Net Element, Inc. (NETE)

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Postby QualityStocks » Mon Sep 26, 2016 12:02 pm

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Re: Net Element, Inc. (NETE)

Postby QualityStocks » Wed Nov 02, 2016 3:44 pm

Net Element, Inc. (NETE) Offering Reliable High-tech Payment Solutions to Worldwide E-commerce Enterprises

The payments industry is changing rapidly, with a growing number of users opting to pay for services or merchandise online or via mobile apps. This tendency has led to the emergence of thousands of companies dedicated to facilitating these payments for both the customers and the merchants. As more and more such businesses appear, there is growing concern for the quality and reliability of payment processing services, as well as for security of payment information.

According to a Business Insider report (http://dtn.fm/AW6oF) that takes an in-depth look at the current payment processing ecosystem, 2016 is a busy year for payments companies, as they focus on improving security of information, expanding their mobile service offerings, and building ecommerce capabilities designed to motivate consumers to continue making purchases digitally. It is expected that the volume of mobile payments will grow at a very fast rate in the U.S. and worldwide, being likely to reach $3 trillion by 2021.

In this vast landscape, a company such as Net Element, Inc. (NASDAQ: NETE) easily stands out for its versatility and dedication to offering value-added transactional services and high-quality mobile payment options to the global market. The company has several subsidiaries offering various payment processing solutions, ranging from comprehensive payment processing services for the retail industry to SMS messaging and mobile billing solutions or cloud-based point of sale platforms for the restaurant and hospitality industry. One of the most complex payment options comes from Net Element’s PayOnline subsidiary – a fully integrated e-commerce platform serving enterprises all around the world.

PayOnline, with offices in Russia and the Republic of Cyprus, was set up in 2009 as a dedicated provider of flexible, high-tech payment solutions customized for websites and mobile apps. The company is currently providing services to more than 3,000 companies in regions such as Eastern and Western Europe, the Commonwealth of Independent States, Central Asia, Asia Major and North America. Dedicated to providing the most reliable service and maximizing its customers’ volume of successful transactions, PayOnline takes the time to study and understand its merchant clients’ business needs and to provide them with payment solutions that are entirely consistent with their main objectives.

The company also offers modern payment technologies such as person-to-person, recurrent payments and one-click payments, as well as technologies for mobile commerce matching all the major operating systems, including Android, iOS and Windows. With multi-channel support of customers and payers, PayOnline is designed to process payments by credit card, e-Wallets or MasterPass.

For more information, visit www.NetElement.com
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Re: Net Element, Inc. (NETE)

Postby QualityStocks » Tue Nov 08, 2016 4:47 pm

Net Element, Inc. (NETE) Announces Launch of Unified Payments Gift Card Application

Before the opening bell, Net Element, Inc. (NASDAQ: NETE) announced the launch of its proprietary gift card application for smart payment terminals. The United Payments gift card application, which made its initial debut last month at the Money 2020 event in Las Vegas, offers small and medium-sized businesses an intuitive way to provide a full suite of gift card-related services to customers, including issuance of new cards, adding value to cards, transferring value between cards, accepting payments using gift cards and checking card balance.

Building on Net Element’s existing omni-channel gift and loyalty platform, the Unified Payments gift card application is fully integrated with “terminal” and “register” applications marketed by leading merchant services provider Poynt. It can also be integrated with any other payment acceptance application developed using Poynt’s payment framework.

“We are pleased to introduce this new software application for smart payment terminals just in time for the 2016 holiday season,” Oleg Firer, chief executive officer of Net Element, stated in this morning’s news release. “In less than a month, and in close cooperation with our partners, our software engineers were able to successfully design, program and test the application on Poynt’s smart payment terminal… Our Unified Payment gift card application is available to all sales partners and merchants nationwide.”

Net Element’s newest application offers numerous benefits for employees, merchants and customers. The application’s intuitive interface can be implemented without any additional training for cashiers, and management has the means to oversee all gift card transactions through Poynt’s smart payment terminal large screen display and online through Net Element’s SalesCentral reporting system. For merchants, the Unified Payments gift card program offers a flexible method to securely increase cash flow by boosting brand awareness while promoting sales and encouraging impulse purchasing.

