SOURCE: Spindle, Inc.

September 22, 2014 08:00 ET

Spindle Announces Support for Apple Pay Mobile Commerce Innovations

Industry Leader's Yowza!! Cloud-Based POS Platform Confirms Support for Apple Pay NFC Wallet With Existing Advanced Mobile Marketing, Geo-Location, Beaconing and Mobile Payment Services

SCOTTSDALE, AZ--(Marketwired - Sep 22, 2014) - Spindle, Inc., (OTCQB: SPDL) ("Spindle"), a leading provider of mobile commerce solutions, announced that its Yowza!! cloud-based point-of-sale (POS) platform will support the new Apple Pay solution that will be embedded in the iPhone 6 and iPhone 6 Plus devices. For merchants that wish to accept Apple Pay, Yowza!! POS will provide payment processing through their merchant aggregation platform, which is the acquiring and settlement platform for Yowza!! POS. 

"The recent news from Apple certainly validates the huge market potential of mobile commerce, and also reaffirms Spindle's strong position as a critical facilitator for these services," explained Bill Clark, Spindle's chief executive officer. "One of the primary advantages in having a cloud-based architecture is that we can easily integrate a wide range of technologies and features that will drive the mobile economy through accelerated merchant-consumer engagement, interaction and payment transactions. As a merchant services provider and a registered aggregator we are able to quickly and effectively add new mobile solutions to our platform and enable our retail partners to remain competitive and drive consumer engagement for both marketing and payment services, without any disruptions to their business."

Announced earlier this month, Apple Pay is a mobile payments solution that utilizes next-generation NFC (Near Field Communications) technology to facilitate 'tap-and-go' payments. The feature will be included in the new iPhone 6, iPhone 6 Plus, and Apple Watch products that will be released shortly. In addition, Spindle plans to support Apple Pay for its e-commerce customers when integration protocols become available.

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 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

    Chris Meinerz
    Chief Financial Officer
    Spindle, Inc.
    480-295-8059
    Email Contact