Net Element (NETE) Selects Conformance Technologies as Data Compliance Solutions Provider

November 29, 2016 8:47 AM EST
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Net Element, Inc. (Nasdaq: NETE) announced it has selected Conformance Technologies, a fast-growing provider of operating systems, education systems and expertise used in managing business compliance requirements as its preferred provider for data compliance solutions.

Net Element will be offering PCI ToolKit in Chinese, English, Russian and Spanish languages for Payment Card Industry Data Security Standard (PCI DSS) merchant portfolio assessments. Net Element and its merchants will also have access to the Cyber Attack Readiness ToolKit™ and InConRadar™ toolsets for penetration testing, primary account number (PAN) scanning and real-time website monitoring of prohibited card brand acceptance activities.

"The integrated compliance-related solution set with the flexibility to handle multiple languages made partnering with Conformance Technologies a very easy decision for us," said Oleg Firer, chief executive officer for Net Element. "Their solutions provide us with a revenue opportunity, while making painful and costly compliance activities understandable and affordable for our diverse customer base," added Firer.

"We are excited to partner with Net Element to give their merchants access to compliance solutions in the languages they speak every day," said Darrel Anderson, president of Conformance Technologies. "The design of the Conformance Compliance Operating System™ enables the roll out of multi-language capabilities in just a matter of days," added Anderson. "The end result is that Net Element customers have confidence they are protecting their businesses with the most comprehensive and affordable toolkit solutions available that are easy to use and understand."

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