Just last year, a report by a contributor to CreditCards.com published by Nasdaq (http://dtn.fm/tkTT1) highlighted the widespread popularity of gift cards and other prepaid debit cards. According to the report, the number of payments made with prepaid cards rose 18.5 percent annually from 2006 to 2012, marking the fastest growth rate of all types of payments during that timeframe. Net Element’s decision to launch the Unified Payments gift card application ahead of the holiday season could also prove to be extremely prudent. According to the National Retail Federation, gift cards were the most requested holiday gift item in 2015 for the ninth consecutive year, and all signs point toward a continuation of this trend in 2016.

For more information, visit www.NetElement.com
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Re: Net Element, Inc. (NETE)

Postby QualityStocks » Wed Nov 09, 2016 4:25 pm

Net Element, Inc. (NETE) Staying Up-To-Date with Point-of-Sale Industry Trends

Every year, new predictions are published regarding the point-of-sale industry. Optimus Information published an article entitled “5 Point-of-Sale Industry Trends for 2016” (http://dtn.fm/6IyCq), which highlighted some predictions for the past year. These included the growth of cloud-based point-of-sale, people using more tablet point-of-sale systems, the strength of mobile point-of-sale, the ability for full integration with business analytics thanks to new point-of-sale systems, and the acceleration of e-pay and chip card payments.

This year saw an emergence of new cloud-based systems cutting down the use of expensive, proprietary, and hard-to-maintain hardware and software. This phenomenon has allowed merchants to cut out high up-front costs, software issues, and upgrade costs. Not only this, cloud-based point-of-sale systems have given business owners the chance to access their new systems more conveniently from their mobile devices.

However, it is not just the ease of use and lower costs that make cloud-based point-of-sale systems more popular. One of the most important reasons for the adoption of these new systems is the full integration with business analytics and decision processes. This means that data compiled about customers can be integrated with not only the financial side of the business but also business development and marketing functions within the organization.

Another predicted trend that has grown this year is the use of mobile point-of-sale. Mobile point-of-sale systems incorporate customer devices so that they can make a purchase decision on their device without going to a specific location. With this in mind, companies worldwide are adapting their point-of-sale systems to suit growing customer trends.

Net Element, Inc. (NASDAQ: NETE), a technology driven company that specializes in the emergence of mobile payments and value-added transactional payments, has stayed up-to-date with these emerging trends, allowing it to position itself for growth in the United States. The company’s key products include restaurant, retail, and mobile point-of-sale solutions; retail payment solutions; mobile transaction solutions; and reports and analytics.

The company wants to enable global commerce, driving transactions through all channels. NETE’s solutions are tailored to its clients in order for them to keep up with their customers’ needs. Services they offer include mobile payments, marketing solutions, and business analytics.

For more information, visit www.NetElement.com
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Re: Net Element, Inc. (NETE)

Postby QualityStocks » Tue Nov 15, 2016 5:12 pm

Net Element, Inc. (NETE) Reports 55% YOY Increase in Net Revenues for First Nine Months of 2016

Earlier today, Net Element, Inc. (NASDAQ: NETE) reported its financial results from the fiscal quarter and nine-month period ended September 30, 2016. Among the highlights, the company achieved year-over-year net revenue growth of 11 percent for the three-month period, recording $14,009,652. This performance was attributed primarily to organic growth in its North America Transaction Solutions segment. Through an emphasis on value-added offerings for small and medium-sized businesses, Net Element’s North America Transaction Solution segment was up 43 percent over the prior year, recording revenues of $3.4 million.

“Our results are a reflection of our ability to implement our business objectives in a dynamic environment,” Oleg Firer, chief executive officer of Net Element, stated in this morning’s news release. “We continue to be excited about our strategic initiatives for the remainder of the year.”

For the first nine months of 2016, Net Element achieved overall net revenue growth of 55 percent, as compared to the same period in 2015, driven by strong organic growth across its North America Transaction Solution segment, as well as its mobile and online solutions segments. Revenue from the company’s North America Transaction Solution segment was up 53 percent through the first nine months of the year to $29.4 million. Likewise, net revenues from Net Element’s mobile solutions segment were up 43 percent year-over-year, while its online solutions division posted a 92 percent increase in net revenues over 2015.

