Monday, April 30, 2018

Net Element’s (NASDAQ: NETE) Multi-Channel Platform Offering Simplified End-to-End Payment Processing, Integration

  • Netevia offers full integration with all major platforms, with the possibility of expanding compatibility in the future
  • Instant onboarding, three-hour funding time, enhanced security and payment conversion optimization are among platform’s main features
  • Platform further solidifies Net Element’s position as a leading provider of innovative and disruptive payment solutions
Currently at the strongest financial position in its history after a highly successful 2017, global technology and value-added solutions group Net Element, Inc. (NASDAQ: NETE) is moving forward with its goal of simplifying global commerce and payments through proprietary multi-channel platform Netevia (http://nnw.fm/4xOGd).
Launched earlier this year, Netevia is a future-ready multi-channel platform designed to serve as blueprint and set of tools for global commerce and monetization by simplifying and connecting payment across different sales channels via a single integration point. Offering end-to-end payment processing services through easy APIs, the platform was designed by developers with developers in mind, according to Net Element Chief Technology Officer Andrey Krotov, and includes SDKs and sandbox for testing, offering all the building blocks and features needed to integrate payment acceptance into virtually any e-commerce solution.
Netevia is fully integrated with all major platforms, allowing vendors to accept a wide range of payment methods in multiple currencies on any device. The platform is highly flexible, being continuously adjusted and expanded so as to enable the addition of new features and services as payment needs change. Recent or still in development features include free processing in exchange for data, integration with smart terminals for card present sales, gift card solutions to drive increased sales and repeat business and, last but not least, cryptocurrency payment processing for multi-channel transactions.
In addition to flexibility and vast platform compatibility, Netevia offers merchants multiple valuable features, including instant onboarding, same day settlement and funding and payment conversion optimization that can help vendors reach 99.2 percent conversion rates and higher revenues – everything available for a highly competitive price. The latest service, added to the platform in early April 2018, was Fast Pass Funding, which allows eligible merchants to receive funding in as little as three hours during business days, a massive improvement to the previous 12- to 24- hour waiting period. Netevia also provides state-of-the-art security and fraud prevention services via more than 150 risk monitoring filters, vaulting, tokenization and point-to-point encryption.
With a focus on supporting electronic payments acceptance in a multi-channel environment, including point-of-sale, e-commerce and mobile devices, Net Element is uniquely positioned to disrupt the payment processing industry. The group is currently in its best financial situation in history, after a successful year 2017 marked by an increase in revenues ($60.1 million from $54.3 million in 2016), an improved balance sheet of $11.3 million cash in hand and financial debt of $7 million at the end of the year, and a wide array of partnerships geared toward simplifying payments across multiple sales channels worldwide.
Net Element will continue to embrace and develop innovative payment processing technologies in its efforts to capitalize on the fast-growing e-commerce market, which is expected to more than double its value over the next three years and reach $4.88 trillion by 2021, from $2.3 trillion in 2017 (http://nnw.fm/A3xNh).
For more information, visit the company’s website at www.NetElement.com
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