flow to online shopping bank account according to the terms fixed in
the contract
7. Consumers pays out credit to MFC
This new payment instrument is available online or through mobile app to all
merchants registered as legal entities and in compliance with The Russian
Federation's legislations. PayOnline's clients can begin offering Instant Credit
within one business day by simply notifying their relationship manager and
integrating the "Buy on Credit" button to their website. For additional payment
services, such as bankcard, e-wallets, MasterPass and Apple Pay, clients will
complete a standard agreement with PayOnline and undergo technical integration.
About Net Element Net Element, Inc. (NASDAQ: NETE) operates a
payments-as-a-service transactional and value-added services platform for small
to medium enterprise ("SME") in the US and selected emerging markets. In the US
it aims to grow transactional revenue by innovating SME productivity services
such as its cloud based, restaurant and retail point-of-sale solution Aptito.
Internationally, Net Element's strategy is to leverage its omni-channel platform
to deliver flexible offerings to emerging markets with diverse banking,
regulatory and demographic conditions such as UAE, Kazakhstan, Kyrgyzstan and
Azerbaijan where initiatives have been recently launched. Net Element was named
in 2016 by South Florida Business Journal as one of the fastest growing
technology companies. Further information is available at www.netelement.com.
Forward-Looking Statements Securities Exchange Act of 1934, as amended. Any
statements contained in this press release that are not statements of historical
fact may be deemed forward-looking statements. Words such as "continue," "will,"
"may," "could," "should," "expect," "expected," "plans," "intend," "anticipate,"
"believe," "estimate," "predict," "potential," and similar expressions are
intended to identify such forward-looking statements. All forward-looking
statements involve significant risks and uncertainties that could cause actual
results to differ materially from those expressed or implied in the
forward-looking statements, many of which are generally outside the control of
Net Element and are difficult to predict. Examples of such risks and
uncertainties include, but are not limited to whether the introduction of the
Instant Credit application will positively impact the Company. Additional
examples of such risks and uncertainties are: (i) Net Element's ability (or
inability) to obtain additional financing in sufficient amounts or on acceptable
terms when needed; (ii) Net Element's ability to maintain existing, and secure
additional, contracts with users of its payment processing services; (iii) Net
Element's ability to successfully expand in existing markets and enter new
markets; (iv) Net Element's ability to successfully manage and integrate any
acquisitions of businesses, solutions or technologies; (v) unanticipated
operating costs, transaction costs and actual or contingent liabilities; (vi)
the ability to attract and retain qualified employees and key personnel; (vii)
adverse effects of increased competition on Net Element's business; (viii)
changes in government licensing and regulation that may adversely affect Net
Element's business; (ix) the risk that changes in consumer behavior could
adversely affect Net Element's business; (x) Net Element's ability to protect
its intellectual property; (xi) local, industry and general business and
economic conditions; (xii) adverse effects of potentially deteriorating
U.S.-Russia relations, including, without limitation, over a conflict related to
Ukraine, including a risk of further U.S. government sanctions or other legal
restrictions on U.S. businesses doing business in Russia. Additional factors
that could cause actual results to differ materially from those expressed or
implied in the forward-looking statements can be found in the most recent annual
report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form
8-K filed by Net Element with the Securities and Exchange Commission. Net
Element anticipates that subsequent events and developments may cause its plans,
intentions and expectations to change. Net Element assumes no obligation, and it
specifically disclaims any intention or obligation, to update any
forward-looking statements, whether as a result of new information, future
events or otherwise, except as expressly required by law.
Contact: Net Element, Inc.
media@netelement.com
+1 (786) 923-0502
Source: Net Element, Inc.
Net Element's Unified Payments
to Offer Planet Payment's Multi-Currency Pricing Solution
Unified Payments introduces multi-currency payment acceptance to its online
merchants
MIAMI, FL -- (Marketwired) -- 03/21/17 -- Net Element, Inc. (NASDAQ:
NETE) ("Net
Element" or the "Company"), a provider of global mobile payment technology
solutions and value-added transactional services, today announces that its
Unified Payments subsidiary entered into a partnership with Planet Payment, Inc.
(NASDAQ: PLPM), a leading provider of international and multi-currency payment
processing services, in which Unified Payments will offer Planet Payment's
Multi-Currency Pricing to its portfolio of online merchants.
Multi-Currency Pricing enables online merchants to more effectively expand into
foreign markets by allowing their international customers to view pricing and
pay in their own currency. This capability represents a considerable market
opportunity, as global eCommerce sales are expected to top $27 trillion in 2020,
with Asia-Pacific remaining the world's largest retail eCommerce market,
according to a report from eMarketer.com
"Planet Payment is eager to partner with a prominent payment services provider
like Unified Payments," said Chris Greenstein, director U.S. Sales & Acquirer
Relations at Planet Payment. "As global eCommerce sales continue to rise; we
believe it is imperative for merchants in the U.S. to broaden their reach.
Multi-Currency Pricing allows them to expand in the right way, by offering
customized pricing that international customers will appreciate."
Delivered through the convenience of a single U.S. merchant account,
Multi-Currency Pricing lets online merchants sell in their customers' currencies
while continuing to be paid in U.S. dollars -- without affecting current funding
schedules. Additionally, merchants can price the same item in multiple
currencies, including Euros, Japanese Yen, Mexican Pesos, Euros or Canadian
Dollars, allowing e-tailers to maximize their global reach.
"We are excited to form this partnership with Planet Payment to bring our online
merchants the ability to price in multiple currencies and expand their global
reach," commented Vlad Sadovskiy, president of Unified Payments. "When entering
new markets, it is crucial to cater to your target audience. Multi-Currency
Pricing lets our online merchants do just that, by providing them with the tools
to create an enhanced shopping experience for their international customers."
About Planet Payments Planet Payment is a provider of international payment and
transaction processing and multi-currency processing services. The Company
provides its services to approximately 189,000 active merchant locations in 22
countries and territories across the Asia Pacific region, the Americas, the
Middle East, Africa and Europe, primarily through its acquiring bank and
processor customers, as well as through its own direct sales force. Our
point-of-sale and e-commerce services help merchants sell more goods and
services to consumers, and together with our ATM services, are integrated within
the payment card transaction flow, enabling our acquiring customers, their
merchants and consumers to shop, pay, transact and reconcile payment
transactions in multiple currencies, geographies and channels. For more
information visit www.planetpayments.com.
About Net Element Net Element, Inc. (NASDAQ: NETE) operates a
payments-as-a-service transactional and value-added services platform for small
to medium enterprise ("SME") in the US and selected emerging markets. In the US
it aims to grow transactional revenue by innovating SME productivity services
such as its cloud based, restaurant and retail point-of-sale solution Aptito.
Internationally, Net Element's strategy is to leverage its omni-channel platform
to deliver flexible offerings to emerging markets with diverse banking,
regulatory and demographic conditions such as UAE, Kazakhstan, Kyrgyzstan and
Azerbaijan where initiatives have been recently launched. Net Element was named
in 2016 by South Florida Business Journal as one of the fastest growing
technology companies. Further information is available at www.netelement.com.
