Net Element, Inc. announced that Oleg Firer, the company's chief executive officer, has been selected as a member of the Mobile Payments, ISO Practices and Risk, Fraud & Security Committees of the Electronic Transactions Association an international trade association representing over 500 companies that provide electronic transaction products and services. Additionally, Vlad Sadovskiy, the company's president of merchant services has been selected as a member of the ISO Practices Committee and Shawn Brown, the company's Vice President of risk management has been selected as a member of the Risk, Fraud & Security Committee. All appointments are effective immediately.