Global technology and value-added solutions group Net Element, Inc. (NASDAQ: NETE) this morning announced that its subsidiary, Unified Payments, has launched an intelligent payment solution for the meetings and events industry – a market that accounts for over $330 billion in annual direct spending, according to a recent report from The Events Industry Council. Per the update, the integrated payment solution enhances existing payment acceptance services with intelligent integration for point-of-sale systems, self-order kiosks, chargeback protection and multi-channel payment acceptance. “We are excited to provide the event management industry with fully integrated, feature rich payment acceptance solutions,” Vlad Sadovskiy, president of integrated payments for Net Element, stated in the news release. “Our capabilities have the potential to dramatically change the way event transactions are processed today.”
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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 using blockchain technology solutions and Aptito, the company’s cloud based, restaurant and retail point-of-sale solution. 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. Net Element was ranked as one of the fastest growing companies in North America on Deloitte’s 2017 Technology Fast 500™. In 2017, Net Element was recognized by South Florida Business Journal’s as one of 2016’s fastest growing technology companies. Further information is available at www.NetElement.com
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