Spindle, (OTCQB: SPDL), a leading provider of mobile commerce solutions, announced it has reached an agreement with iConnect, a global provider of software-based point-of-sale (POS) solutions, to provide merchant aggregation and payment processing services to iConnect's US-based merchants.
Through this arrangement, iConnect will leverage Spindle's instant merchant approval process to expedite and board merchants on the Spindle payments platform.
Headquartered in Denver, iConnect is a global provider of cloud-based point-of-sale solutions for merchants in a wide range of sectors including: retail, health and beauty services, quick service restaurants, and kiosks and unattended payments. iConnect's products are compatible with iOS devices, through the Web, and via its own 'ConnectMe' app. The company currently serves merchants in excess of 20 countries.
"Our agreement with iConnect gives Spindle a substantial opportunity to provide our merchant processing services and mobile commerce solutions to a vast audience of both large and small merchants," said Bill Clark, Spindle's chief executive officer. "Our core onboarding and payment processing solutions dovetail perfectly with iConnect's rich cloud-based POS technologies.
Through our combined offering, we have the ability to empower legions of merchants across the country to accept mobile payments in a reliable, non-disruptive, and fully secure manner."
Subodh Gupta, iConnect's founder and president stated, "We are excited about our partnership with Spindle. This platform gives us the opportunity to deliver unprecedented value to merchants by offering them a superior payment platform that brings cost savings, consolidated services, and better customer experiences."