SOURCE: Spindle Inc

Spindle Inc

January 15, 2015 08:30 ET

Spindle Signs Agreement With Transaction Data USA to Provide Payment Aggregation Services

Mobile Commerce Leader Will Offer Its Aggregation Technology and Yowza!!-Branded Mobile Marketing Services to More Than 10,000 New Merchants

SCOTTSDALE, AZ--(Marketwired - January 15, 2015) - Spindle, Inc. (OTCQB: SPDL), a leading provider of mobile commerce solutions, announced that it has signed an agreement with payment processing industry consulting firm Transaction Data USA Inc. (TD USA) to resell both Spindle's payment aggregation services and its Yowza!! Offers mobile marketing services. TD USA recently completed integration of Spindle's gateway platform, making these services open for general availability.

Spindle's aggregation model features a rapid merchant underwriting and approval process, which enhances a merchant's ability to quickly accept card-based payments. The Yowza!! suite of small business services offers sophisticated mobile marketing, advertising and beacon-driven tools that deliver rich media content to consumer mobile devices. These services present an innovative, competitively priced and effective new marketing vehicle that allows businesses to fully leverage the unique advantages of mobile commerce.

"TD USA brings a network of more than 10,000 merchants to Spindle, processing an average of six million transactions per month. This makes them ideal candidates for our cost-efficient and expedient aggregation services," said Bill Clark, chief executive officer at Spindle. "We look forward to engaging with this customer base, and delivering a suite of services that can enhance payment capabilities, marketing outreach, and of course, profitability."

"We are excited to launch our next generation payment services platform in conjunction with Spindle, and empower our customers with simple, streamlined tools that help capture new business and generate incremental revenues," said Jamie R. Zimmerman, vice president of technology at TD USA. "Spindle's offering is a superior option in the payments channel. The company's vision has resulted in the development of some of the most creative and effective solutions for the merchant community, and we are delighted to join forces with them."

TD USA's platform includes virtual terminals, hosted payment pages, transaction dashboards including integrated charge-back management and "big data" features, accessible through the user's smartphone, tablet or other devices.

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 Transaction Data USA Inc.

Transaction Data USA Inc. (TD USA) specializes in payment ecosystems, providing global secure network infrastructure, business process outsourcing, enterprise data center services and compliance coaching, and audit preparation. With accessibility to a range of strategic global carriers, the company's partners can scale their businesses and accelerate their time-to-market without the worry of managing multiple carrier relationships. TD USA provides specialized services that are unavailable from traditional data centers and service providers, such as complex PCI, HIPAA, and SOX certified solutions; and fully managed data and security services. It provides contact center solutions for sales and support to managed services in specialized areas to provide "front-line" solutions to C-Level coaching. The company offers expertise in a range of industry, federal and state regulations, offering client training for GLBA, HIPAA, PCI DSS, SCADA, NERC, CJIS, and COBIT assessments. For information, email sales@transactiondatainc.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