SOURCE: Net Element, Inc.

Net Element, Inc.

August 07, 2017 08:30 ET

Net Element's PayOnline Launches Support for Electronic Commerce in the United States

Fully integrated global payment acceptance is now available through the centralized global platform

MIAMI, FL--(Marketwired - Aug 7, 2017) - Net Element, Inc. (NASDAQ: NETE) ("Net Element" or the "Company"), a global financial technology and value-added solutions group that supports electronic payments acceptance in an omni-channel environment spanning across point-of-sale (POS), e-commerce and mobile devices, today announces that its PayOnline subsidiary launched support for electronic commerce in the United States.

As one of the most versatile global online payment acceptance solutions in the industry, PayOnline's platform allows merchants to expand their business without limiting the way customers can pay.

PayOnline's API and SDK enables merchants to easily integrate payment solutions into their native environment. This agnostic solution is certified with most payment processing platforms in the United States including TSYS, First Data, Chase Paymentech, Global Payments, Elavon and many others.

Industry-Leading Features:

  • Multiple Payment Methods: In addition to online credit card acceptance, PayOnline supports 100+ payment methods in over 110 currencies for added flexibility;
  • Certified with Major Processors: PayOnline is certified with the major processing organizations in the United States and internationally;
  • Developer-Friendly: Easily integrate retail, pay at the table, or e-commerce solutions via robust and thoroughly documented API, code examples for multiple languages, plus SDKs for iOS and Android;
  • Security First: Industry-leading security features include P2PE, Tokenization, and additional solutions to keep cardholder data safe and secure without exposure to merchants' POS systems;
  • E-commerce and CMS integrations: PayOnline payment module is available on 23 of the most popular e-commerce and CMS platforms, and the list of supported platforms continues to grow.

"We are excited to bring PayOnline to the United States and look forward to expanding our value-added offerings for merchants," commented Vlad Sadovskiy, President of Integrated Payments for Net Element. "Our fully integrated offering allows merchants to have consolidated multiprocessor reporting capabilities. This solution has been successful abroad and we feel it will be successful in providing added value to merchants in the United States, resulting in a new revenue segment for our North America transaction solutions as well as expanding PayOnline's global reach."

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 U.S. and selected emerging markets. In the U.S. 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.

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Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the 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. These forward-looking statements include, without limitation, whether the new support offering for electronic commerce will be adopted by merchants in the United States or will be beneficial to the Company, whether Net Element can secure any additional financing and if such additional financing will be adequate to meet the Company's objectives. 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: (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 and the subsequently filed 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.

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