Forward-Looking Statements Securities Exchange Act of 1934, as amended. Any
statements contained in this press release that are not statements of historical
fact may be deemed forward-looking statements. Words such as "continue," "will,"
"may," "could," "should," "expect," "expected," "plans," "intend," "anticipate,"
"believe," "estimate," "predict," "potential," and similar expressions are
intended to identify such forward-looking statements. All forward-looking
statements involve significant risks and uncertainties that could cause actual
results to differ materially from those expressed or implied in the
forward-looking statements, many of which are generally outside the control of
Net Element and are difficult to predict. Examples of such risks and
uncertainties include whether the relationship with Planet Payment will be
beneficial to the Company. Additional examples of such risks and uncertainties
are: : (i) Net Element's ability (or inability) to obtain additional financing
in sufficient amounts or on acceptable terms when needed; (ii) Net Element's
ability to maintain existing, and secure additional, contracts with users of its
payment processing services; (iii) Net Element's ability to successfully expand
in existing markets and enter new markets; (iv) Net Element's ability to
successfully manage and integrate any acquisitions of businesses, solutions or
technologies; (v) unanticipated operating costs, transaction costs and actual or
contingent liabilities; (vi) the ability to attract and retain qualified
employees and key personnel; (vii) adverse effects of increased competition on
Net Element's business; (viii) changes in government licensing and regulation
that may adversely affect Net Element's business; (ix) the risk that changes in
consumer behavior could adversely affect Net Element's business; (x) Net
Element's ability to protect its intellectual property; (xi) local, industry and
general business and economic conditions; (xii) adverse effects of potentially
deteriorating U.S.-Russia relations, including, without limitation, over a
conflict related to Ukraine, including a risk of further U.S. government
sanctions or other legal restrictions on U.S. businesses doing business in
Russia. Additional factors that could cause actual results to differ materially
from those expressed or implied in the forward-looking statements can be found
in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q
and current reports on Form 8-K filed by Net Element with the Securities and
Exchange Commission. Net Element anticipates that subsequent events and
developments may cause its plans, intentions and expectations to change. Net
Element assumes no obligation, and it specifically disclaims any intention or
obligation, to update any forward-looking statements, whether as a result of new
information, future events or otherwise, except as expressly required by law.
Contact:
Net Element, Inc. media@netelement.com
+1 (786) 923-0502
Planet Payment, Inc. Jill Raftery
jraftery@planetpayment.com
+1 (516) 941-1858
Source: Net Element, Inc.
Net Element Launches Apple Pay
Support in Russia
PayOnline provides merchant support for Apple Pay's rapidly growing mobile
acceptor base in Russia
MIAMI, FL -- (Marketwired) -- 04/05/17 -- Net Element, Inc. (NASDAQ:
NETE) ("Net
Element" or the "Company"), a provider of global mobile payment technology
solutions and value-added transactional services, today announces that its
PayOnline subsidiary has launched Apple Pay support in Russia.
According to Apple, Inc., the global number of Apple Pay users is growing at a
rate of over one million per week, while transaction volumes are up 500% over
the last year. Since launching in Russia on October 4, 2016, the number of Apple
Pay users in the country has increased to an estimated 200,000 and continues
growing.
As a fully integrated electronic commerce platform, PayOnline is at the
forefront of the payments industry in the region and poised for expansion into
North America. It is well positioned to capitalize on this growing trend by
enabling and supporting mobile and e-commerce merchants to accept Apple Pay.
"As the shift to mobile payments continues, PayOnline delivers the necessary
support and tools merchants need to make payments a seamless part of online and
mobile purchases," says Marat Abasaliev, head of online solutions for PayOnline.
"By delivering support to merchants that use Apple Pay, PayOnline demonstrates
its ability to meet the growing demand for secure, convenient and quick
transactions."
Apple Pay gives consumers an easy, secure and private way to pay in stores,
within apps, and on websites using the devices they have with them every day.
For merchants, accepting Apple Pay is faster and more secure than accepting
traditional credit and debit cards since every transaction on the customer's
iPhone or iPad requires Touch ID -- a fingerprint identity sensor --
authentication or passcode. In addition, because actual credit or debit card
numbers are not disclosed, merchants accepting payments via Apple Pay are not
handling sensitive payment information in their systems.
About Net Element Net Element, Inc. (NASDAQ: NETE) operates a
payments-as-a-service transactional and value-added services platform for small
to medium enterprise ("SME") in the US and selected emerging markets. In the US
it aims to grow transactional revenue by innovating SME productivity services
such as its cloud based, restaurant point-of-sale solution Aptito.
Internationally, Net Element's strategy is to leverage its omni-channel platform
to deliver flexible offerings to emerging markets with diverse banking,
regulatory and demographic conditions such as UAE, Kazakhstan, Kyrgyzstan and
Azerbaijan where initiatives have been recently launched. Further information is
available at www.netelement.com.
Forward-Looking Statements Securities Exchange Act of 1934, as amended. Any
statements contained in this press release that are not statements of historical
fact may be deemed forward-looking statements. Words such as "continue," "will,"
"may," "could," "should," "expect," "expected," "plans," "intend," "anticipate,"
"believe," "estimate," "predict," "potential," and similar expressions are
intended to identify such forward-looking statements. All forward-looking
statements involve significant risks and uncertainties that could cause actual
results to differ materially from those expressed or implied in the
forward-looking statements, many of which are generally outside the control of
Net Element and are difficult to predict. Examples of such risks and
uncertainties include, but are not limited to whether the support services for
Apple Pay provided by PayOnline will positively impact the Company. Additional
examples of such risks and uncertainties are : (i) Net Element's ability (or
inability) to obtain additional financing in sufficient amounts or on acceptable
terms when needed; (ii) Net Element's ability to maintain existing, and secure
additional, contracts with users of its payment processing services; (iii) Net
Element's ability to successfully expand in existing markets and enter new
markets; (iv) Net Element's ability to successfully manage and integrate any
acquisitions of businesses, solutions or technologies; (v) unanticipated
operating costs, transaction costs and actual or contingent liabilities; (vi)
the ability to attract and retain qualified employees and key personnel; (vii)
adverse effects of increased competition on Net Element's business; (viii)
changes in government licensing and regulation that may adversely affect Net
Element's business; (ix) the risk that changes in consumer behavior could
adversely affect Net Element's business; (x) Net Element's ability to protect
its intellectual property; (xi) local, industry and general business and
economic conditions; (xii) adverse effects of potentially deteriorating
U.S.-Russia relations, including, without limitation, over a conflict related to
Ukraine, including a risk of further U.S. government sanctions or other legal
restrictions on U.S. businesses doing business in Russia. Additional factors
that could cause actual results to differ materially from those expressed or
implied in the forward-looking statements can be found in the most recent annual
report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form
8-K filed by Net Element with the Securities and Exchange Commission. Net
Element anticipates that subsequent events and developments may cause its plans,
intentions and expectations to change. Net Element assumes no obligation, and it
specifically disclaims any intention or obligation, to update any
forward-looking statements, whether as a result of new information, future
events or otherwise, except as expressly required by law.
Contact: Net Element, Inc.
media@netelement.com
+1 (786) 923-0502
Source: Net Element, Inc.
