Net Element Provides Payment Solutions for the 2015 College Football Playoff National Championship in Texas

MIAMI, March 9, 2015 /PRNewswire/ -- Net Element, Inc.'s (NASDAQ: NETE) Unified Payments subsidiary has provided the technical setup, support and credit card processing for the January 2015 College Football Playoff National Championship event in Dallas, Texas for the sale of merchandise. The Championship event attracted thousands of football fans, members of national media, and a star-studded lineup of entertainers. 

They say everything is bigger in Texas and football is no exception. Unified Payments setup a multi-location processing system in three days to process payments for events throughout College Football Playoff championship weekend.

Solutions provided by the Unified Payments' team included installing the payment processing system within 68,000 square feet of combined merchandise space, and setting up 24 registers, iPad based terminals, Bluetooth scanners and receipt printers in five separate sites to enable seamless, centralized inventory controls and replenishment, fast checkout, excellent customer service, and the ability to accept Apple Pay.

 "We are delighted with the successful project for College Football Playoff National Championship," says Net Element CEO Oleg Firer. "The Unified Payments team has provided full-cycle processing services from technical setup to processing and settlement in a reliable and efficient manner for key vendors during Championship Week in Dallas."

Unified Payments collaborated with partners from iConnect to ensure that payment transactions in the five separate locations functioned seamlessly.  Locations included Kay Bailey Hutchinson Convention Center, Gaylord Resort, Hilton Anatole, Omni Hotel, and Globe Life Stadium (Texas Rangers Park). 

With this high-profile event under wraps, the Company plans to deploy its solutions for similar events in the future.   "Net Element will actively pursue additional opportunities and events for which we can provide our competitively priced, on-demand, scalable, mobile, technologically advanced processing solution along with additional payment means such as Apple Pay, and extensive merchant analytics tools. Event processing is a new niche for us and we are very excited with this new business line and the opportunities it creates for us," says Firer. 

About Net Element

Net Element (NASDAQ: NETE) is a global technology-driven group specializing in mobile payments and value-added transactional services. The Company owns and operates a global mobile payments and transaction processing provider, TOT Group. TOT Group companies include Unified Payments; Aptito, a next generation cloud-based point of sale payments platform; and TOT Money, which has a leading position in Russia and has been ranked as the #1 SMS content provider by Beeline, Russia's second largest telecommunications operator. Together with its subsidiaries, Net Element enables ecommerce and adds value to mobile commerce environments. Its global development centers and high-level business relationships in the United States, Russia and Commonwealth of Independent States strategically position the Company for continued growth. More information is available at www.netelement.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as "continue," "will," "may," "could," "should," "expect," "expected," "plans," "intend," "anticipate," "believe," "estimate," "predict," "potential," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, whether Net Element or its business continues to grow,, whether the Company will be successful in procuring additional event-processing business, whether Net Element can secure any additional financing and if such additional financing will be adequate to meet the Company's objectives.  All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Net Element and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to: (i) Net Element's ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Net Element's ability to maintain existing, and secure additional, contracts with users of its payment processing services; (iii) Net Element's ability to successfully expand in existing markets and enter new markets; (iv) Net Element's ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Net Element's business; (viii) changes in government licensing and regulation that may adversely affect Net Element's business; (ix) the risk that changes in consumer behavior could adversely affect Net Element's business; (x) Net Element's ability to protect its intellectual property; (xi) local, industry and general business and economic conditions; (xii) adverse effects of potentially deteriorating U.S.-Russia relations, including, without limitation, over a conflict related to Ukraine, including a risk of further U.S. government sanctions or other legal restrictions on U.S. businesses doing business in Russia. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K and the subsequently filed quarterly reports on Form 10-Q and current reports on Form 8-K filed by Net Element with the Securities and Exchange Commission. Net Element anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Net Element assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law.

SOURCE Net Element, Inc.

Related Links

http://www.netelement.com