September 24, 2014
Spindle is a leading provider of mobile commerce solutions. It offers an exclusive cloud-based point-of-sale (POS) platform called Yowza!!. The company recently announced its support for the Apple Pay solution embedded in the newly released iPhone devices. Merchants willing to accept Apple Pay can do so using the merchant aggregation platform, which is the acquiring and settlement platform for Yowza!! POS.
'The recent news from Apple certainly validates the huge market potential of mobile commerce, and also reaffirms Spindle's strong position as a critical facilitator for these services,' said Bill Clark, Spindle's chief executive officer. 'One of the primary advantages in having a cloud-based architecture is that we can easily integrate a wide range of technologies and features that will drive the mobile economy through accelerated merchant-consumer engagement, interaction and payment transactions. As a merchant services provider and a registered aggregator we are able to quickly and effectively add new mobile solutions to our platform and enable our retail partners to remain competitive and drive consumer engagement for both marketing and payment services, without any disruptions to their business.'
Spindle plans to support Apple Pay for its e-commerce customers when integration protocols become available. Spindle constantly focuses on pioneering new ways to integrate mobile payments acceptance and mobile marketing services in businesses. Spindle would also look forward to empower Apple Pay with advanced features like mobile marketing, geo-location, beaconing along with mobile payment services. Spindle possesses an extensive intellectual property portfolio which encompasses networks, mobile payments and security.
At The Money Event held earlier this month, Bill had put forward his views on mobile payments: Mobile payments are more secure than carrying plastic cards today because authentication in mobile phone based payments system is actually more robust. NFC might be little less secure but with stuff like HCE we are really moving forward. I think millennials are really looking for benefits, offers etc. The technology and security is not that much of a problem, convincing millennials to adopt mobile payments is.
Earlier this year Spindle had collaborated with RisePay, a developer of payment gateway systems for small businesses, service providers and mobile vendors. Spindle gained a sales channel that is currently focused on delivering a bundled payment processing offering to SMBs, which will also include mobile payments acceptance and mobile marketing. 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.