A Look at the Global Evolution of
Direct Carrier Billing
New York, NY - February 8, 2017 - NetworkNewsWire News Coverage:
According to a recent report in Android Headlines1, the long-awaited alliance
between Google and India’s largest mobile carrier, Bharti Airtel, to offer
Direct
Carrier Billing (DCB) has finally come to pass. On the table since at least
2014, the deal would give Airtel’s nearly 40 million data subscribers the
ability to purchase apps and digital content from the Google Play Store without
having to submit banking information. This collaboration shows that DCB has come
into its own. It won’t be long before Apple, Inc. (NASDAQ: AAPL), First Data
Corp (NYSE: FDC), Square, Inc. (NYSE: SQ), PayPal, Inc. (NASDAQ: PYPL),
Net Element (NASDAQ: NETE) and other DCB
outfits find they are on the right bandwagon.
Google has inked a similar deal for the Indian market with British carrier
Vodafone, suggesting DCB is on the cusp of rapid widespread acceptance. It’s
worth noting that the payment trend is taking root among smaller players, as
well as industry behemoths like Google. One such example is global technology
company Net Element (NETE).
Ranked as one of South Florida Business Journal’s Top 25 Fastest-Growing
Technology Companies, Net Element specializes in mobile payments and
value-added transactional services. The company has oriented itself for growth
in emerging economies and the U.S., actively seeking opportunities to transform
the online and mobile experience with a multi-channel platform, simplified
security and compliance, essentially providing an all-in-one digital solution.
Aligned with this growth strategy, Net Element
offers DCB through its Digital Provider subsidiary. As one of several companies
under the Net Element brand, Digital Provider works with the largest mobile
operators in the Commonwealth of Independent States (CIS), as well as select
emerging markets, to offer content providers, social media networks, game
developers and other merchants a broad array of payment options, including DCB.
What Net Element has discovered is consumer appeal of DCB - which is that
it gives a mobile subscriber the convenient ability to purchase content such as
apps, games and music and, rather than make a separate transaction, have the
charge put on his or her telephone bill.
Unlike making purchases with debit and credit cards, DCB does not require
banking information. With DCB, a mobile provider supplies the third-party
provider with just enough details to enable shipment of the content. The mobile
provider pays the third party for the content and then sends the customer the
bill at the end of the month.
It’s no accident that Google has chosen to expand its partnerships in India,
where mobile phones far outstrip bank accounts. According to a global market
report by Fortumo, called Direct Carrier Billing in 2016, Asia Pacific is set to
overtake Latin America as the region with the largest transaction volume in
carrier billing in 2017.
DCB volume in India grew by 175 percent in 2016 with a potential for further
triple-digit expansion. With a population of 1.3 billion, the country has an
estimated one billion mobile phone subscribers. However, smartphone penetration
is just 20 percent. As Indians replace their old mobiles with smartphones, DCB
is likely to become a major payment method.
The Fortumo report also highlights the Philippines and Australia, which together
with India are the countries with the top growth markets in the Asia Pacific
region.
At present, mobile phone billing, as the folks at Apple (AAPL) call DCB, is
available to customers of its iTunes Store, App Store and iBooks Store who live
in Belgium, Germany, Japan, Norway, Russia, Saudi Arabia, Switzerland, Taiwan
and the United Arab Emirates. It’s worth noting that the United States isn’t on
the list.
For the most part, Net Element is among the first businesses in the United
States to offer DCB services, though companies like First Data Corp. could
awaken to the opportunity and follow suit.
First Data (FDC) is a global payment technology company best known for its STAR
inter-bank network. The company reportedly handles 45% of all U.S. credit and
debit card transactions, but expansion there has been slow. First Data (FDC) is
scheduled to release its fourth-quarter results before the market opens on
February 13.
San Francisco-based Square, Inc. (SQ) - creator of the Square Reader that
attaches to mobile phones and allows consumers to use debit and credit cards, as
well as the Square Register point-of-sale software that can be used in lieu of
traditional card terminals and cash registers – is also evolving the broader
digital payment landscape. The company recently announced (http://nnw.fm/lMw7q)
“a limited-time program that will allow small businesses to process more than
$12,000 in Apple Pay payments for free (a $350 value) as an incentive for them
to encourage their customers to use the payment method.”
PayPal (PYPL) is also moving the scale toward DCB in the United States. Back in
2012 at the Mobile World Congress in Barcelona, the company announced its plans
to work with carriers and digital merchants to expand carrier payments. Today
the company offers its Tele2 product, enabling subscribers to “top-up” their
PayPal balances through their mobile phone bills – meaning the users can
transfer money from their bank accounts into their PayPal (PYPL) accounts.
Fortumo forecasts that, while Latin America boasts the biggest transaction
volume for carrier billing, Asia Pacific is likely to take the leading spot in
2017. Perhaps one snag for DCB in the United States is consumer concern over
data security. However, as an increasing number of consumers abroad take
advantage of the conveniences of DCB, the market on American soil is ripe for
companies like Net Element (NETE) to take a leading start.
1. Android Headlines: http://nnw.fm/V4c1V
For more information on Net Element (NASDAQ: NETE) visit: www.netelement.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press
release services and a full array of social communication solutions. As a
multifaceted financial news and distribution company with an extensive team of
journalists and writers, NNW is uniquely positioned to best serve private and
public companies who need to reach a wide audience of investors, consumers,
journalists and the general public. NNW has an ever-growing distribution network
of more than 5,000 key syndication outlets across the country. By cutting
through the overload of information in today’s market, NNW brings its clients
unparalleled visibility, recognition and brand awareness. NNW is where news,
content and information converge.
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://NNW.fm/Disclaimer
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News Source: NetworkNewsWire
Net Element, Inc. (NASDAQ:
NETE) Giving Clients a 360-Degree View of their Business with Unified Payments
Insights
New York, NY - February 7, 2017 - Although the use of big data has been
around for years, businesses still do not use it to
their
full advantage. Despite past reports (http://nnw.fm/Cw1XS) predicting big data
to be a key basis for competition, productivity growth, innovation, and consumer
surplus, an article by the Harvard Business Review (http://nnw.fm/dY2E4)
showcases the fact that most industries aren’t using their analytics to their
full potential.
For the first time ever, business analytics is expected to drive business growth
rather than just reflect performance. The problem is that businesses, in
addition to often falling behind and not collecting the required data to get
ahead of the
competition, often do not understand the need to turn their data into...
Read more » https://www.networknewswire.com/net-element-inc-nasdaq-nete-giving-clients-360-degree-view-business-unified-payments-insights/
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press
release services and a full array of social communication solutions. As a
multifaceted financial news and distribution company with an extensive team of
journalists and writers, NNW is uniquely positioned to best serve private and
public companies who need to reach a wide audience of investors, consumers,
journalists and the general public. NNW has an ever-growing distribution network
of more than 5,000 key syndication outlets across the country. By cutting
through the overload of information in today’s market, NNW brings its clients
unparalleled visibility, recognition and brand awareness. NNW is where news,
content and information converge.
