SOURCE: Spindle Inc.

May 21, 2014 08:30 ET

Spindle and Slim CD Introduce Developer Integration Portal

New Platform Allows Developers to Easily Create Secure Payment Systems for Merchant-Facing Solutions

SCOTTSDALE, AZ--(Marketwired - May 21, 2014) - Spindle, Inc., (OTCQB: SPDL), a leading provider of mobile commerce solutions, announced it has entered a partnership with Slim CD, a provider of payment processing software and gateway services, to integrate Spindle processing into Slim CD's suite of products and launch a new web-based portal targeted to third-party developers, independent software vendors, ISVs, integrators and merchants. This technology enables providers to incorporate secure, easily configured payment acceptance and processing capabilities into their applications and solutions. Accessible through both the Spindle and the Slim CD web sites, the portal will enable developers and ISVs to add online, mobile, and brick-and-mortar payment functionalities into their offerings in a fast and straightforward manner, reducing both time to market and development costs.

The Developer Integration Portal consolidates the application programming interface (API) and software developers' kit (SDK) implementations into a single integration, allowing acceptance of both card-present and card-not-present transactions through simple, language-neutral function calls. It provides a robust integration toolkit for developers that support dozens of programming languages through a cut-and-paste sample code library. All of Slim CD's products for web, mobile and PC can be launched by developers, facilitating payment transactions without requiring PA-DSS validation or touching cardholder data.

"The Developer Integration Portal streamlines the entire process for developers, ISVs and merchants who want to incorporate secure payment acceptance functionalities into their software solutions," said Bill Clark, chief executive officer at Spindle. "By coupling the benefits of Spindle's payment aggregation platform with the simplicity of Slim CD's tools, we can create a whole new range of advanced capabilities that optimize mobile commerce. When providers can include payment acceptance into their solutions through this seamless integration process, they can better serve their customers by delivering a more robust, comprehensive application that will be even more relevant to their customers."

Based in Coral Springs FL, Slim CD provides their credit card software and gateway services for merchant services providers, financial institutions, and merchants looking to accept card-based payments over both data and mobile infrastructures. As part of its relationship with Spindle, Slim CD has integrated the portal with Spindle's payment aggregation platform to leverage the quick boarding capabilities and competitive flat-rate processing rates that Spindle offers to businesses. Slim CD's Developers' Toolkits allows direct connectivity to Slim CD's gateway or the Slim CD applications, which can be launched as part of developer payment acceptance strategies.

"Spindle's fast merchant setup and easy-to-understand pricing is now available through Slim CD's complete suite of products and developer toolkits for PCs, mobile and web-based offerings", said Sami Slim, president and chief executive officer of Slim CD. "While traditional merchant accounts continue to offer value, an increasing number of merchants opt for the blended rates and financial services provided by Spindle. This partnership gives merchants and developers all of the powerful Slim CD tools, combined with the power of Spindle's aggregation platform which features easy setup and competitive pricing"

About Spindle, Inc.

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 include patents pending -- that encompass networks, mobile payments, and security. For more information, visit www.spindle.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
    Email Contact

    Investor Relations Contact

    Jason Assad
    President
    LR Advisors, Inc.
    678-570-6791
    Email Contact

    SLIM CD Contact

    Frank Haggar
    Director of Product Development
    954-752-9309
    Email Contact