Atlanta 1/29/2015 8:00:00 PM
News / Stocks

MissionIR News - Net Element (NETE) Subsidiary Upgrades Mobile Point-of-Sale Restaurant Software with More Features

MissionIR would like to highlight Net Element, Inc. (NASDAQ: NETE), a technology-driven group specializing in mobile payments and value-added transactional services that add convenience to mobile phone users’ lives and everyday commerce. The company’s innovations enable consumers to conduct commerce transactions from their mobile device, while online and offline payment capabilities allow merchants to reliably transact business anywhere and anyhow.

In the company’s news,

Net Element’s subsidiary Aptito LLC today unveiled version 2.3 of its cloud-based mobile point-of-sale platform (“MPOS”). This all-in-one  restaurant and bar POS software solution helps restaurants reduce payroll costs, increase customer satisfaction, and enhance their efficiency.

MPOS version 2.3 keeps the value-laden functionality of its predecessor. This app is available for free, so restaurant owners are able to test it on another mobile device alongside the Aptito POS system for the iPad.

“We are continuously advancing our technology to enhance product functionality for the benefit of our customers, and today we’re pleased to introduce to the marketplace our latest innovation, Aptito MPOS version 2.3,” Oleg Firer, chief executive officer of Net Element, stated in the news release. “One of the primary features of the new MPOS platform is its extended compatibility and significant overall redesign. Together, these updates and improvements result in numerous innovative advantages.”

The updated MPOS platform includes the following upgrades:

Apple iOS 8.1.2 optimization
Compatibility with iPhone 4, 4s, 5, 5c, 5s, 6, 6 Plus, as well as iPod Touch;
User interface redesign to provide greater simplicity in operation;
Local server integration to support offline mode and internet downtime;
Pay at the table functionality using latest secure, card reader technology;
Cardholder signature screen on checkout with signature capture and storage.
After Net Element’s release of Aptito MPOS version 2.0 in November 2014, software licensing revenue increased at an average monthly rate of 8.2%. Firer expressed his confidence for continued momentum: “We are more than pleased with the initial success of Aptito 2.0 and the traction the platform is seeing in the market. The immediate increase in revenues validates our belief and provides tangible evidence of the growing interest in the mPOS platform.”

Key features of the software solution include:

All-Inclusive Functionality. The all-in-one platform allows staff to take orders, send them to the kitchen, process payments and more all from one device. The multi-functionality saves time, which can reduce payroll costs and improve customer satisfaction.
Tableside Ordering and Payment. The new Aptito allows customers to place their own orders right at the table with full-color, digital menus, as well as to make their own payments. This feature is ideal for helping to reduce wait times and to encourage additional orders.
Small and Mobile System. Aptito’s mobile platform can be used on an iPhone or iPod Touch, which takes up much less space than a traditional POS. The platform clears up counter space and eliminates long lines in front of cash registers while enabling waitstaff to serve customers wherever they are located in the restaurant.

Improved Training and Payroll. The new Aptito system is simple to use with little training required. New employees can learn the system within minutes, which will help them quickly feel confident and reduce the restaurant’s training costs. The system also includes features like a time clock, allowing employees to punch in and out exactly when their shift begins and ends, thereby reducing wastes in payroll.

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