For more information, visit https://www.NetworkNewsWire.com
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
Source: NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
Net Element's Unified Payments
Announces Comprehensive Point-of-Sale Program During its 2017 Launch Series
Unified
Payments introduces comprehensive point-of-sale placement program
MIAMI, FL -- (Marketwired) -- 02/01/17 -- Net Element, Inc. (NASDAQ:
NETE) ("Net
Element" or the "Company"), a provider of global mobile payment technology
solutions and value-added transactional services, today announces that its
Unified Payments subsidiary will introduce its new point-of-sale ("POS") program
during its 2017 Launch. The first stop on the 2017 Launch Series is the annual
Northeast Acquirers Association (NEAA) conference on February 1-2, 2017, taking
place at the Renaissance Boston Waterfall Hotel in Boston, Massachusetts.
As a dedicated gathering space for leaders in innovation, the NEAA conference
provides an opportunity for attendees to hear industry forecasts and trends for
the upcoming year, and to obtain the tools needed for making an impact in the
payments and point of sale market.
The event also provides Unified Payments increased exposure as it unveils its
most comprehensive POS placement program to the market. Agents and ISOs looking
to grow their business, improve their margins, enhance retention and remain
relevant in the payments space will be excited to learn about these new and
exciting Fintech solutions from Unified Payments. Through this innovative
program, businesses in any stage of development can qualify to receive
cutting-edge point-of-sale solutions. The program creates a perfect blend of
modern smart POS terminal technology solutions such as Poynt and Clover with
traditional point-of-sale solutions such as Aldelo POS and upgraded EMV
solutions for Micros and Aloha. The comprehensive POS program also allows SMBs
to benefit from the latest technologies with no upfront investment, and gain
access to competitive analytical tools, historically available to only large
national merchants.
All POS offerings are fully integrated with Unified Payments' free Gift Card
Processing Platform, which allows omni-channel customer experience.
Unified Payments' presentation at NEAA will discuss the following topics:
The most comprehensive selection of POS solutions
Smart-payment terminal solution (Poynt)
Mobile POS solution (Unified mPOS)
True, omni-channel approach to merchant needs
Custom, home grown POS solutions (Aptito for Restaurants/Retail and Restoactive,
proprietary interactive POS Add-On solution)
Omni-channel gift card program
How partnering with Unified Payments can benefit merchants and value-added
resellers long-term
Try before you buy program: 90-days client satisfaction guarantee
According to Grand View Research, "Retail POS Terminals Market Size Report,
2024," Mobile POS terminals are expected to be the fastest-growing segment with
a CAGR of over 17% from 2016 to 2024. The high return on investment and ease of
usability are factors driving the global mobile POS terminal market growth.
Developed markets are embracing tablets in addition to smartphones, as small
specialty and retail businesses find tablets a powerful substitute for the
traditional point-of-sale systems.
"What we have observed in the marketplace is that many other out-of-date
programs leave merchants either stuck with equipment they did not like after
using, or that they were not informed of the limitations of the system before
signing multi-year, non-cancelable leasing contracts," commented Vlad Sadovskiy,
president of Unified Payments. "We strongly believe in
client satisfaction, and our 90-days try before you buy commitment is our way to
show that we will go above and beyond in providing our clients with exceptional
satisfaction."
About Northeast Acquirers Association The Northeast Acquirers Association (NEAA)
was founded in 1985 and is entering its 32nd year of successfully serving and
educating all distribution channels in the electronic payments industry in the
northeast (ISO, MSP, MLS, FI). Annual conference provides an educational forum
that covers the most current industry issues, trends and topics. NEAA provides
economical access for attendees to meet with the companies that are the
front-runners in developing the latest payment technologies, solutions and
products. Our conference venues promote optimal settings for payment
professionals to network one-on-one or in a group environment. Further
information is available at www.northeastacquirers.com.
About Net Element Net Element, Inc. (NASDAQ: NETE) operates a
payments-as-a-service transactional and value-added services platform for small
to medium enterprise ("SME") in the US and selected emerging markets. In the US
it aims to grow transactional revenue by innovating SME productivity services
such as its cloud based, restaurant and retail point-of-sale solution Aptito.
Internationally, Net Element's strategy is to leverage its omni-channel platform
to deliver flexible offerings to emerging markets with diverse banking,
regulatory and demographic conditions such as UAE, Kazakhstan, Kyrgyzstan and
Azerbaijan where initiatives have been recently launched. Net Element was named
in 2016 by South Florida Business Journal as one of the fastest growing
technology companies. Further information is available at www.netelement.com.
Forward-Looking Statements Securities Exchange Act of 1934, as amended. Any
statements contained in this press release that are not statements of historical
fact may be deemed forward-looking statements. Words such as "continue," "will,"
"may," "could," "should," "expect," "expected," "plans," "intend," "anticipate,"
"believe," "estimate," "predict," "potential," and similar expressions are
intended to identify such forward-looking statements. All forward-looking
statements involve significant risks and uncertainties that could cause actual
results to differ materially from those expressed or implied in the
forward-looking statements, many of which are generally outside the control of
Net Element and are difficult to predict. Examples of such risks and
uncertainties include, but are not limited to whether the introduction of its
new point-of-sale program will positively impact the Company. Additional
examples of such risks and uncertainties are : (i) Net Element's ability (or
inability) to obtain additional financing in sufficient amounts or on acceptable
terms when needed; (ii) Net Element's ability to maintain existing, and secure
additional, contracts with users of its payment processing services; (iii) Net
Element's ability to successfully expand in existing markets and enter new
markets; (iv) Net Element's ability to successfully manage and integrate any
acquisitions of businesses, solutions or technologies; (v) unanticipated
operating costs, transaction costs and actual or contingent liabilities; (vi)
the ability to attract and retain qualified employees and key personnel; (vii)
adverse effects of increased competition on Net Element's business; (viii)
changes in government licensing and regulation that may adversely affect Net
Element's business; (ix) the risk that changes in consumer behavior could
adversely affect Net Element's business; (x) Net Element's ability to protect
its intellectual property; (xi) local, industry and general business and
economic conditions; (xii) adverse effects of potentially deteriorating
U.S.-Russia relations, including, without limitation, over a conflict related to
Ukraine, including a risk of further U.S. government sanctions or other legal
restrictions on U.S. businesses doing business in Russia. Additional factors
that could cause actual results to differ materially from those expressed or
implied in the forward-looking statements can be found in the most recent annual
report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form
8-K filed by Net Element with the Securities and Exchange Commission. Net
Element anticipates that subsequent events and developments may cause its plans,
intentions and expectations to change. Net Element assumes no obligation, and it
specifically disclaims any intention or obligation, to update any
forward-looking statements, whether as a result of new information, future
events or otherwise, except as expressly required by law.
Net Element
+1 (786) 923-0502
media@netelement.com
Source: Net Element, Inc.
ESET Chooses Net Element's
PayOnline for Secure Payments in Kazakhstan
Leading international IT security company, provider of anti-virus and
firewall products chooses PayOnline for secure payments acceptance
MIAMI, FL -- (Marketwired) -- 01/31/17 -- Net Element, Inc. (NASDAQ:
NETE) ("Net
Element" or the "Company"), a provider of global mobile payment technology
solutions and value-added transactional services, today announces that ESET, a
leading international IT security company which offers anti-virus and firewall
products has chosen PayOnline for secure payment acceptance services.