Net Element’s strong growth hasn’t gone unnoticed. Earlier this year, the company was recognized as one of the South Florida Business Journal’s Top 25 Fastest-Growing Technology Companies. Setting the stage to build on this performance, Net Element has continued to expand its presence in the mobile and online payments space in recent months. In late September, the company announced that wholly-owned subsidiary PayOnline had signed an agreement with Dunkin’ Donuts (NASDAQ: DNKN) to enable payment acceptance for online ordering and delivery services for the chain’s Russian locations. Weeks later, Net Element’s PayOnline subsidiary entered an agreement with ExLine, Kazakhstan’s market leader in courier services, to enable online payment acceptance.

The company’s management team will be discussing these milestones, as well as Net Element’s newly-released financial results, in a conference call on November 15, 2016 at 8:30 AM ET. To access the call, investors should dial +1 (877) 303-9858 (or for international callers +1 (408) 337-0139) and reference the password 18929736. For those unable to attend the call, a recorded replay will also be made available on Net Element’s investor relations website at www.netelement.com/en/ir.

For more information, visit www.NetElement.com
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Re: Net Element, Inc. (NETE)

Postby QualityStocks » Tue Nov 15, 2016 5:20 pm

Net Element, Inc. (NETE) – Understanding the Importance of Business Intelligence

According to a report published by Econsultancy (http://dtn.fm/0S0Wa), “The vast majority (84%) of marketers agree that their understanding of the customer is increasing over time, and 64% say that they are using data-driven customer insights to adapt their marketing strategies and influence business decisions.”

As a result, companies around the world are now adopting more in-depth business intelligence techniques. There has been a steady rise in the importance of data analytics to organizations of all kinds. According to Forbes (http://dtn.fm/sABs4), the U.S. Bureau of Labor Statistics report showed that the job market for data analyst disciplines is increasing by approximately 27% every year.

Aside from the rise of data analyst jobs, companies such as Net Element, Inc. (NASDAQ: NETE) are offering business analytics in the form of software as part of their services. The global technology-driven group specializes in mobile payment solutions, but also offers reports and analytics solutions, giving clients a 360 degree view of their businesses. The aim of this service is to make monitoring a business easier with an all-in-one dashboard.

But it’s important to understand why business analytics has become so imperative. Virtually any business of any size can benefit from business intelligence software. With analytics software, businesses can pull together data and create reports, freeing up resources and allowing employees to be more productive while also working toward clearer goals.

In addition to boosting productivity and enabling team members to understand company goals in more depth, data analytics, or business intelligence, allows companies to better understand their target audiences by gaining insight into customer behavior. Through gathering and understanding this data, organizations are able to turn it into actionable information, which in turn will help increase sales and marketing intelligence.

NETE’s reports and analytics service, Unified Payments Insights, is an easy way for businesses to monitor their business metrics and undertake competitor analysis. Net Element’s all-in-one dashboard allows merchants to compare current revenue, social media activity, and online reputation (on website such as TripAdvisor, Yelp, Foursquare, and others) to their past performance.

For more information, visit www.NetElement.com
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Re: Net Element, Inc. (NETE)

Postby QualityStocks » Wed Nov 16, 2016 5:14 pm

Net Element, Inc. (NETE) Evaluated in Zacks Small-Cap Research Report

Earlier this week, Zacks Small-Cap Research issued a new report on Net Element, Inc. (NASDAQ: NETE). The report focused on the company’s recently released third quarter financial results, which, in addition to including an 11 percent year-over-year increase in net revenues, showed positive adjusted EBITDA for the second consecutive quarter. Zacks studied Net Element’s competitors and determined that the average valuation for companies operating in the payments space totaled roughly 7.5 times the enterprise value to trailing 12-month gross margin. Applying this multiple to Net Element’s trailing 12-month gross margin, Zacks forecast that NETE stock could be worth $4.18 per share if the company were profitable.

