On May 23, 2018, we published revised versions of our Privacy Policy and User Agreements. Please read these updated terms and take some time to understand them. Your use of our services is subject to these revised terms.
Yes, I Agree.

Tech Innovator Net Element, Inc. (NASDAQ: NETE) Partners with VIP Systems to Deliver Hospitality Industry Payment Solution

  • Tourism and travel industry revenues expected to reach $1.3 trillion by 2025
  • Partnership’s VIP Payments solution adaptable to popular hotel, travel industry software to enable card-present and mobile-enabled payments
  • Payment solution also designed to handle multiple currencies in booming era of tourist travel

Net Element, Inc. (NASDAQ: NETE) has taken a significant step in adapting its payment processing technology to the specific challenges of the tourism and hospitality industry through its recently announced partnership with VIP Systems, an advanced technology integrator already working in the hospitality industry space (http://ibn.fm/ieFgf).

“VIP Systems is a leading technology integrator with vast experience deploying complex point of sale solutions for some of the biggest brands in the travel and hospitality industry; adding payments to its offerings will create new revenues for VIP Systems and enable us to create more guest-centric value-added offerings,” Vlad Sadovskiy, Net Element’s president of integrated payments, stated in the announcement of the venture.

“This partnership brings together technology and value-added offerings that are set to streamline processes and create additional revenue for our clients at the point of sale,” VIP Systems Executive Vice President Edward Genin added. “Since inception, VIP Systems has been committed to providing its clients with the best quality integration services. The partnership with Net Element is another example of our commitment to this mission.”

VIP Systems is a preferred provider of tech solutions for well-known brands such as Marriott International, Choice Hotels International, Simon Property Group, Hotwire Communications, Morgans Hotel Group, InterContinental Hotels Group and Related Group.

Net Element operates a payments-as-a-service transactional model and a platform for value-added services that benefit small- to medium-sized businesses in the United States and select emerging markets. Internationally, the company’s strategy is to leverage its omni-channel platform to provide flexibility where diverse banking, regulatory and demographic conditions exist.

The partnership’s product is named the VIP Payments solution, designed as tech that works seamlessly with computerized Property Management Systems (PMS) utilized by businesses, particularly hotels, to govern property, personnel and legal operations through a single software system. It manages online and mobile payments compatibly with leading global distribution systems (GDS) utilized by travel industry service providers to manage real-time vacancies in rooms, etc., including the Amadeus and Sabre brands.

VIP Payments is designed to provide businesses with financial transaction security, as it simultaneously offers consumers the payment flexibility that is essential to modern society’s penchant for personal preference by accepting an array of mobile, multi-channel and multi-currency payment platforms. The technology can work with smart point-of-sale devices for card-present transactions, as well as online and mobile transactions in multiple currencies.

It also has customer loyalty modules that promote additional services and generate new revenue sources, provides same-day settlements and delivers online reporting.

The travel and tourism industry has enjoyed a recent boom, in part because of a wanderlust indulged by the millennials who have comprised a significant source of revenue in the industry during recent years. The 2018 travel and hospitality industry outlook report published by Deloitte predicts that the industry’s revenues will top $500 billion this year, and market analyst Research Nester, predicting a CAGR of 4.7 percent from $814 billion in 2014, anticipates industry investments swelling to $1.3 trillion by 2025 (http://ibn.fm/Bgmi3).

For more information, visit the company’s website at www.NetElement.com

About QualityStocks

QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

Archives

Select A Month
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • September 2009
  • August 2009
  • July 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • February 2009
  • January 2009
  • December 2008
  • November 2008
  • October 2008
  • September 2008
  • August 2008
  • July 2008
  • June 2008
  • May 2008
  • April 2008
  • March 2008
  • February 2008
  • January 2008
  • December 2007
  • November 2007
  • October 2007
  • September 2007
  • August 2007
  • July 2007
  • June 2007
  • May 2007
  • April 2007
  • March 2007
  • February 2007
  • January 2007
  • December 2006
  • November 2006
  • October 2006
  • September 2006
  • August 2006
  • July 2006
  • June 2006
  • May 2006
  • April 2006
  • March 2006
  • January 2006
  • December 2005
  • October 2005
  • September 2005
  • Market Basics

    New to the micro-cap markets?Get answers to your questions about investing in Small-Cap / Micro-Cap Stocks and learn how to protect yourself.

    The Basics

    Newsletter Publishers

    Have an up and coming newsletter and want to be included in our coverage list? Looking to get more coverage and grow subscriptions? Register for coverage.

    Register

    Public Companies

    Are you a Small-Cap / Micro-Cap company looking for coverage? We'd love to hear from you. Fill out our quick contact form or send us a text.

    Get Covered