This contract highlights that PayOnline not only serves local companies, but
that it is also being selected as platform of choice by international companies
looking for a secure platform to accept payments internationally.
ESET develops anti-malware software solutions that protect and secure computers,
mobile devices and smartphones. ESET protects Internet users across 200
countries worldwide, making its anti-virus solution one of the leading solutions
on the market.
PayOnline provides secure payment acceptance that protects ESET against fraud
and consumer's data in accordance with the highest international payment
security standard -- PCI DSS (Level 1). Clients of ESET in Kazakhstan can now
securely pay online at shop.eset.kz using multiple payment methods, including
MIR, Visa, Visa Electron, MasterCard and Maestro; payments are facilitated in
Tenge, Kazakhstan's national currency.
According to Frost & Sullivan, a leading growth strategies consultancy, "ESET
offers high-performance, proactive endpoint security solutions. The company goes
above and beyond the competition to add value to its products by educating both
Mac and PC users on how to defend themselves against the latest cyber threats...
ESET will continue to maintain a strong presence in the endpoint security market
and provide high value to its customers."
"Complex technology can be available, understandable and user-friendly. We
believe in it and select partners whose values are similar to ours. Accepting
payments at ESET online store utilizing PayOnline fully meets our requirements
for quality of service and reliability. We are confident in our payment partner
and together we can provide our users with reliable protection," commented Pavel
Brazhnikov, director of Online Projects, ESET.
About ESET ESET is privately held and has branch offices and distributors in
over 200 countries. ESET's NOD32 anti-virus solution is a record holder for the
number of VB100 awards received, according to British publication Virus
Bulletin, as well as ADVANCED+ and ADVANCED testing laboratory AV-Comparatives.
In Russia, the business version of ESET is FSTEC certified. Further information
is available at www.eset.com.
About Net Element Net Element, Inc. (NASDAQ: NETE) operates a
payments-as-a-service transactional and value-added services platform for small
to medium enterprise ("SME") in the US and selected emerging markets. In the US
it aims to grow transactional revenue by innovating SME productivity services
such as its cloud based, restaurant point-of-sale solution Aptito.
Internationally, Net Element's strategy is to leverage its omni-channel platform
to deliver flexible offerings to emerging markets with diverse banking,
regulatory and demographic conditions such as UAE, Kazakhstan, Kyrgyzstan and
Azerbaijan where initiatives have been recently launched. Further information is
available at www.netelement.com.
Forward-Looking Statements Securities Exchange Act of 1934, as amended. Any
statements contained in this press release that are not statements of historical
fact may be deemed forward-looking statements. Words such as "continue," "will,"
"may," "could," "should," "expect," "expected," "plans," "intend," "anticipate,"
"believe," "estimate," "predict," "potential," and similar expressions are
intended to identify such forward-looking statements. All forward-looking
statements involve significant risks and uncertainties that could cause actual
results to differ materially from those expressed or implied in the
forward-looking statements, many of which are generally outside the control of
Net Element and are difficult to predict. Examples of such risks and
uncertainties include, but are not limited to whether the relationship with ESET
will positively impact the Company. Additional examples of such risks and
uncertainties are : (i) Net Element's ability (or inability) to obtain
additional financing in sufficient amounts or on acceptable terms when needed;
(ii) Net Element's ability to maintain existing, and secure additional,
contracts with users of its payment processing services; (iii) Net Element's
ability to successfully expand in existing markets and enter new markets; (iv)
Net Element's ability to successfully manage and integrate any acquisitions of
businesses, solutions or technologies; (v) unanticipated operating costs,
transaction costs and actual or contingent liabilities; (vi) the ability to
attract and retain qualified employees and key personnel; (vii) adverse effects
of increased competition on Net Element's business; (viii) changes in government
licensing and regulation that may adversely affect Net Element's business; (ix)
the risk that changes in consumer behavior could adversely affect Net Element's
business; (x) Net Element's ability to protect its intellectual property; (xi)
local, industry and general business and economic conditions; (xii) adverse
effects of potentially deteriorating U.S.-Russia relations, including, without
limitation, over a conflict related to Ukraine, including a risk of further U.S.
government sanctions or other legal restrictions on U.S. businesses doing
business in Russia. Additional factors that could cause actual results to differ
materially from those expressed or implied in the forward-looking statements can
be found in the most recent annual report on Form 10-K, quarterly reports on
Form 10-Q and current reports on Form 8-K filed by Net Element with the
Securities and Exchange Commission. Net Element anticipates that subsequent
events and developments may cause its plans, intentions and expectations to
change. Net Element assumes no obligation, and it specifically disclaims any
intention or obligation, to update any forward-looking statements, whether as a
result of new information, future events or otherwise, except as expressly
required by law.
Net Element
+1 (786) 923-0502
media@netelement.com
Source: Net Element, Inc.
Net Element Releases Letter to
Shareholders
Letter to Shareholders Summarizing Milestones for 2016
MIAMI, FL -- (Marketwired) -- 01/25/17 -- Net Element, Inc.
(NASDAQ: NETE)
("Net Element" or the "Company"), a provider of global mobile payment technology
solutions and value-added transactional services, today released the following
letter to shareholders from the Company's chief executive officer, Oleg Firer:
Dear Fellow Shareholders,
As we begin the New Year, I would like to take this opportunity to recap our
achievements for 2016 and lay out several exciting objectives for 2017.
I am pleased to say that despite economic challenges and changing our business
model, 2016 was a successful year for Net Element. Our achievements provided
growth, and positioned us for continued success as we continue to expand our
global transaction services in the United States and select international
markets.
2016 marked a year of significant progress and corporate achievements. We
executed several complex initiatives and continue to make great strides in
delivering on the strategic endeavors that we have been working on for the past
three years. While a few of these endeavors are still in progress, our overall
operations, competitive posture, and growth are much stronger today than they
were one year ago.
Total transactions processed during 2016 were 187 million compared to 161
million for 2015.
Total transaction dollars processed during 2016 was $2.1 billion.
Total transaction dollars processed geographically in North American and
international markets in 2016 were $1.6 billion and $448 million, respectively.
Growth across all categories was organic.
Key to Net Element's success is its dedicated management team and talented
technology development, support staff and sales teams -- which have all
contributed to Net Element's ability to achieve its goals for 2016. Our common
objective is to enable the Company reach the goals we have outlined for 2017 and
future years.
Net Element Business Model
In 2013 we defined our business model, prioritized our opportunities and
objectives, and established the infrastructure necessary to achieve our goals.
We focused on several primary business goals.
One of our first objectives was to deliver our expertise in transactional
services in North America to select international markets across multiple
channels, touchpoints and payment methods.
Our long-term objective was to create single, international on-boarding and
transaction processing platform to power global commerce. With the introduction
of our proprietary carrier billing platform, "Trinity Platform," in July 2014,
paired with our acquisition of proprietary online and mobile payments
transaction processing platform, PayOnline in May 2015, Net Element has been on
track to achieve its long-term objectives and become a fast-growing provider of
transactional services in select international markets. Our capabilities
resulted in total processing volume for 2016 of $2.1 billion, a 245% increase
since 2013, while transactions processed for 2016 reached 187 million, a 2,661%
increase since 2013. Our platform is now available in over 50 countries,
supporting more than 100 payment methods internationally.
