Net Element (NASDAQ: NETE), a global technology and
value-added solutions group, announced a partnership between the company’s
subsidiary Unified
Payments and VIP Systems to launch VIP Payments, a seamless payment
processing offering targeting the growing travel and hospitality industry. VIP
Systems is an advanced technology integrator in the hospitality industry that
is the preferred choice of Marriott International, Choice Hotels International,
Simon Property Group and Hotwire Communications among many others. Unified
Payments’ turn-key hospitality solution comprises of the necessities for
businesses to accept payments in a multi-channel environment, including online
and mobile solutions as well as the integration to Property Management Systems
(“PMS”) and fully integrated smart point-of-sale (“POS”) devices. In addition
to multi-channel payment acceptance and seamless integration to most industry
related software and POS solutions, benefits of VIP Payments will also include
multi-currency payments acceptance, online reporting and same-day settlements,
to name a few. “We are excited to partner with VIP Systems to launch seamless
payments acceptance for the travel and hospitality industry,” Vlad Sadovskiy,
president of integrated payments for Net Element stated in the news release.
“VIP Systems is a leading technology integrator with vast experience deploying
complex point of sale solutions for some of the biggest brands in the travel
and hospitality industry; adding payments to its offerings will create new
revenues for VIP Systems and enable us to create more guest-centric value-added
offerings.”
To view the full press release, visit http://ibn.fm/7kE5Y
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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