SCOTTSDALE, AZ--(Marketwired - Jan 14, 2014) - Spindle, Inc., (OTCQB: SPDL) ("Spindle"), a leading provider of mobile commerce solutions, today announced that it has signed an agreement with Signifi, a provider of interactive vending solutions for retail environments. Through this new relationship, Spindle's MeNetwork mobile wallet payment solution will be incorporated into Signifi's intelligent "SpotShops" vending machines. The announcement was made at the National Retail Federation (NRF) "Big Show" in New York City.
According to Spindle, the integration of the MeNetwork mobile wallet functionality will enhance payment options for consumers, and enable them to pay for purchases at the "SpotShops" vending kiosks using their smartphones. Customers can rent or purchase DVDs, video games, Apple-licensed products, upscale clothing, accessories and other items through these kiosks that are situated in well-trafficked areas such as airports and shopping plazas. The automated kiosks accept transactions via Visa, MasterCard and American Express, all of which can be conducted through the wallet.
"This is a notable development for both Signifi and Spindle," said Bill Clark, chief executive officer at Spindle. "It elevates the overall purchasing experience for 'SpotShops' customers by allowing consumers to conveniently pay for high-end merchandise with a few clicks of their mobile devices. This relationship demonstrates the potential that exists between mobile commerce technology and next-generation kiosk-based merchandising. We're excited about the fresh opportunities this dynamic presents for Spindle with other non-traditional retail POS venues."
"Spindle's MeNetwork mobile wallet capability allows Signifi to engage our customers in a new manner, providing a more progressive, immediate and secure payment option at our 'SpotShops,'" said Shamira Jaffer, chief executive officer of Signifi Solutions Inc. "The addition of this payment feature positions us on the forefront of the mobile POS trend. We look forward to the additional benefits the MeNetwork solution will deliver to our customer base."
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 Signifi Solutions Inc.
Signifi develops automated retail solutions that transcend traditional consumer expectations. The company delivers engaging automated retail solutions that are sleek and visually appealing while smart and super-intuitive. Signifi's interactive tools increase close ratios at store level and improve interaction between customers. Product lines include Automated Retail Technologies and Sales Assist. www.signifi.com
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