SOURCE: Net Element, Inc.

Net Element, Inc.

May 12, 2016 08:45 ET

Net Element's Unified Payments Launches Mobile Point of Sale for iOS

Merchants Can Interact and Transact With Customers Anywhere With Our Robust Mobile Processing and Analytics Tool

MIAMI, FL--(Marketwired - May 12, 2016) - Net Element, Inc. (NASDAQ: NETE) ("Net Element" or the "Company"), a provider of global mobile payment technology solutions and value-added transactional services, today announced that Unified Payments launched a mobile point of sale ("Mobile POS") application that allows for mobile transactions in a card present or card not present environment. The free app is available today by visiting the Apple iTunes App Store.

Unified Payments Mobile POS packs all the functionality that a merchant needs to accept payments in a neat and easy to use interface. It can be used for a simple payment acceptance, which takes seconds, or to manage product inventory and build orders with customer details for future use. Utilizing an EMV and NFC enabled card reader merchants can accept secure EMV chip-enabled or mobile Apple Pay transactions.

According to a report from 451 Research, the global installed base of Mobile POS devices is anticipated to quadruple from the 13 million devices in the market in 2015 to over 54 million units in 2019, a 32 percent compound annual growth rate.

"Our clients are looking for more ways to interact with their customers in a omni-channel environment," commented Vlad Sadovskiy, Unified Payments President of Merchant Services. "Unified Payments Mobile POS gives them that access and the tools they need in an effective mobile package."

Special Offer

Merchants using our application will get free access to merchant account reporting, accounting and analytics in addition to gaining a mobile payment solution. A variety of reporting tools along with easy to read and understand charts enable merchants to analyze their sales and improve performance. Bank account reconciliation has never been easier with our ACH transaction, deposit, retrieval and chargeback management reports. Integrated with Unified Payments Insights module, the business dashboard provides merchants with a 360-degree view of their business. Unified Payments Gift and Loyalty functionality is included in the mobile solution which enables small-to-medium size businesses to centralize their customer data from in-store, online, social and mobile channels. The data can be analyzed in real-time to create sophisticated customer segments and profiles for unprecedented customer understanding and outreach. The analysis is used to strategically develop powerful, personalized campaigns deployed across online, in-store, mobile, social, email and direct mail channels. 

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 we are growing 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 in 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

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 mobile point of sale application will be a successful initiative producing desired results for the merchants who use it, whether the mobile point of sale application will positively impact the Company's business, 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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