During Thursday’s trade, Shares of Net Element, Inc. (NASDAQ:NETE), lost -9.83% to $0.2182.
Net Element, declared that its mobile payments partner has reached yet another growth milestone by surpassing 3 million recurring mobile payment subscribers in October 2015, which represents 171% improvement since January 2015. The Company is also unveiling the new corporate name for its mobile payments business — Digital Provider, which replaces its existing TOT Money brand. The new name and logo were introduced to reflect the evolution of the Company and its initiatives as a digital provider of mobile payment services and content monetization tools in emerging markets.
Net Element, Inc., a global payments-as-a-service, operates as a technology provider with an integrated mobile and transactional services platform serving emerging market clients. The company, through its partner, TOT Group, Inc., operates Unified Payments that processes cashless transactions for card-present or card-not-present transactions, counting point-of-sale (POS), mobile POS (mPOS), EMV, near field communication, Apple Pay, Internet businesses, service-oriented businesses, and mail order/telephone order merchants, in addition to processes other cashless transactions, counting checks and direct debits.
Shares of KeyCorp. (NYSE:KEY), declined -0.34% to $13.09, during its current trading session.
KeyBank customers have raised access to surcharge-free ATMs by way of 11 cash machines located throughout Cleveland Hopkins International Airport (CLE) and Burke Lakefront Airport. The ATMs are newly branded KeyBank through a contract with Cardtronics, Inc. (CATM), the world’s largest retail ATM owner / operator and exclusive provider of ATM services to both airports. KeyBank operates under the auspices of KeyCorp (KEY). With $95.4 billion in assets, KeyBank is one of the top 25 banks in the United States.
Ten of the KeyBank-branded ATMs are located in CLE’s Concourses A, B and C; its Main Terminal and Ticketing areas; Baggage Claim; Food Court; Rental Car Facility; and Passenger Bridge to daily parking. The remaining KeyBank-branded ATM — also offered by Cardtronics — is at the Burke Lakefront Airport.
KeyCorp. operates as the bank holding company for KeyBank National Association that provides various retail and commercial banking services to individual, corporate, and institutional clients in the United States.
Finally, Microchip Technology Inc. (NASDAQ:MCHP), gained 0.71%, and is now trading at $46.99.
Microchip Technology Incorporated, declared that it is providing the break-out of its net sales derived from organic growth as contrast to growth derived from acquisitions.
Steve Sanghi, Microchip’s President and CEO, commented, “Over a six year period from CY2009 to CY2015, with our December 2015 quarter net sales projected at our guidance mid-point, Microchip’s total net sales grew at a compounded annual growth rate (CAGR) of 17.3%, counting acquisitions. Over the same period, not taking into account acquisitions, Microchip’s net sales grew at a CAGR of 8.3%, as contrast to the semiconductor industry’s CAGR of 6.7%. Thus, Microchip’s organic net sales grew at a higher rate than the industry over this period and our acquisitions augmented our organic growth, resulting in more than doubling our growth rate.”
Mr. Sanghi added, “We have also posted on our website a comparison of Microchip’s results contrast to the results of many of our microcontroller and analog/mixed signal competitors. Our organic net sales grew faster than all of them except for one, despite most of them also having acquisition growth. In fact, our total net sales grew at more than twice the rate of any of our competitors comprised in our analysis.”
Microchip Technology Incorporated develops, manufactures, and sells semiconductor products for various embedded control applications. The company offers microcontrollers, such as 8-bit, 16-bit, and 32-bit microcontrollers under the PIC brand name; and 16-bit dsPIC digital signal controllers, in addition to provides microcontrollers for automotive networking, computing, lighting, power supplies, wireless communication, and wireless audio applications.
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