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Net Element, Inc.’s (NETE) Aptito Honored as 2014’s Most Innovative Product

Net Element, an innovative player in the mobile payments and value-added transactional services market, was recently named as a silver winner in the Most Innovative Product of the Year – SMB category in Best in Biz Awards. A panel of press and industry analysts issued the award based on the company’s Aptito restaurant and bar point-of-sale (POS) and business management software.

Cloud-based Aptito is designed to help restaurants reduce payroll costs, improve efficiency, and increase customer satisfaction. The platform is based on Apple iOS devices and includes POS and table management, kiosk, digital menu, mobile POS, online ordering modules and integrated payment card processing. With Aptito, restaurant owners and managers can remotely access the system to review comprehensive reports, adjust menus, pricing, set up happy hours, manage inventory, personnel, wages and tips allocation, and more.

This year’s Best in Biz Awards program featured a large and distinguished judging panel comprised of members of the media who reviewed and scored the more than 550 nominations of companies from virtually every major industry and region on North America.

“The fourth annual Best in Biz Awards’ North American program was its most competitive yet,” Net Element CEO Oleg Firer stated in the news release. “We are honored that the innovation and functionality of Aptito warranted such high recognition among hundreds of other nominees. Bringing home the silver award is a token not only of where Aptito stands today, but of the incredible potential that lies ahead.”

Best in Biz Awards 2014 honors were presented in 60 categories to winners selected based on scoring from an independent panel of 53 judges from highly recognized newspapers, business, consumer and technology publications, radio outlets, and analyst firms.

In addition to Aptito, Net Element owns and operates a global mobile payments and transaction processing provider, TOT Group, a consortium of innovative solutions. Together with its subsidiaries, Net Element enables e-commerce and adds value to mobile commerce environments via global development centers and high-level business relationships in the United States, Russia and Commonwealth of Independent States.

For more information, visit www.netelement.com

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