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Last $1.23 USD
Change Today +0.0101 / 0.83%
Volume 398.6K
NETE On Other Exchanges
Symbol
Exchange
NASDAQ CM
Stuttgart
As of 1:05 PM 03/30/15 All times are local (Market data is delayed by at least 15 minutes).

net element inc (NETE) Snapshot

Open
$1.25
Previous Close
$1.22
Day High
$1.28
Day Low
$1.18
52 Week High
09/12/14 - $5.75
52 Week Low
07/18/14 - $0.88
Market Cap
56.1M
Average Volume 10 Days
760.1K
EPS TTM
$-1.01
Shares Outstanding
45.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for NET ELEMENT INC (NETE)

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net element inc (NETE) Details

Net Element, Inc., a technology company, specializes in mobile commerce and payment processing for electronic commerce in the United States, Russia, and the Commonwealth of Independent States. It operates in one segment, Transactional Processing and Mobile Payment Solutions. The company provides technology and services that businesses require to accept cashless transactions for the SME business under the Unified Payments brand. It processes cashless transactions for card-present or card-not-present transactions, including point-of-sale, mobile POS, Internet businesses, service-oriented businesses, and mail order/telephone order merchants, as well as checks and direct debits. The company also provides Aptito, a mPOS and value-added services technology, which helps restaurants drive consumer engagement through tablet, mobile, and other cloud-connected devices. Aptito provides hospitality merchants with tools to increase sales, productivity, and customer loyalty. In addition, it offers carrier-integrated mobile payments solutions, including in-app, premium SMS, online, and carrier billing. Further, the company provides engineering services to its payment processing and mobile payment solutions business. Net Element, Inc., together with its subsidiaries, enables ecommerce and content-management companies to monetize their assets in ecommerce and mobile commerce environments. The company was formerly known as Net Element International, Inc. and changed its name to Net Element, Inc. in December 2013. Net Element, Inc. was founded in 2004 and is headquartered in North Miami Beach, Florida.

33 Employees
Last Reported Date: 04/15/14
Founded in 2004

net element inc (NETE) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $382.6K
Chief Legal Officer, Secretary and Director
Total Annual Compensation: $114.3K
Compensation as of Fiscal Year 2013.

net element inc (NETE) Key Developments

Net Element, Inc. Releases its Cloud-Based Proprietary Portal, the Sales Central

Net Element, Inc. released its cloud-based proprietary portal, the Sales Central. The Sales Central portal is designed to enhance responsiveness of its sales partners and improve sales efficiency. The cloud-based solution provides to both Independent Sales Groups (ISGs) and merchants an integrated toolkit to more effectively manage a variety of sales, operations, reporting and accounting functions. The system is designed to improve conversion rates, technology advisory functions and to reduce deployment time for merchants. It also allows troubleshooting of merchant issues in real-time. Sales Central is Unified Payments comprehensive back office solution for ISGs. Sales Central allows ISGs to onboard merchants on multiple processing platforms available in the US. Its merchant underwriting and boarding process is seamless and paperless. Merchant Library allows ISG's to safely store and retrieve any agreement, form or contract, related to merchants. ISGs that utilize the system will be equipped with merchant pricing, residual calculations and risk management modules, which allow easier management of most of their day-to-day operations. ISGs compensation and merchant profitability can be managed using multi-level, single-click, drill-down navigation to pricing, detail, summary and statement information. The features of Sales Central include: integration with multiple merchant management systems; merchant onboarding onto multiple processing platforms; integration with American Express OptBlue program, allowing single onboarding and reporting for all major US card brands; merchant processing data, with merchant level access and full history of processing statements including full deposit reconciliation reporting; interactive reports with charts and custom filters; customer support ticketing system; commission tracking and calculation; equipment inventory and deployment tracking; and chargeback, retrievals and dispute monitoring. Sales Central is currently one of the few cloud-based systems nationwide that allow ISGs to onboard and monitor merchants on multiple processing platforms through a single interface. Sales Central for Merchants is the integrated reporting, accounting and analytics back office solution for small and medium size merchants. A variety of reporting tools along with easy to understand charts enables merchants to analyze sales and improve performance.

Net Element Announces Formation of Joint Venture with UAE Based Industry Professionals

Net Element, Inc. announced the formation of a joint venture between the Company and UAE-based industry professionals to sell and deliver Net Element's payment-as-a-service solutions to all Gulf Cooperation Council ("GCC") states and India. The JV will be financed solely by the local partners, who will own 80% with the Company maintaining a 20% equity stake in the JV. Net Element will be the exclusive provider of payment services to the JV, which will in turn have the exclusive rights to sell Net Element's services in the territory and market such services under Net Element's brand. The new venture is organized under the laws of the United Arab Emirates under the name Net Element, LLC.

Net Element Mulls Acquisitions

Net Element, Inc. (NasdaqCM:NETE) is looking for acquisitions. Net Element, Inc. has filed a follow-on equity offering in the amount of $50.00 million and may use a portion of the proceeds to acquire or invest in complementary products or businesses.

 

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