SCOTTSDALE, AZ--(Marketwire - Feb 25, 2013) - Spindle, Inc. (OTCBB: SPDL), a major provider of mobile payments solutions, today announced they have entered into an agreement with NCR Corporation to re-sell NCR Silver, a mobile point-of-sale (POS) system, to small- and mid-sized businesses. Combining the Spindle mobile payment platform with NCR Silver enables businesses to manage POS activities, including inventory management, sales data and other analytics from iOS smartphones and tablets.
As part of its relationship with NCR, Spindle will offer NCR Silver through its distribution channel along with Spindle's mobile commerce platform that includes mobile payment, loyalty and rewards redemption and merchant-specific alternative payment types.
"NCR clearly recognizes the growing role that mobile commerce plays in the retail and hospitality industries, as well as other vertical markets," said Bill Clark, president of Spindle. "They are taking a leadership role in driving the evolution of mobility into the POS space. We're proud to be associated with this global leader and look forward to working with them to deliver an advanced mobile commerce solution that will meet the evolving needs of small- and medium-sized merchants."
"The combination of NCR Silver and Spindle technology is an impactful development for merchants that are looking to maximize their POS investments," said Stephanie Atkinson, president of Compass Intelligence, a leading market research firm that specializes in mobile commerce. "The addition of a flexible mobile payments solution to the NCR Silver infrastructure creates a creative enhancement for legions of small merchants. We anticipate that this comprehensive solution will be particularly attractive as more and more businesses look to seamlessly integrate mobility into their POS systems."
"We're delighted Spindle has chosen to combine their offerings with NCR Silver to support the growing number of small businesses looking for mobile payment solutions," said Christian Nahas, vice president and general manager of the NCR small and medium-sized business group. "Spindle's mobile payments platform complements the NCR Silver architecture and provides Spindle's distribution channel with a compelling offering for meeting the needs of today's small businesses and their customers."
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.
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.