Significant Achievements in 2016
Recognitions
Net Element was named one of the fastest-growing technology companies in South
Florida Business Journal's 2016 Technology Awards.
PayOnline was named the best payment processing gateway in 2016 by Tagline.
PayOnline was also recognized for its payment acceptance services by Markswebb
Rank & Report, ranked as a Top 5 payment acceptance company.
Board of Director Changes
Appointed Howard Ash, an international business development professional, to our
Board of Directors and as chairman of the Audit Committee.
New Partnerships:
Esquire Bank - this multi-year contract includes transaction clearing services,
sponsorship for payment networks, bank identification number and merchant
marketing agreement.
Mashreqbank in United Arab Emirates - this new partnership expands Net Element's
processing capabilities in the region.
Round Bank in Russia - under this collaboration agreement, we integrated the
first 70 online merchants to the PayOnline platform.
AGBank in Azerbaijan - a new agreement with AGBank, one of Azerbaijan's leading
banks, allows PayOnline to process online transactions in the growing market of
Southwestern Asia.
New Key Client Relationships
Dunkin' Donuts became a client in Russia; PayOnline enabled online ordering and
payments for one of the world's largest coffee and baked goods chains.
ExLine became a client in Kazakhstan; PayOnline enabled secure online payments
for Kazakhstan's market-leading courier service.
Digital Provider enabled mobile payments at Vnukovo Airport; our proprietary
mobile transaction processing engine was integrated into airports infrastructure
to power essential components of mobile ecosystem.
VTB Insurance a leading insurance company in Russia became a client. PayOnline
enabled a first-of-its-kind payment service for insurance premiums for VTB
Insurance.
Geographical Expansion
Continued expansion in the Central Asian market.
Launched payment processing and mobile payments in Azerbaijan.
Signed leading online travel agency and national TV network as clients.
Capital
In 2016 we were successful in raising capital utilizing debt exchange and equity
financing instruments.
Product Launches
Launched payment acceptance module for popular instant messenger application
Telegram
Launched proprietary gift card software application for Smart Payment Terminals
PayOnline payments module became available for popular e-commerce and CMS
platforms
PayOnline introduced a new payment interface. New multi-channel payment
interface is based on the user experience of more than 10 million online
shoppers
Unified Payments launched Mobile Point of Sale for iOS. Merchants can interact
and transact with customers anywhere with our robust mobile processing and
analytical tools
Launched fully integrated omni-channel gift and loyalty platform
Launched Aptito in Russia, aiming to lead in the underserved POS software market
Released Aptito Point-of-Sale solution for retail stores, which helps improve
the experience retailers provide in-store through enhancing add-on services such
as inventory management and analytical tools
Launched SalesCentral On-the-Go to expedite merchant approval and boarding
Outlook for 2017
We had a strong start in 2017 with implementation of payment acceptance services
for ReservHotel, a leading travel distribution and booking provider serving over
500,000 travel agencies around the world, as well as for Sutochno.ru, the
leading short-term accommodation rental service in Russia with over 700,000
online booking requests annually.
For the remainder of the year, we will continue to focus on strategic
partnerships and innovative products that will further expand our services,
positioning Net Element as a convenient one-stop solution for payments services
to a global merchant community. We also intend to expand our presence in North
America through distribution and integrated-services programs. In addition, we
intend to further consolidate and centralize our operational infrastructure and
resources.
Conclusion
We are very pleased with the progress that Net Element made during 2016, and
look forward to further significant accomplishments in 2017.
Most importantly, we remain focused on the execution of our long-term objective
to create a single, international on-boarding and transaction processing
platform across payments ecosystems.
I would like to thank all of the shareholders for their continued support,
especially given the volatility of the trading price of our stock during 2016.
We anticipate that our improving financial results, continued expansion, strong
partnerships and executing on growth endeavors will produce improved shareholder
value in 2017.
We will continue communicating our developments to the investment community, and
encourage shareholders and potential investors to visit our website and follow
our social media channels, such as Facebook (https://www.Facebook.com/NetElement)
and Twitter (https://Twitter.com/NeteInc), to stay informed and fully aware of
new developments as they occur.
Thank you for your support and for taking the time to review this update letter.
On behalf of all of us at Net Element, we wish each and everyone of you a
healthy and prosperous 2017.
Sincerely,
Oleg Firer
Chief Executive Officer
Net Element, Inc.
About Net Element Net Element, Inc. (NASDAQ: NETE) operates a
payments-as-a-service transactional and value-added services platform for small
to medium enterprise ("SME") in the US and selected emerging markets. In the US
it aims to grow transactional revenue by innovating SME productivity services
such as its cloud based, restaurant point-of-sale solution Aptito.
Internationally, Net Element's strategy is to leverage its omni-channel platform
to deliver flexible offerings to emerging markets with diverse banking,
regulatory and demographic conditions such as UAE, Kazakhstan, Kyrgyzstan and
Azerbaijan where initiatives have been recently launched. Further information is
available at www.netelement.com.
Forward-Looking Statements Securities Exchange Act of 1934, as amended. Any
statements contained in this press release that are not statements of historical
fact may be deemed forward-looking statements. Words such as "continue," "will,"
"may," "could," "should," "expect," "expected," "plans," "intend," "anticipate,"
"believe," "estimate," "predict," "potential," and similar expressions are
intended to identify such forward-looking statements. All forward-looking
statements involve significant risks and uncertainties that could cause actual
results to differ materially from those expressed or implied in the
forward-looking statements, many of which are generally outside the control of
Net Element and are difficult to predict. Examples of such risks and
uncertainties include, but are not limited to whether the Company will be
successful in expansion and growth endeavors and in entering into new
partnerships; and even if it is successful in any or all of these endeavors,
whether this will positively impact the Company or result in improved
shareholder value. Additional examples of such risks and uncertainties are : (i)
Net Element's ability (or inability) to obtain additional financing in
sufficient amounts or on acceptable terms when needed; (ii) Net Element's
ability to maintain existing, and secure additional, contracts with users of its
payment processing services; (iii) Net Element's ability to successfully expand
in existing markets and enter new markets; (iv) Net Element's ability to
successfully manage and integrate any acquisitions of businesses, solutions or
technologies; (v) unanticipated operating costs, transaction costs and actual or
contingent liabilities; (vi) the ability to attract and retain qualified
employees and key personnel; (vii) adverse effects of increased competition on
Net Element's business; (viii) changes in government licensing and regulation
that may adversely affect Net Element's business; (ix) the risk that changes in
consumer behavior could adversely affect Net Element's business; (x) Net
Element's ability to protect its intellectual property; (xi) local, industry and
general business and economic conditions; (xii) adverse effects of potentially
deteriorating U.S.-Russia relations, including, without limitation, over a
conflict related to Ukraine, including a risk of further U.S. government
sanctions or other legal restrictions on U.S. businesses doing business in
Russia. Additional factors that could cause actual results to differ materially
from those expressed or implied in the forward-looking statements can be found
in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q
and current reports on Form 8-K filed by Net Element with the Securities and
Exchange Commission. Net Element anticipates that subsequent events and
developments may cause its plans, intentions and expectations to change. Net
Element assumes no obligation, and it specifically disclaims any intention or
obligation, to update any forward-looking statements, whether as a result of new
information, future events or otherwise, except as expressly required by law.
