SOURCE: Spindle, Inc.

Spindle, Inc.

December 18, 2014 08:30 ET

Spindle Adds Credit and Debit Payment Acceptance to Bancroft & Associates Online Property Management Payment Platform

Online Payments Service Improves Convenience and Service for Tenants

SCOTTSDALE, AZ--(Marketwired - December 18, 2014) - Spindle, Inc. (OTCQB: SPDL), a leading provider of mobile commerce solutions, announced that Bancroft & Associates, a leading property management company, has added credit and debit card acceptance capabilities to its web-based payment platform. Based on Spindle's electronic POS technologies, Bancroft's new card acceptance solution creates a convenient and always-accessible payment option for Bancroft tenants, allowing them to conduct fast and secure rental payments online.

The Tucson, Arizona-based Bancroft & Associates has been leveraging Spindle's electronic check acceptance technology as part of its payment platform since late 2012, allowing residents to make payments both online and via their mobile devices. Since introducing these new services last month, Bancroft & Associates has seen an immediate uptick in online card-based payment transactions.

"The addition of online debit and credit card transactions is a great complement to payment mechanisms that are currently available. They can be conducted instantly, requiring no preset enrollment like an ACH transaction, and are a terrific alternative for the majority of customers who typically deliver or mail a physical check," said Bill Clark, chief executive officer at Spindle. "Spindle's secure card acceptance solutions provide a more convenient and streamlined method for companies like Bancroft. We're excited that this new service is seeing strong adoption, which, in our view, certainly demonstrates the market's readiness for expedient online payment options."

"The addition of debit and credit transactions opens a whole new level of choice to our tenants and owners. In addition, the Spindle platform was easily integrated with our current software system, which gives us the ability to leverage our current technology," said Glenn Bancroft, chief executive officer of Bancroft and Associates. "These new services have been very well received by our clients and customers, and has given us the opportunity to increase profits, reduce costs, and deliver substantially higher levels of service."

About Spindle

Spindle is an innovator of mobile commerce solutions for financial services providers and consumer-facing merchants of all sizes. Spindle is focused on pioneering new ways for businesses to rapidly integrate mobile payments acceptance and mobile marketing services while empowering location-based merchant discovery, fulfillment and frictionless mobile payments for consumers. Spindle is dedicated to expanding beyond traditional electronic payment boundaries by offering cutting-edge solutions that allow clients, partners, merchants and consumers to take full advantage of the rapidly emerging mobile economy. Spindle has an extensive proprietary intellectual property portfolio-which includes patents pending-that encompasses networks, mobile payments, and security. For more information, visit www.spindle.com.

About Bancroft & Associates

Established in 1974, Bancroft & Associates is Tucson, Arizona's oldest, largest and most respected property management company. Whether a single-family home, condominium, townhome, duplex, triplex or fourplex or any other small residential investment property, Bancroft and Associates can tailor property management services to fit the tenant's needs. www.propertymanagerstucson.com.

Forward-Looking Statements

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements, as described in our reports filed with the Securities and Exchange Commission which are available for review at www.sec.gov, to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

  • Public Relations Contact
    Glenn Goldberg
    Chief Executive Officer
    Parallel Communications Group
    516-705-6116
    ggoldberg@parallelpr.com

    Investor Relations Contact
    Chris Meinerz
    Chief Financial Officer
    Spindle, Inc.
    480-295-8059
    cmeinerz@spindle.com