Every
industry on the planet has its individual challenges and needs; there’s always
room for new innovations that either enhance an existing technology or fill an
unmet need. Net Element has built its business model around this concept,
funneling its specific expertise toward value-added products and services that
enable merchants to streamline their business and ultimately grow corporate
value.
From
mobile payments and cloud-based value-added services to marketing solutions and
business analytics, Net Element’s offerings are facilitated by its TOT Group
division, a global mobile payments and transactional processing provider
comprised of a sub-group of wholly owned companies: Unified Payments, Aptito,
and TOT Money.
Unified
Payments offers credit and debit card-based payment processing services
–including the ability to accept Apple Pay – and was recognized by Inc.
Magazine as the No. 1 Fastest Growing Company in America (2012) thanks to the
company’s astounding three-year growth rate of 23,646.3% between the years of
2008-2011. Today, Unified Payments annually processes $10 billion worth of
transactions for 100,000 merchants.
At
the heart of Unified Payments is Net Element’s proprietary Payment Browser
technology, which offers merchants a flexible, cost effective, secure and
reliable payment alternative. It delivers end-to-end processing from card swipe
or key-entered transaction to processor authorization. Merchants, processors,
software developers, value-added resellers and sales organizations benefit from
the cost savings, simplicity and security this payment solution offers.
Aptito
is a next-gen, cloud-based iPad point-of-sale system and business management
software designed to give restaurants the tools to reduce payroll costs,
improve efficiency, and increase customer satisfaction. The system includes
point-of-sale and table management, kiosk, digital menu, mobile point-of-sale,
online ordering modules, and integrated payment card processing. The
cloud-based aspect of the technology enables restaurant owners and managers to
access the system from any location using any web browser to review
comprehensive reports, adjust menus, pricing, set up happy hours, and manage
inventory, personnel, wages and tips allocation.
Aptito’s
backend reports are combined with Unified Payments’ Insights analytics
solutions to help owners and managers make educated decisions on how to improve
their sales, attract customers during low occupancy hours, and monitor
restaurant reputation and social media reviews. Aptito was named a silver
winner in the Most Innovative Product of the Year – SMB category in Best in Biz
Awards 2014.
TOT
Money provides wireless carriers, content providers and merchants a broad array
of mobile payment options. With this technology, customers can charge their
purchases directly to their mobile bill using their telephone number – no
credit card or banking information is required. TOT Money is applicable to SMS
advertisements, banking, public bulletin boards and message boards, dating
services, social networks, peer-to-peer transactions, affiliate programs and
more.
Additional
security features include verification of a user’s uniqueness for preventing
fraud, automatic registration via SMS with defined code to the short number
with token value (for example, 10 cents). Arranging of password recovery by
means of SMS to shortcode number is also available.
Global
commerce and peer-to-peer transactions are increasingly digital. Statista
reports that worldwide mobile payment volume in 2012 at $163.1 billion and is
expected to soar to $721.4 billion in 2017. As the mobile payments industry
continues to rapidly evolve, Net Element uses its combined innovations and
specific market expertise to identify and create solutions for unmet needs due
to rapid proliferation and advances in the mobile payments and restaurant
industries.
For
more information, visit www.netelement.com
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MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html
