Each will carry the title of Senior Vice President of Strategy and Business Development. The two executives collectively bring more than four decades of proven success creating companies, products and strategic relationships in the financial services arena.

"We're delighted to bring these well-respected and highly-regarded executives onto our team," said Bill Clark, president of Spindle. "Their skills and market savvy will significantly contribute to our strategy to position Spindle as a ubiquitous provider of mobile payments solutions. We look forward to accelerating the growth of our 'frictionless finance' paradigm through their contributions."

Brian Voigt has more than 21 years of expertise in the financial services and electronic payments industries. Prior to joining Spindle, he served as vice president of strategic partnerships for Bank of America Merchant Services (BAMS), with a focus on defining mobile Point of Sale ("POS") and unattended industry strategies. In addition to his work at BAMS, Voigt has held executive positions at several national companies, including First Data, Chase Paymentech and Bank of America. He earned a Bachelor of Business Administration degree from Texas Tech University.

John A. Tharpe brings more than 22 years of experience in financial services, and was a catalyst in building platforms and models for several successful payment companies, such as Official Payments Corp., TrustCommerce, and Global Payments. Tharpe most recently served as vice president of strategic partnerships at Bank of America Merchant Services , where he worked to establish BAMS' mobile wallet, third party payment gateway, professional sports acquiring and mobile payments strategies. Tharpe holds a Bachelor of Arts degree from Pepperdine University.

"Spindle represents an extraordinary opportunity for growth in the mobile commerce sector," commented Voigt. "Spindle's offerings define what transactions will look like in the futurure. It's exciting to join a dynamic organization that is focused on delivering the next generation of mobile commerce solutions."

"Both Brian and I recognize the potential that Spindle's secure mobile commerce platform offers to multiple audiences," said Tharpe. "The company has a broad vision for constructing a comprehensive ecosystem that will serve the needs of all parties affected by the evolution of commerce. We are looking forward to demonstrating the intrinsic value that Spindle brings to the marketplace."