This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Net Element And PAY.ON Launch Transactional Services Platform In Russia

MUNICH and MIAMI, October 8, 2013 /PRNewswire/ --

Value-Added Transactional Services Platform Will Allow Innovative Transactional Solutions To Be Launched in The Growing Region

Net Element International (NASDAQ: NETE), a technology-driven group specializing in mobile payments and value-added transactional services in emerging countries, is pleased to announce the launch of "TOT Platform" - a value-added transactional services platform.  Launched in partnership with PAY.ON, the world's leading operator of multi-channel payment infrastructure systems, TOT Platform will be the first offering of its kind in the region and will allow Net Element's subsidiary TOT Group to offer its client-base innovative solutions in mobile payments and transactional services.

TOT Platform is a high-performance transaction processing platform that complies with security standards and requirements applicable to the international payments market.  The launch of TOT Platform will enhance TOT Group's suite of value-added, innovative technologies and services in emerging markets.

Commenting on the launch, Oleg Firer, Net Element's chief executive officer said, "The announcement of TOT Platform further demonstrates Net Element's commitment to creating innovative and practical solutions for emerging markets that function as fully integrated operations and marketing tools for TOT Group's clients and partners."  Konstantin Zaripov, CEO of TOT Group Russia added, "We are the first company in the region to offer this level of compatibility and capability -- and an entire suite of solutions are in development in the mobile payments and transactional services sector."

"We are delighted to be furthering our partnership with TOT Group and specifically the TOT Platform suite of products," said Markus Rinderer, CEO of PAY.ON AG.  "PAY.ON's multichannel payment infrastructure will provide TOT Group with the scalable platform to further develop and introduce innovative, value-added solutions to its clients."

While Russia is the first region to be activated, this same solution will be deployed throughout the worldwide emerging market regions that are supported by PAY.ON's infrastructure.  PAY.ON's systems will be combined with TOT Group's industry-specific set of solutions including Aptito - Net Element's, next generation, cloud-based point-of-sale payments solution. 

About PAY.ON:

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs