Net Element’s Unified Payments Launches Intelligent Payment Solution

Net Element Inc (NASDAQ:NETE), a global technology and value added solutions group that supports electronic payments acceptance announced that its subsidiary Unified Payments has launched payment solution for the events industry.

As quoted in the press release:

Unified Payments’ integrated payment solution for the events industry enhances existing payment acceptance services with intelligent integration for point-of-sale systems, self-order kiosks, chargeback protection and multi-channel payment acceptance.  Unified Payments makes its innovative programs such “Fast Pass Funding” same-day funding, “Zero Pay”, a cash payment discount program through which merchants keep 100% of sales revenues from the events and the “Complimentary Equipment Placement Program” available to all events industry merchants in North America.

A recent Events Industry Council report illustrates the meetings and events industry continues to expand across all segments, contributing hundreds of billions of dollars in revenue to the U.S. economy and supporting 5.9 million jobs. Notable recent data referenced in the report shows the industry generated over $330 billion in direct spending and more than $845 billion in business sales.

“We are excited to provide the event management industry with fully integrated, feature rich payment acceptance solutions,” commented Vlad Sadovskiy, president of integrated payments for Net Element. “Our capabilities have the potential to dramatically change the way event transactions are processed today.”

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