SOURCE: Spindle Inc.

May 28, 2014 13:20 ET

Spindle Signs Strategic Agreement With Moolah, LLC

Spindle's Payment Services Platform (PSP) to Facilitate Merchant Approvals and Boarding

SCOTTSDALE, AZ--(Marketwired - May 28, 2014) -  Spindle, Inc. (OTCQB: SPDL), a leading provider of mobile commerce solutions, announced it has signed a strategic agreement with Moolah, LLC, an independent sales organization (ISO) that serves thousands of merchants across the US. Through this partnership, Moolah will integrate Spindle's merchant aggregation and payment processing infrastructure into its ecommerce and mobile offerings, enabling Moolah to offer instant merchant onboarding, increase merchant approval rates, and allowing those customers to begin accepting credit card payments in as little as ten minutes.

Moolah delivers tablet POS, ecommerce and mobile payment processing services to a number of merchants, including restaurants, bars, mobile and online businesses and small brick-and-mortar customers. Moolah plans to leverage Spindle's streamlined onboarding process to quickly underwrite merchants, including companies that may not have been approved through traditional means.

"We're excited to offer expedited boarding to Moolah, allowing them to accelerate acceptance rates for merchants, and rapidly expand their roster of active customers," said Bill Clark, chief executive officer of Spindle. "We are committed to empowering ISOs to expand their base by onboarding merchants in a streamlined, time-efficient manner, and to supporting the growing reliance on mobile and ecommerce acceptance. Spindle will continue to offer innovations that enable ISOs and merchant services providers to deliver the latest capabilities that satisfy evolving consumer preferences."

"Spindle's PSP platform adds powerful payment processing functionality to our existing suite of services, allowing us to become a more competitive entity," said Mark Rasmussen, managing partner at Moolah. "Spindle's solution is complementary to the services we already provide, which allows us to seamlessly incorporate it into our payments ecosystem without disrupting our operation. This technology will enable us to serve more businesses, in a much more efficient and responsive manner."

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.

About Moolah, LLC. 

Moolah is a boutique merchant service provider with a simple philosophy to deliver the very best payment experience to their clients. The company takes a fresh approach to the payment space by providing technologies of tomorrow, being transparent with the costs and over delivering on the customer service. For more information, visit www.moolah.cc

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.

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