Acculynk Direct's PayLeap Announces Partnership with Spindle
Integration of Platforms Will Better Position Both Companies to Serve the Global Mobile Market
ATLANTA--(BUSINESS WIRE)-- PayLeap (www.payleap.com), Acculynk's payment gateway and payments processing solution, announced that it has signed a strategic agreement with Spindle, Inc. (OTCBB: SPDL), a leading provider of mobile payments solutions. Through this partnership, the two companies plan to integrate their respective platforms to better serve the global mobile commerce market.
"We are very pleased to work with Acculynk Direct and its PayLeap solution to deliver relevant payment solutions to mobile, online and retail merchants," said Bill Clark, president of Spindle. "Acculynk is highly regarded for its suite of patent-backed authentication and encryption software services that enable greater online transaction security. The synergies between PayLeap and Spindle will enable each company to capitalize on many new opportunities, and serve the growing legions of merchants that are looking for mobile payments technology."
Acculynk's PayLeap payment platform provides multi-functional gateway, acquiring and card processing services for e-commerce, face-to-face, recurring, and online bill payments. Catering to merchants, resellers, and developers, PayLeap provides a secure, single-source solution which includes fraud management, tokenized cardholder data vault, secure checkout with LeapLock, plus developer friendly tools and mobile payment capabilities.
"This partnership represents an alliance between two organizations that have a track record for delivering frictionless payment solutions to merchants," said Ashish Bahl, CEO Acculynk. "Becoming part of the large and growing Spindle eco-system is a strategic opportunity for us to increase our reach and serve the needs of customers across the payments world."
Based in Scottsdale, Arizona, Spindle offers a comprehensive platform that supports consumer and merchant engagement services including payment, couponing, loyalty, and advertising in a secure end-to-end SaaS platform. The company's platform, which is white-labeled by financial institutions, mobile operators, and other organizations, is used to facilitate transactions among individuals and businesses. Spindle offers a technology-agnostic platform that manages customer boarding, risk and underwriting, and transaction processing.
Acculynk secures online transactions with a suite of software-only services backed by a patented authentication and encryption framework that provides greater security for issuers, EFT networks, merchants and payment processors. Acculynk's PaySecure® utilizes a graphical PIN-pad for the secure entry of a consumer's PIN online and is available to merchants through existing acquirer relationships, enabling speedy implementation. PaySecure is currently enabled on over 6,000 merchant websites. Acculynk has partnerships with 11 EFT networks to process PaySecure transactions and with six leading payment processors, and is certified with PULSE, First Data and Master Card, among other key industry leaders. Additionally, Acculynk Direct, offers PayLeap, a gateway and acquiring and card processing services, and Payzur, a debit-based P2P solution. Visit http://www.acculynk.com and http://www.payleap.com.
About Spindle, Inc.
Spindle is an innovator of mobile payment solutions for the banking industry, retail sector and consumer-facing companies. A pioneer in "Frictionless Finance," the company is actively developing new and improved ways for companies and end consumers to fluidly transact and exchange funds, regardless of platform. The Company is dedicated to delivery of secure payment services crossing traditional boundaries by offering cutting-edge solutions that enable buyers, sellers and individuals to transact face-to-face or virtually using mobile or internet devices. The Company also owns and has developed an extensive intellectual property portfolio, including patents pending, covering networks, mobile payments and security. For more information, visit www.spindlehq.com.
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 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.
Sandra Chesnutt, 678-894-7013
Glenn Goldberg, 516-705-6116
Chief Executive Officer
Parallel Communications Group
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