Wednesday, September 17, 2014

Net Element, Inc. (NETE) to Bring Apple Pay to Merchants

Net Element today announced its plan to integrate Apple® services into its point-of-sale payment acceptance hardware and software. This development will enable Net Element merchants to accept Apple Pay from customers and will equip customers with a new way to pay at point-of-sale using their Apple® iPhone 6, Apple® iPhone 6 Plus, and Apple® Watch devices.

When Apple Pay becomes available, users will be able to add their credit card to the application. Places where Apple Pay can be used will be denoted by a telltale, universal contactless acceptance symbol. Anywhere it is present, people will be able to use their Apple® device to pay in person without any physical use of their credit card. They will also be capable of making online purchases with their Phone 6 and iPhone 6 Plus with participating retailers. Additionally, purchases will be 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.”

For more information, please visit: www.netelement.com


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