Net Element
+1 (786) 923-0502
media@netelement.com
Source: Net Element, Inc.
Net Element's PayOnline
Provides Payment Acceptance for the Leading Short-Term Accommodation Rental
Service in Russia
Sutochno.ru receives over 700,000 online booking requests
MIAMI, FL -- (Marketwired) -- 01/12/17 -- Net Element, Inc. (NASDAQ:
NETE) ("Net
Element" or the "Company"), a provider of global mobile payment technology
solutions and value-added transactional services, today announces that
Sutochno.ru, the leading C2C short-term accommodation booking servi¿¿ in Russia,
is now a client of PayOnline.
Sutochno.ru features over 70,000 property listings, which last year attracted
more than 700,000 guests who used the platform to book short-term accommodations
throughout Russia. Sutochno.ru differentiates itself from Airbnb by being more
country specific and offering a more attractive pricing model for guests.
Additionally, while Airbnb takes commissions from the guests, Sutochno.ru only
charges the hosts a commission and an optional fee to have a priority position
in the list of available properties.
"We are excited to partner with PayOnline for our payment processing needs.
PayOnline provides us with a complete solution for all of our payment needs such
as pre-authorization, escrowing and payment processing via all types of cards,"
commented Yuri Kuznetsov, founder of Sutochno.ru. "Together with PayOnline we
are developing innovative mechanisms specific to our business that will add
convenience, security and enhance the user experience."
"We are honored to see Sutochno.ru amongst our merchants; PayOnline has invested
heavily in product development, and it is rewarding to see how merchants can
utilize the capabilities of our platform to meet their business needs and
provide an excellent experience to the end consumer," commented Marat Abasaliev,
CEO of PayOnline.
About Sutochno.ru Sutochno.ru is a Russian based peer-to-peer marketplace
allowing consumers to list their residential properties for other consumers to
book on a short-term basis. The company was launched 5 years ago, currently
serves
over 700,000 guests on an annual basis and has over 70,000 active listings.
Further information is available at www.sutochno.ru.
About Net Element
Net Element, Inc. (NASDAQ: NETE ) operates a payments-as-a-service transactional
and value-added services platform for small to medium enterprise ("SME") in the
US and selected emerging markets. In the US it aims to grow transactional
revenue by innovating SME productivity services such as its cloud based,
restaurant point-of-sale solution Aptito. Internationally, Net Element's
strategy is to leverage its omni-channel platform to deliver flexible offerings
to emerging markets with diverse banking, regulatory and demographic conditions
such as UAE, Kazakhstan, Kyrgyzstan and Azerbaijan where initiatives have been
recently launched. Further information is available at www.netelement.com.
Forward-Looking Statements
Securities Exchange Act of 1934, as amended. Any statements contained in this
press release that are not statements of historical fact may be deemed
forward-looking statements. Words such as "continue," "will," "may," "could,"
"should," "expect," "expected," "plans," "intend," "anticipate," "believe,"
"estimate," "predict," "potential," and similar expressions are intended to
identify such forward-looking statements. All forward-looking statements involve
significant risks and uncertainties that could cause actual results to differ
materially from those expressed or implied in the forward-looking statements,
many of which are generally outside the control of Net Element and are difficult
to predict. Examples of such risks and uncertainties include, but are not
limited to whether the relationship with Sutochno.ru will positively impact the
Company. Additional examples of such risks and uncertainties are : (i) Net
Element's ability (or inability) to obtain additional financing in sufficient
amounts or on acceptable terms when needed; (ii) Net Element's ability to
maintain existing, and secure additional, contracts with users of its payment
processing services; (iii) Net Element's ability to successfully expand in
existing markets and enter new markets; (iv) Net Element's ability to
successfully manage and integrate any acquisitions of businesses, solutions or
technologies; (v) unanticipated operating costs, transaction costs and actual or
contingent liabilities; (vi) the ability to attract and retain qualified
employees and key personnel; (vii) adverse effects of increased competition on
Net Element's business; (viii) changes in government licensing and regulation
that may adversely affect Net Element's business; (ix) the risk that changes in
consumer behavior could adversely affect Net Element's business; (x) Net
Element's ability to protect its intellectual property; (xi) local, industry and
general business and economic conditions; (xii) adverse effects of potentially
deteriorating U.S.-Russia relations, including, without limitation, over a
conflict related to Ukraine, including a risk of further U.S. government
sanctions or other legal restrictions on U.S. businesses doing business in
Russia. Additional factors that could cause actual results to differ materially
from those expressed or implied in the forward-looking statements can be found
in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q
and current reports on Form 8-K filed by Net Element with the Securities and
Exchange Commission. Net Element anticipates that subsequent events and
developments may cause its plans, intentions and expectations to change. Net
Element assumes no obligation, and it specifically disclaims any intention or
obligation, to update any forward-looking statements, whether as a result of new
information, future events or otherwise, except as expressly required by law.
Net Element
+1 (786) 923-0502
media@netelement.com
Source: Net Element, Inc.
-------------------------------------------------------------------
About Net Element, Inc.:
Welcome to Net Element
A technology-driven group specializing in mobile payments and value-added
transactional services.
The company is strategically positioned for growth in emerging countries and the
United States.
Who we are
Net Element (NASDAQ: NETE) is a global technology-driven group specializing in
mobile payments and value-added transactional services. The company owns and
operates a global mobile payments and transactional processing provider, TOT
Group, Inc. ("TOT Group"). TOT Group companies include Unified Payments,
recognized by Inc. Magazine as the #1 Fastest Growing Company in America in
2012, Aptito, a next generation cloud-based point of sale payments platform,
Restoactive, a seamless digital add-ons for legacy POS systems, Digital
Provider, a leading provider of SMS messaging and mobile billing solutions, and
Payonline, fully-integrated, processor agnostic electronic commerce platform.
Our Team
Each of our corporate officers brings a unique blend of leadership, vision,
experience and creative energy to the company.
Oleg Firer - Chief Executive Officer and Director
As Chief Executive Officer at Net Element, Mr. Firer is responsible for the
overall vision, strategy and execution of company's mission of powering global
commerce. Before taking on his current position, Mr. Firer served as Executive
Chairman of Unified Payments and has led the company from its inception until
its acquisition by TOT Group in April of 2013. Under his leadership, Unified
Payments' revenues grew by 23,646% over 3 year period and the company was ranked
as #1 fastest-growing company by Inc. Magazine in 2012. Prior to Unified
Payments, Mr. Firer held senior executive positions in private equity, payment
processing, wireless communications and technology companies. Mr. Firer was
recognized by Forbes as one of the 5 Incredible Enterpreneurs and by Business
Leader Magazine as a Top Enterpreneur in South Florida, named by Poder Magazine
as one of the Most Influential People in Miami and recognized by Inc. Magazine
as the founder of the fastest-growing private company in 2012. Mr. Firer serves
as a board member of Net Element, TOT Group's parent company and a member of the
Electronic Transactions Association (ETA) Mobile Payments, ISO Practices and
Risk, Fraud & Security committees. Mr. Firer supports the initiatives of the
Firer Family Charitable Foundation, the charitable family fund focused on
helping families and children in need.
