Net Element's Unified Payments Launches "Fast Pass Funding", a Same-Day Funding Service
April 05 2018 - 9:24AM
InvestorsHub NewsWire
Net Element’s Unified Payments Launches “Fast Pass Funding”, a
Same-Day Funding Service available through its proprietary Netevia
Platform
Unified Payment’s merchants can now receive funding within hours
during the same business day
Miami, FL -- April 05, 2018 -- InvestorsHub NewsWire --
Net Element, Inc. (NASDAQ: NETE) (“Net
Element” or the “Company”), a global technology and value-added
solutions group that supports electronic payments acceptance in an
multi-channel environment including point-of-sale (POS), e-commerce
and mobile devices, today announced that its Unified Payments
subsidiary has launched “Fast Pass Funding”, a same-day funding
service through its
proprietary Netevia platform.
Fast Pass Funding allows eligible merchants to receive funding
in as little as 3 hours during regular business days. This is
a significant improvement over the previous average funding times
of 12 to 24 hours. Fast Pass Funding is also available to
merchants using Aptito, Net Element’s proprietary cloud-based
restaurant POS and management system. Fast Pass
Funding is one of the many value-added services being
delivered to merchants through the Netevia platform.
Additional value-added services include fast, easy merchant account
opening and integration, payment conversion optimization, more than
150 risk monitoring filters and a very competitive pricing for
payment acceptance services.
“We are pleased to take advantage of the latest capabilities
provided by our new Netevia platform and we are excited about the
additional upcoming features this platform will bring to us this
year,” commented Vlad Sadovskiy, President of Integrated Payments
for Net Element.
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, our 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 we were
recognized by South Florida Business Journal's as one of 2016's
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 Fast Pass same-day
funding service will positively impact the Company or
whether the contemplated additional features on the Netevia
platform will materialize. 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
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