Spindle, Inc., (OTCQB: SPDL), a leading provider of mobile commerce solutions, announced it has signed a strategic agreement with Moolah, LLC, an independent sales organization (ISO) that serves thousands of merchants across the US.
Through this partnership, Moolah will integrate Spindle's merchant aggregation and payment processing infrastructure into its ecommerce and mobile offerings, enabling Moolah to offer instant merchant onboarding, increase merchant approval rates, and allowing those customers to begin accepting credit card payments in as little as ten minutes.
Moolah delivers tablet POS, ecommerce and mobile payment processing services to a number of merchants, including restaurants, bars, mobile and online businesses and small brick-and-mortar customers. Moolah plans to leverage Spindle's streamlined onboarding process to quickly underwrite merchants, including companies that may not have been approved through traditional means.
"We're excited to offer expedited boarding to Moolah, allowing them to accelerate acceptance rates for merchants, and rapidly expand their roster of active customers," said Bill Clark, chief executive officer of Spindle. "We are committed to empowering ISOs to expand their base by onboarding merchants in a streamlined, time-efficient manner, and to supporting the growing reliance on mobile and ecommerce acceptance. Spindle will continue to offer innovations that enable ISOs and merchant services providers to deliver the latest capabilities that satisfy evolving consumer preferences."
"Spindle's PSP platform adds powerful payment processing functionality to our existing suite of services, allowing us to become a more competitive entity," said Mark Rasmussen, managing partner at Moolah. "Spindle's solution is complementary to the services we already provide, which allows us to seamlessly incorporate it into our payments ecosystem without disrupting our operation. This technology will enable us to serve more businesses, in a much more efficient and responsive manner."