Net Element, Inc. (NASDAQ: NETE) Subsidiary and Payment Club Raise $7M to Expand Subscription-Based Payment Processing Service
Payment Club operates cashless processing services on subscription-based model Payment Club co-founders raise $7 million for expansion plans Net Element, Inc. (NASDAQ: NETE) subsidiary Unified Payments is launching subscription-based payment processing services through a partnership with Payment Club, Inc. that raised $7 million to finance the latter’s expansion plans (http://ccw.fm/MO6sw). Net Element develops multi-channel electronic payment solutions, among which is Unified Payments, a flexible mobile point-of-sale system that enables small and mid-sized businesses to accept cashless payments. Payment Club provides payment processing services on a subscription-based model. Its co-founders recently announced completion of a $7 million financing deal. With the financial…