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    Net Element, Inc. (NETE)

    1.19 Down 0.01(0.83%) Apr 17, 4:00PM EDT
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    Net Element, Inc.
    3363 NE 163rd Street
    Suite 705
    North Miami Beach, FL 33160
    United States - Map
    Phone: 305-507-8808
    Fax: 786-272-0696
    Website: http://www.netelement.com

    Index Membership:N/A
    Industry:Internet Software & Services
    Full Time Employees:65

    Business Summary 

    Net Element, Inc., a global payments-as-a-service, operates as a technology provider with an integrated mobile and transactional services platform serving emerging market clients. The company, through its subsidiary, TOT Group, Inc., operates Unified Payments that processes cashless transactions for card-present or card-not-present transactions, including point-of-sale (POS), mobile POS (mPOS), EMV, near field communication, Apple Pay, Internet businesses, service-oriented businesses, and mail order/telephone order merchants, as well as processes other cashless transactions, including checks and direct debits. The company also operates Aptito, a cloud based software-as-a-service restaurant management solution, which offers integrated POS, mPOS, kiosk, and digital menus functionality to drive consumer engagement through Apple iPad-based POS, kiosk, and all other cloud-connected devices. In addition, it operates TOT Money, a proprietary mobile payments and commerce platform that provides carrier-integrated mobile payments solutions to help digital merchants, such as social networks, games, online magazines, and digital media to monetize mobile clients and the subscription base; and mobile campaign management and distribution services that allow for the delivery of mobile campaigns on behalf of company’s content partners. Further, the company provides payment acceptance solutions; all-in-one digital software solution for the food-service industry; information, analytics, and reporting solutions; and Sales Central, a cloud-based solution that provides an integrated toolkit to independent sales organizations and merchants to manage sales, operations, reporting, and accounting functions. Its clients include wireless carriers, content providers, and merchants. 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.

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    Corporate Governance 
    Net Element, Inc.’s ISS Governance QuickScore as of Jul 1, 2014 is 8. The pillar scores are Audit: 10; Board: 7; Shareholder Rights: 4; Compensation: 8.
    Brought to you by Institutional Shareholder Services (ISS)

    Key Executives 
    Mr. Oleg Firer , 38
    Chief Exec. Officer and Director
    Mr. Steven Wolberg , 56
    Chief Legal Officer, Sec. and Director
    Mr. Jonathan New , 55
    Chief Financial Officer and Principal Accounting Officer
    Mr. Vincent Paul Coyne ,
    Exec. VP of Entertainment and Culture
    Mr. Vladimir Sadovskiy ,
    Pres of Merchant Services
    Amounts are as of Dec 31, 2013 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
    Currency in USD.
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