To view the full Zacks report, visit http://dtn.fm/Q3dGt

Despite GAAP losses resulting from the resolution of payments due for PayOnline, Zacks analysts remain optimistic regarding the company’s overall performance. Notably, the largest component of Net Element’s revenues, U.S. card processing services, has continued along its upward trajectory. The company recorded growth of 42.9 percent to $11.2 million through its domestic operations, with overseas business accounting for revenue declines through both mobile payments and PayOnline. Net Element didn’t provide a clear explanation for the 56 percent revenue shortfall in mobile payments, but the drop off in PayOnline revenues was directly attributable to the discontinuation of payment processing services for foreign currency dealers. Zacks notes that without these two international businesses, Net Element would be growing organically at a rate of more than 50 percent year-over-year and profitable.

Since the end of the third quarter, Net Element has made progress toward increasing its forward revenue through its PayOnline subsidiary. In October, the company announced an agreement between PayOnline and ExLine, the market leader for courier services in Kazakhstan, to enable online payment acceptance through the development of a custom payment solution. On the domestic front, Net Element recently announced that its proprietary Unified Payments gift card application for smart payment terminals is now available nationwide.

With all of these factors in mind, Zacks forecast that Net Element could grow to $55 million in revenues in 2016 through a combination of internal growth, strategic acquisitions and change in revenue recognition. The research report goes on to claim that the company’s PPS “could rise to $7.30 next year using 2016 estimated gross margin of $10.6 million and a share count of 17 million shares.”

For more information, visit www.NetElement.com
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Re: Net Element, Inc. (NETE)

Postby QualityStocks » Tue Nov 22, 2016 4:52 pm

Net Element, Inc. (NETE) Announces Partnership with Oldest Bank in the United Arab Emirates

Before the opening bell, Net Element, Inc. (NASDAQ: NETE), through subsidiary Net Element FZ, LLC, announced its entry into a new agreement with Mashreqbank, a leading financial institution operating in the United Arab Emirates that’s recognized as one of the most innovative banks in the Gulf Region. Under the terms of the agreement, Net Element will provide a number of transaction services to Mashreqbank, including transaction clearing, draft capture and settlement of bankcard transactions across multiple currencies, as well as full integration of its proprietary Internet Payment Gateway and risk management services.

“We are excited about our partnership with the award-winning Mashreqbank, UAE’s leading financial institution,” Suresh Menon, chief executive officer and managing director of Net Element FZ, LLC UAE, stated in this morning’s news release. “Under this agreement, Net Element will launch its merchant acquiring in the UAE as part of its government payment processing solutions offering.”

News of the Mashreqbank agreement continues to build on Net Element’s recent progress toward expanding its presence in international markets. In late September, the company’s PayOnline subsidiary entered an agreement with Dunkin’ Donuts (NASDAQ: DNKN), one of the world’s most recognizable coffee brands, to enable payment acceptance for online ordering and delivery services at the chain’s Russian locations. Weeks later, PayOnline achieved another milestone when it announced an agreement with ExLine, Kazakhstan’s market leader in courier services, to enable online payment acceptance for more than 50,000 customers.

Net Element’s recent growth on the international stage has positioned the company to build on its strong financial performance, which included an 11 percent year-over-year increase in net revenues during the third quarter of 2016. With these results, Net Element has now recorded nearly $39 million in net revenues during the first nine months of this year, marking an increase of 55 percent from its 2015 totals.

This revenue growth was attributed largely to the company’s North America Transaction Solution segment, which continues to boast organic growth of SMB merchants through an emphasis on value-added offerings. For the nine-month period ended September 30, 2016, this segment accounted for revenues of $29.4 million, a 53 percent increase over the prior year. Likewise, the company’s remaining segments, Mobile Solutions and Online Solutions, recorded year-over-year net revenue increases of 43 percent and 92 percent, respectively, during the first nine months of 2016. Capping off the financial highlights, Net Element’s adjusted EBITDA for Q3 2016 was $196,000, up from $83,000 in Q2. This was the company’s second consecutive quarter of positive adjusted EBITDA.

For more information, visit www.NetElement.com
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Re: Net Element, Inc. (NETE)

Postby QualityStocks » Thu Nov 24, 2016 8:31 am

Net Element, Inc. (NETE) Has Its Fingers in Many Online & Mobile Payment Pies

There is a palatable plate of pies in the online and mobile payments food chain, and Net Element, Inc. (NASDAQ: NETE) is a company with its fingers in many of those. According to industry analysts Euromonitor, global e-commerce sales are set to reach $1.2 trillion this year, up from $1.0 trillion in 2015. Continued growth is widely anticipated. The forecasts for 2017 and 2018 are $1.4 trillion and $1.6 trillion, respectively, and at present, mobile e-commerce business comprises about a quarter of those figures.

In addition, the global point-of-sale terminals market is, according to Grand View Research (http://dtn.fm/Kekl2), ‘expected to reach USD 113.27 billion by 2024’, with mobile point-of-sale accounting for about three-quarters of that segment. Those are awfully large pies for the taking, and global technology-driven company Net Element, specializing in mobile payments and value-added transactional services, is laying the table with a smorgasbord of products for retailers and consumers alike.

Net Element’s transactional services business has been doing particularly well. A report from Zack’s Small-Cap Research (http://dtn.fm/bWD83) detailed that revenues from the company’s ‘US card processing services, grew a healthy 42.9% from $7.8 million to $11.2 million– all internally’ during the third quarter of 2016. Revenues for the nine months to September 30, 2016, were $29.4 million, representing 76 percent of total revenues.

The transactional services business enables merchants to accept credit cards, debit cards, gift cards, checks, loyalty programs and alternative payment methods. And both traditional card-present or swipe transactions and card-not-present transactions, such as those conducted over the phone, through the Internet or on a mobile device, can be accommodated.

The mobile payments business, operating under the subsidiary Digital Provider, LLC, recorded sales of $5.0 million for the nine months to September 30, 2016. Digital Provider offers carrier-integrated mobile payments solutions over an extensive geographic coverage capitalizing on Net Element’s existing relationships with mobile operators.

Net Element’s PayOnline transactional gateway services had revenues of $4.5 million for the nine months to September 30, 2016. This Net Element division provides flexible high-tech payment solutions to companies doing business on the Internet or in the mobile environment and specializes in integration and customization of payment solutions for websites and mobile apps. Presently, PayOnline is focused on providing online and mobile payment acceptance services to the travel industry through direct integration with a number of leading Global Distribution Systems, such as Amadeus and Sabre.

Net Element has also developed, Aptito, a unique restaurant point-of-sale product that aims to use mobility to give managers and staff greater control. The Aptito iOS cloud-based platform offers a comprehensive array of management and payment services specially designed for the food and beverage industry. Aptito features digital menus (instead of traditional laminated paper stock ones), mobile point-of-sale (no running back and forth between tables and counter) and a Mobile Communicator that allows wait staff to send orders directly to the bar or kitchen. Aptito will reduce the time and energy wait staff expend going in person from diners to kitchen and back, undoubtedly improving customer service.

The Zacks report paints a rosy future for Net Element, setting a valuation based on 7.5 times the enterprise value to trailing 12-month gross margin. This indicates the stock could be worth $4.18 if it were profitable, rising ‘to $7.30 next year using 2016 estimated gross margin of $10.6 million and a share count of 17 million shares’.

For more information, visit www.NetElement.com
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Re: Net Element, Inc. (NETE)

Postby QualityStocks » Tue Nov 29, 2016 3:37 pm

Net Element, Inc. (NETE) Selects Conformance Technologies as Preferred Provider for Data Compliance Solutions

Before the opening bell, Net Element, Inc. (NASDAQ: NETE) announced its selection of Conformance Technologies, a fast-growing provider of operating systems, education systems and expertise used in managing business compliance requirements, as its preferred provider for data compliance solutions. Moving forward, Net Element will be offering Conformance’s patented PCI ToolKit solution for Payment Card Industry Data Security Standard merchant portfolio assessments in a number of languages, including Chinese, English, Russian and Spanish. The company and its merchant clients will also have access to the Cyber Attack Readiness ToolKit™ and InConRadar™ toolsets, which allow for primary account number scanning and real-time website monitoring of prohibited card brand acceptance activities.

