Net Element acquisition ranked as top merchant acquirer for 2012

Net Element International (NASDAQ: NETE) said that The Nilson Report has ranked Unified Payments as one of the top merchant acquirers in the United States. Unified Payments continues its ascent by rising ten slots to the ranking of #53 in the most recent filing of The Nilson Report.

Unified Payments is a socially responsible provider of turnkey transaction processing services and payment-enabling technologies to small, medium, and large merchants across the United States. By utilizing the products and services offered by Unified Payments, merchants are able to accept traditional card present, mobile payments, card-not present payments, and other forms of cashless payments such as prepaid cards, stored-value cards, gift cards and closed loop network payments. Unified Payments, headquartered in Miami, utilizes a network of independent sales organizations and independent sales people, value-added resellers, associations and affinity partners coast to coast.

“We are excited to appear on the Nilson Report´s list of Top US Acquirers and we are pleased with our dramatic jump in the rankings,” said Oleg Firer, CEO of Net Element, the parent company of Unified Payments. Adding, “We´re honored to be listed alongside high profile companies that are considered to be industry giants.”

Net Element International is a global technology-driven group specializing in electronic commerce, mobile payments and transactional services. TMore information is available at www.netelement.com