SOURCE: Spindle, Inc.

Spindle, Inc.

June 23, 2014 08:30 ET

Spindle Signs Strategic Agreement With RisePay

Developer Will Leverage Spindle's Payment Aggregation Services to Expedite Onboarding and Boost Merchant Approval Rates

SCOTTSDALE, AZ--(Marketwired - Jun 23, 2014) - Spindle, Inc., (OTCQB: SPDL), a leading provider of mobile commerce solutions, announced it has signed a strategic agreement with RisePay, a developer of payment gateway systems for small businesses, service providers and mobile vendors. Through this arrangement, RisePay will integrate Spindle's payment aggregation technology into its proprietary gateway platform, which will help differentiate its gateway services, and allow the company to quickly underwrite merchant applications and expand its penetration in the SMB market.

"We believe that RisePay's merchant approval rate will significantly increase through use of Spindle's technology, allowing RisePay to grow its base of small business customers by a substantial quotient," said Bill Clark, Spindle's chief executive officer. "Spindle will gain a sales channel that is focused on delivering a bundled payment processing offering to SMBs, which will also include mobile payments acceptance and mobile marketing."

Headquartered in Irvine, CA, RisePay offers a reliable, scalable payment gateway service that processes card payments for "micro" businesses. Its platform enables merchants to utilize smartphones as portable card-readers, giving them additional leverage to compete with larger retailers.

"Our merchants are searching for simple, easy-to-implement solutions that let them accept card-based payments from anywhere -- while focusing on their businesses instead of payment processing issues," said Anthony Ribas, managing director at RisePay. "Many of these merchants are on-the-move or work in different spaces from week-to-week. Spindle's technology will help us enroll more of these vendors onto our platform, empowering them to accept card payments as efficiently as larger companies. We look forward to collaborating with Spindle to grow this base together, and serve the multitude of small merchants that are looking for these solutions."

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.

About RisePay

RisePay is a unique payment-focused organization driven to satisfy the growing needs of business owners who accept credit cards and other electronic forms of payments anywhere, anytime they do business. Its business objective remains sensitive to value, price and competitive product and brand disruption that is both important and essential to its valued customers and partnerships. www.risepay.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.

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