“The integrated compliance-related solution set with the flexibility to handle multiple languages made partnering with Conformance Technologies a very easy decision for us,” Oleg Firer, chief executive officer of Net Element, stated in this morning’s news release. “Their solutions provide us with a revenue opportunity, while making painful and costly compliance activities understandable and affordable for our diverse customer base.”

Since its founding as a payments consultancy and PCI compliance firm in 2003, Conformance has evolved to establish itself as a leading provider of automated compliance and sensitive data protection systems and services. Today, Conformance provides its compliance solutions to more than 300,000 small and medium-sized business end-users operating both domestically and abroad.

Net Element’s selection of Conformance Technologies continues to build on what has been an eventful month for the payments company. In an update highlighting its financial results for the third quarter ended September 30, 2016, the company announced an 11 percent year-over-year increase in net revenues driven primarily by organic growth through its North America Transaction Solutions segment. Additionally, Net Element recorded its second consecutive quarter of positive adjusted EBITDA. In a news release, Firer added that the results are a reflection of Net Element’s “ability to implement [its] business objectives in a dynamic environment.”

Last week, the company took a step toward building on this financial growth through the announcement of a new partnership with Mashreqbank, a leading financial institution operating in the United Arab Emirates. Through this agreement, Net Element will provide transaction clearing, draft capture and settlement of bankcard transactions in multiple currencies, as well as full integration with its Internet Payment Gateway and risk management services.

For more information, visit www.NetElement.com
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Re: Net Element, Inc. (NETE)

Postby QualityStocks » Wed Nov 30, 2016 3:16 pm

Net Element, Inc. (NETE) Aims for the Millennial Generation and Beyond

Millennials, or ‘digital natives’, make up the generation of consumers on which many industries have focused their efforts for the past five to 10 years. According to the U.S. Census Bureau (http://dtn.fm/6pKt4), millennials are generally 18 to 35 years old and, with over 75 million members, represent the largest generation group. As a generation, they have a huge impact on the technology of our world, as they are the first generation to have always known the Internet.

The millennial generation plays a critical role in leading the adoption of consumer technologies. This is one of the key reasons that professionals from a number of industries watch millennials to better recognize social and consumer behavior changes that are to come. Most recently, mobile payment technology has taken center stage, with many wondering whether or not this new type of payment method is here to stay.

According to Business Insider (http://dtn.fm/ppR7u), approximately 45% of 1,000 millennials surveyed have made a mobile payment of some sort, compared to just over 25% of adults aged 35 and older. The article continues to explain that mobile payments are expected to grow at a compound annual growth rate (CAGR) of 80% to over $500 billion from now until 2020. But, with ease of use and many retailers across the country adopting these new payment methods, why are the numbers not higher? The answer appears to center on concerns about security.

According to results from marketing campaigns focused on the security surrounding mobile payments, over 70% of the people who have not adopted mobile payments stated that security was the primary reason they have not used this payment method. According to The Financial Brand (http://dtn.fm/aNT4l), research found that 47% of mobile payment users stopped using the system due to concerns over losing financial data because they were worried the network itself was not safe. In addition, over 50% of users who tried the systems once or twice were more likely to stop because of security concerns.

With this in mind, many companies are making efforts to ensure their solutions are more secure than ever. Net Element, Inc. (NASDAQ: NETE), a global technology-driven group specializing in mobile payments and value-added transactional services, offers a number of point-of-sale solutions, including its mobile point-of-sale solution, Unified Payments. Unified Payments mobile point-of-sale provides businesses with seamless and secure mobile payment acceptance without making huge investments in complicated software and hardware.

The company also offers its online payment solution, PayOnline. PayOnline provides businesses with a variety of value-added solutions that simplify complicated enterprise online transaction processing challenges. These include accepting payments, risk prevention, and secure payments, thanks to its point-to-point encryption and tokenization solutions. NETE works toward making payment processes more convenient through mobile solutions that are not only easy to use but secure for both consumers and businesses.

For more information, visit www.NetElement.com
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