SOURCE: Spindle

December 03, 2012 09:00 ET

Spindle Announces Partnership With Integrated Payments

Agreement Will Allow Integrated Payments to Package Spindle's Scalable Mobile Commerce Technologies With ZingCheckout to Accept Frictionless Payment Transactions

SCOTTSDALE, AZ--(Marketwire - Dec 3, 2012) -   Spindle, Inc. (OTCBB: SPDL), a leading provider of mobile payments solutions, announced today that it has signed an agreement with Integrated Payments, a distributor of point of sale (POS) and mobile commerce technologies to merchants. Through this agreement, Integrated Payments will bundle Spindle's mobile commerce platform with solutions distributed through Integrated Payments, giving merchants across the United States the ability to accept mobile payments at their locations. ZingCheckout's POS technologies will be the first to accept Spindle-enabled mobile payment transactions at the Point of Sale.

Headquartered in Austin, Texas, Integrated Payments maintains relationships with a sizable network of both ISOs (Independent Sales Organizations) and point-of-sale vendors. As part of this new relationship, Spindle has become a preferred provider of mobile commerce technologies to Integrated Payments and will have its platform integrated with Austin-based ZingCheckout, a partner of Integrated Payments. "We're delighted to join forces with Integrated Payments, which we anticipate will drive mobile payment integration among the company's POS partners," said Bill Clark, President at Spindle. "Although many POS providers have mobile wallet technologies in use, very few have an application that works directly within the point of sale infrastructure. Our strategy has been to create a technology that empowers the merchant to utilize existing POS infrastructure to accept mobile payments. The partnership with Integrated Payments and ZingCheckout will allow us to do just that."

"Spindle's formidable mobile commerce platform fills a long-standing void in the industry by allowing POS providers to seamlessly incorporate mobile payments right at the site of the transaction," said Keri Golden, President, Integrated Payments. "We're impressed with the functionality that Spindle's solution delivers, which is paving the way for consumers to use their mobile phones as an electronic wallet by creating the platform for frictionless payment acceptance."

ZingCheckout Inc., provides web-based (SaaS) retail software. Their Point of Sale technology can be used on all major Microsoft Windows or Apple OSX platforms by merchants needing a quick, easy and scalable mobile POS solution including full support for Apple's iPad. Through its partnership with Spindle, ZingCheckout will be able to incorporate mobile POS services into its product portfolio, enabling merchants to seamlessly expand into accepting frictionless payment transactions.

"Spindle's mobile commerce platform is a perfect complement to our POS software and go-to-market strategy," said Nate Stewart of ZingCheckout. "As a result of collaborating with Spindle, we can easily board and support merchants that are looking to accept card-based payments on premises and in the field through smartphones and tablets. Additionally, it enables us to extend our offering to our reseller networks with another innovative technology. This approach gives our customers a reliable, seamless and uniformed payment processing experience, regardless of endpoint." 

About Spindle, Inc.

Spindle is an innovator of mobile payment solutions for the banking industry, retail sector and consumer-facing companies. A pioneer in "Frictionless Finance," the company is actively developing new and improved ways for companies and end consumers to fluidly transact and exchange funds, regardless of platform. The Company is dedicated to delivery of secure payment services crossing traditional boundaries by offering cutting-edge solutions that enable buyers, sellers and individuals to transact face-to-face or virtually using mobile or internet devices. The Company also owns and has developed an extensive intellectual property portfolio, including patents pending, covering networks, mobile payments and security. For more information, visit www.spindlehq.com.

About ZingCheckout, Inc.
For more information, including their reseller program, please contact them at team@zingcheckout.com or at http://www.zingcheckout.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 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

  • Spindle Contact:
    PR Contact
    Glenn Goldberg
    Chief Executive Officer
    Parallel Communications Group
    516-705-6116
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