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To view the full publication, titled “Payment Processing Companies Grow Through Applied Innovation,” visit: http://nnw.fm/irb0O
|At the turn of the millennium, payment processing was almost entirely driven by banks and the small number of companies supporting them. But in the years since, the market has been transformed, allowing newer companies such as technology-driven group Net Element (NASDAQ: NETE) to make its presence felt.|
|A number of factors have driven this change. One of the most obvious is the rise of the internet and online shopping. These online advances have created a need for online payment services, such as PayOnline, which allows retailers to quickly and easily get set up to take electronic payments. More recently, the options have extended to mobile payments, which have created a bridge between online and offline shopping, as consumers use internet-enabled phones to make payments on the high street.|
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This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's
Source: Net Element, Inc.