MIAMI, Sept. 17, 2014 /PRNewswire/ -- Net Element,
Inc. (NASDAQ: NETE) ("Net Element" or the "Company"), a
technology-driven group specializing in mobile payments and
value-added transactional services in emerging countries and in
the United States, today announces
it will integrate Apple® services into its point-of-sale payment
acceptance hardware and software, enabling Company merchants the
ability to accept Apple Pay from customers. This new service will
create a unique experience for customers who want to pay at the
point-of-sale using their Apple® iPhone 6, Apple® iPhone 6 Plus and
Apple® Watch devices.
When Apple Pay is available, customers can add their existing
cards to the Apple Pay application. Anywhere they see the universal
contactless acceptance symbol, customers can use the app on their
Apple device to pay in person without physically swiping their
card. Additionally, customers may use Apple Pay to make online
purchases in apps with participating retailers while using their
iPhone 6 and iPhone 6 Plus. Purchases are also protected by Zero
Liability, which reimburses customers for promptly reported
unauthorized transactions.
"With Apple Pay, an expected 60 million iPhone 6 and iPhone 6
Plus users will be ready to tap and pay anywhere contactless
payments are accepted," stated Oleg Firer, CEO of Net Element. "As
part of our strategy to best capitalize on this massive opportunity
and continue leading the mobile payment industry, we will be
offering a free NFC Contactless, EMV-enabled point-of-sale terminal
to merchants that upgrade to our Unified Payments service
offering."
About Net Element (NASDAQ: NETE)
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 transaction processing provider, TOT Group. TOT Group companies
include Unified Payments, recognized by Inc. Magazine as the #1
Fastest Growing Private Company in America in 2012; Aptito, a next
generation cloud-based point of sale payments platform; and TOT
Money, which has a leading position in Russia and has been ranked as the #1 SMS
content provider by Russia's
second largest telecommunications operator. Together with its
subsidiaries, Net Element enables ecommerce and adds value to
mobile commerce environments. Its global development centers and
high-level business relationships in the
United States, Russia and
Commonwealth of Independent States strategically position the
Company for continued growth. More 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 Net Element or its
business continues to grow. 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 that the U.S.
government may decide to impose 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.
SOURCE Net Element, Inc.