Web-based, chip same-day ACH and eCheck payments are accessible through Unified Payments platform
MIAMI, FL–(Marketwired – Oct 16, 2017) – Net Element, Inc. (NASDAQ: NETE) (“Net Element” or the “Company”), a all-around cyberbanking technology and value-added solutions accumulation that supports cyberbanking payments accepting in an omni-channel ambiance spanning beyond point-of-sale (POS), e-commerce and adaptable devices, today announces that its Unified Payments accessory launched its Same-Day ACH (Automated Allowance House) acquittal processing solutions. The amend adds adaptability and accessibility for cyberbanking business and agenda not present merchants, carrying the adeptness for merchants to acquire eCheck (electronic check) payments.
Unified Payments is accumulation Same-Day ACH into its already able-bodied band of acquittal processing accoutrement in adjustment to accommodated the growing appeal for this anatomy of acquittal in North America. According to NACHA — The Cyberbanking Payments Association®, ACH arrangement aggregate accounted for over 25 billion payments and $43 abundance in transfers in 2016.
Convenient eCheck processing solutionUnified Payments’ ACH processing is congenital into its acquittal aperture and seamlessly integrates with every above arcade barrow for simple, defended eCheck acceptance. An eCheck plays a agnate role as its cardboard counterpart, funds are aloof digitally from a buyer’s blockage anniversary and transferred over the ACH Network. Once funds clear, they are deposited into the merchant’s coffer account.
Ideal another acquittal methodAlthough acclaim agenda acceptance is steadily rising, abounding Americans still do not acquire one. Electronic checks accommodate business owners the adaptability of accepting cyberbanking payments, behindhand of whether or not their audience own a acclaim card. And clashing cardboard checks, cyberbanking blockage allows merchants to save time and money by above trips to the coffer and through faster allowance of payments. Another account of appointment funds through the ACH arrangement is for ample aggregate purchases; eChecks can bypass banned imposed by agenda brands for acclaim agenda transactions.
“Adding ACH processing to our apartment of articles offers businesses greater ascendancy over how they acquire payments,” commented Vlad Sadovskiy, admiral of Unified Payments. “Tapping into the ACH arrangement creates a admired another for abounding merchants who charge eCheck processing, forth with demography acclaim cards. Additionally, NACHA rules accept acquired and aforementioned day ACH is offered by Unified Payments. We abide to action the fastest funds availability to all of our merchants behindhand of the acquittal methods they accept to utilize.”
About Net ElementNet Element, Inc. (NASDAQ: NETE) operates a payments-as-a-service transactional and value-added casework belvedere for baby to average action (“SME”) in the US and called arising markets. In the US it aims to abound transactional acquirement by innovating SME abundance casework such as its billow based, restaurant and retail point-of-sale band-aid Aptito. Internationally, Net Element’s action is to advantage its omni-channel belvedere to bear adjustable offerings to arising markets with assorted banking, authoritative and demographic altitude such as UAE, Kazakhstan, Kyrgyzstan and Azerbaijan area initiatives accept been afresh launched. Net Element was called in 2016 by South Florida Business Journal as one of the fastest growing technology companies. Added advice is accessible at www.netelement.com.
Forward-Looking StatementsSecurities Exchange Act of 1934, as amended. Any statements independent in this columnist absolution that are not statements of absolute actuality may be accounted advanced statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” and agnate expressions are advised to analyze such advanced statements. All advanced statements absorb cogent risks and uncertainties that could account absolute after-effects to alter materially from those bidding or adumbrated in the advanced statements, abounding of which are about alfresco the ascendancy of Net Element and are difficult to predict. Examples of such risks and uncertainties include, but are not bound to whether the addition of ACH acquittal processing solutions will absolutely appulse the Company. Additional examples of such risks and uncertainties are : (i) Net Element’s adeptness (or inability) to access added costs in adequate amounts or on adequate agreement back needed; (ii) Net Element’s adeptness to advance existing, and defended additional, affairs with users of its acquittal processing services; (iii) Net Element’s adeptness to auspiciously aggrandize in absolute markets and access new markets; (iv) Net Element’s adeptness to auspiciously administer and accommodate any acquisitions of businesses, solutions or technologies; (v) hasty operating costs, transaction costs and absolute or accidental liabilities; (vi) the adeptness to allure and absorb able advisers and key personnel; (vii) adverse furnishings of added antagonism on Net Element’s business; (viii) changes in government licensing and adjustment that may abnormally affect Net Element’s business; (ix) the accident that changes in customer behavior could abnormally affect Net Element’s business; (x) Net Element’s adeptness to assure its bookish property; (xi) local, industry and accepted business and bread-and-er conditions; (xii) adverse furnishings of potentially breakable U.S.-Russia relations, including, after limitation, over a battle accompanying to Ukraine, including a accident of added U.S. government sanctions or added acknowledged restrictions on U.S. businesses accomplishing business in Russia. Added factors that could account absolute after-effects to alter materially from those bidding or adumbrated in the advanced statements can be begin in the best contempo anniversary address on Anatomy 10-K, annual letters on Anatomy 10-Q and accepted letters on Anatomy 8-K filed by Net Element with the Securities and Exchange Commission. Net Element anticipates that consecutive contest and developments may account its plans, intentions and expectations to change. Net Element assumes no obligation, and it accurately disclaims any ambition or obligation, to amend any advanced statements, whether as a aftereffect of new information, approaching contest or otherwise, except as especially appropriate by law.
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