Jonathan New - Chief Financial Officer
Mr. New has been Chief Financial Officer of the Company since October 2, 2012.
Mr. New was Chief Financial Officer of the Company’s predecessor, Net Element,
Inc., from March 10, 2008 until October 2, 2012. From 2001 to 2003, Mr. New was
Chief Operating Officer of Ener1, Inc. From 2004 until it was sold in 2006, Mr.
New owned and operated Wholesale Salon Furniture Corp.com, which imported and
distributed salon equipment. Thereafter, until joining Net Element, Inc., Mr.
New provided services to public companies on a variety of corporate accounting,
reporting and audit related issues. Prior to joining Ener1, Inc. in 2001, Mr.
New held controller and chief financial officer positions with companies
including Häagen-Dazs, Virtacon (a web development company), RAI Credit
Corporation and Prudential of Florida. Mr. New obtained his BS in Accounting
from Florida State University and began his career with Accenture. He is a
member of the Florida Institute of Certified Public Accountants and the American
Institute of Certified Public Accountants.
Steven Wolberg - Chief Legal Officer and Secretary
Steven Wolberg has been Chief Legal Officer and Secretary of Net Element since
April 16, 2013. Mr. Wolberg served in various capacities with Acies Corporation
from approximately January 2009 until December 2012, including as a consultant
from approximately January 2009 until October 2009, as a director from October
30, 2009 until December 2012 and as Chief Strategy Officer from March 1, 2010
until December 2012. Mr. Wolberg currently operates a solo law practice in
Newton, Massachusetts, Attorney Steven Wolberg, which he has operated since
January 1997. Mr. Wolberg served as Chief Counsel and Vice President of
Corporate Development for Mascot Networks in Cambridge, Massachusetts from
January 2000 to September 2001. Since September 1996, Mr. Wolberg has served as
president of Oakland Properties, Inc., a real estate development company. From
February 1993 to December 1994, Mr. Wolberg served as an attorney in the real
estate and corporate divisions of Brown and Rudnick in Boston, Massachusetts.
From March 1988 to November 1991, Mr. Wolberg was a partner with the law firm of
Jordaan and Wolberg in Johannesburg, South Africa. From January 1986 to February
1988, Mr. Wolberg was employed as an attorney with Goodman and North in
Johannesburg, South Africa. Mr. Wolberg also currently owns and serves as the
Managing Member of Prime Portfolios, LLC, which holds a private investment
portfolio of payment processing companies. Mr. Wolberg received his Bachelor of
Arts from the University of Witwatersrand in Johannesburg, South Africa, his
Bachelors of Laws from the University of Witwatersrand, in Johannesburg, South
Africa, and his Juris Doctorate from the New England School of Law in Boston,
Massachusetts. Mr. Wolberg is a member of the Massachusetts Bar Association.
Our Services
Our solution doesn't fit all. All the flexibility you need to keep up with your
customers.
MOBILE PAYMENTS
Accept payments anytime, anywhere. Our Mobile Payments app is available for most
devices.
VALUE-ADDED SERVICES
Cloud-based solutions that are built to increase productivity and enhance
revenue for our clients and partners.
MARKETING SOLUTIONS
From product reviews and recommendation engines to wish lists and product
comparisons we turn lookers into buyers.
BUSINESS ANALYTICS
We make it easy to monitor your business metrics, engage with your customers,
and compare your business to competitors, all in one dashboard.
Key products and services
Restaurant POS Solution
Aptito’s all-in-one iOS cloud based restaurant management and payment acceptance
solution offers the most complete package of features to bring food and beverage
industry into the new age. Our digital menus and kiosks offered on the iPad are
easy to customize and seamlessly integrate with our full-featured iPad based EMV
compliant Point-of-Sale (POS) system and iPhone app. It’s never been easier to
interact with your customers, manage your restaurant remotely, and flat out
increase your profitability
Retail POS Solution
Aptito’s cloud based Aptito Retail POS is available on iOS and Android mobile
devices, includes fully integrated cash drawer, receipt printer, barcode
scanner, barcode printer, scales, self-service fast-track system and EMV
complaint bankcard acceptance terminal with ability to accept Apple Pay &
Android Pay. Aptito Retail is available with local server, which allows our
merchants to always remain online, even if the Internet connection to the cloud
is lost. Our local server solution is automatically synchronized with cloud,
providing 99.99% uptime
Mobile POS Solution
Unified Payments Mobile POS provides small businesses with seamless and secure
mobile payment acceptance without investment into expensive and complicated
hardware or software. Unified Mobile POS packs all functionality that merchants
will ever need in a neat and easy to use interface. It can be used for a simple
payment acceptance, which takes seconds, or you can use product inventory to
build an order and record customer details for future use. Supplied bankcard
reader is EMV compliant.
Retail Payments Solutions
Every second of every day, Unified Payments makes payment transactions secure,
fast and easy for our merchants and their customers. Our clients can accept Visa
®, MasterCard ®, AMEX ®, Discover ®, debit and gift cards, Apple Pay ® with
variety of state-of-the-art EMV complaint POS solutions and terminals with NFC
capability. Our free gift and loyalty card solution helps our merchants to
engage their customers, drive sales
and
increase customer loyalty with personalized incentives.
Reports And Analytics
Unified Payments Insights is an online business dashboard that gives merchants a
360 degree view of their business. With UP Merchant Insights, merchants are able
to compare current revenue, online reputation, and social media activity to
their past performance and similar businesses in their area. They can also see
what their customers are saying about their business across Yelp, TripAdvisor,
Foursquare, OpenTable, Facebook, Twitter and many more all in one simple, easy
to use dashboard.
Sales Partner Solution
Sales Central is our comprehensive back office solution for Independent Sales
Organizations. Our merchant underwriting and boarding process is seamless and
paperless. Our ISOs are equipped with merchant pricing, residuals calculation
and risk management modules, which take care of most of their day-to-day
operations. Our ISOs can manage your profit by using multi-level, single-click,
drill-down navigation to pricing, detail, summary and statement information.
Mobile Transactions Solution
Digital Provider is a mobile payment processor and mobile commerce provider that
facilitate the payment, aggregation and distribution of mobile transactions. Our
clients include wireless carriers, content providers and merchants. We offer the
most profitable rates, broad array of settlement or clearing settlement on any
working day on a client's request, as well as a flexible interface that allows
projecting and creating any kind of SMS or WAP services
Online Payments Solution
Payonline provides a wide range of value-added solutions utilizing our
fully-integrated, processor agnostic electronic commerce platform that
simplifies complex enterprise online transaction processing challenges from
payment acceptance and processing through risk prevention and payment security
via point-to-point encryption and tokenization solutions. Our proprietary
software-as-a-service (“SaaS”) suite of solutions for electronic and mobile
commerce gateway and payment processing platform is compliant at Level 1 of
Payment Card Industry (“PCI”) Data Security Standards (“DSS”)
.SOURCE: http://www.netelement.com
Disclaimer
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This release contains "forward-looking statements" within the meaning of Section
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