SOURCE: PayStand

PayStand

May 21, 2014 10:00 ET

PayStand Receives TiE50 Award for Innovative Online Payment Technology

Payment Startup Recognized as One of the Fifty Hottest Tech Start-Ups and Invited to Prestigious Colorado Competition

SANTA CRUZ, CA--(Marketwired - May 21, 2014) - PayStand, a next generation online payment solution, today announces it has been selected as a Winner for the prestigious 2014 TiE50 Awards Program. Winners were selected from more than 2800 companies from 27 countries. 

By allowing eCash (Bitcoin), eCheck (ACH/Dwolla), and all major credit cards, PayStand is the first and only payments service to easily allow digital currency and more traditional payments all at the same time. PayStand's all-in-one modern checkout works with any website, social network, or mobile application and eliminates the need for extra programming, additional software, or a separate merchant account. An organization can get started in under 5 minutes and can easily integrate payments into their website with custom branding.

To be named a winner of the TiE50 Top Startups, the finalist pool of TiE50 candidates was judged by a panel of highly accomplished team made up of serial entrepreneurs, venture capitalists, angel investors, CEOs and well-rounded technology experts. Companies from each of the five segments, including Software, Mobile, Internet, CleanTech and Life Sciences, pitched their ideas at the TiE Conference and were evaluated on three parameters: Business Model, IP Value and Leadership team.

"We are honored to be recognized by TiE as a leader in technology and entrepreneurship," says PayStand CEO and co-founder Jeremy Almond. "This award reaffirms our company's commitment to bring affordable and convenient payment solutions to both retailers and consumers."

PayStand has also been selected as one of sixteen companies to compete this weekend in the Blue Ocean Enterprises Challenge at Colorado State University's Institute for Entrepreneurship and College of Business. The grand prize winner of the Blue Ocean Challenge will be awarded $250,000.

"In the six short years since inception, the TiE 50 program has become a global brand that attracts thousands of companies worldwide for this recognition," said Venktesh Shukla, president of TiE, Silicon Valley. "It is unique in terms of rigor of selection and the broad scope of companies that it reviews for this award and is one of TiE Silicon Valley's most successful programs. It is also worth mentioning that this is the only awards recognition in technology to be held by a large global non-profit organization. "

About PayStand
PayStand is a next generation online payment solution that enables organizations to quickly and easily accept credit cards, eChecks, and Bitcoin with one monthly fee and no transaction costs, making it extremely convenient for both merchants and buyers. The PayStand business model is fairer to merchants and offers transparency and flexibility to consumers. An all-in-one solution for accepting payments online for merchants, non-profits and service providers, PayStand provides all the elements necessary to set up online commerce in as little as five minutes. For more information, visit PayStand.com.

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