06 December 2016
Visit aciworldwide.com

RisePay to integrate Spindle payment aggregation technology into gateway platform

23 June 2014  |  1624 views  |  0 Source: Spindle

Spindle, Inc., (OTCQB: SPDL), a leading provider of mobile commerce solutions, announced it has signed a strategic agreement with RisePay, a developer of payment gateway systems for small businesses, service providers and mobile vendors.

Through this arrangement, RisePay will integrate Spindle's payment aggregation technology into its proprietary gateway platform, which will help differentiate its gateway services, and allow the company to quickly underwrite merchant applications and expand its penetration in the SMB market.

"We believe that RisePay's merchant approval rate will significantly increase through use of Spindle's technology, allowing RisePay to grow its base of small business customers by a substantial quotient," said Bill Clark, Spindle's chief executive officer. "Spindle will gain a sales channel that is focused on delivering a bundled payment processing offering to SMBs, which will also include mobile payments acceptance and mobile marketing."

Headquartered in Irvine, CA, RisePay offers a reliable, scalable payment gateway service that processes card payments for "micro" businesses.  Its platform enables merchants to utilize smartphones as portable card-readers, giving them additional leverage to compete with larger retailers.

"Our merchants are searching for simple, easy-to-implement solutions that let them accept card-based payments from anywhere—while focusing on their businesses instead of payment processing issues," said Anthony Ribas, managing director at RisePay.  "Many of these merchants are on-the-move or work in different spaces from week-to-week.  Spindle's technology will help us enroll more of these vendors onto our platform, empowering them to accept card payments as efficiently as larger companies.  We look forward to collaborating with Spindle to grow this base together, and serve the multitude of small merchants that are looking for these solutions."

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
http://www.financialcrimerisk.fiserv.com/aml?r=finextraFind out moreVisit aciworldwide.com

Who is commenting?

A Finextra member Finextra Member Commented on: Guesswork alone can cr...
A Finextra member Finextra Member Commented on: Guesswork alone can cr...
A Finextra member Finextra Member Commented on: Guesswork alone can cr...
A Finextra member Finextra Member Commented on: Guesswork alone can cr...

Top topics

Most viewed Most shared
Guesswork alone can crack Visa card security - Newcastle UniversityGuesswork alone can crack Visa card securi...
6488 views 12 comments | 15 tweets | 25 linkedin
OCC to offer fintech firms bank charter statusOCC to offer fintech firms bank charter st...
6274 views comments | 23 tweets | 15 linkedin
Bank CEOs fret about ROI as startups drive IT arms raceBank CEOs fret about ROI as startups drive...
6174 views comments | 17 tweets | 21 linkedin
Amazon signs up tech firms to financial services cloud programmeAmazon signs up tech firms to financial se...
5971 views comments | 14 tweets | 15 linkedin
hands typing furiouslyBanking Data For Third Parties
5583 views 0 | 2 tweets | 2 linkedin

Featured job

to Six-Figure Base, Bonus, Benefits
London, UK

Find your next job