Spindle Enters Strategic Agreement with MerchantPlus


Provider will Expedite its Merchant Application Process Through Spindle's PSP Payment Solutions



Scottsdale, AZ — Spindle, Inc., (OTCQB: SPDL), a leading provider of mobile commerce solutions, has entered an agreement with MerchantPlus, a leading payment gateway and independent sales organization (ISO) headquartered in New York City's financial district. MerchantPlus is a registered ISO and MSP (MasterCard service provider) for Wells Fargo Bank.



As part of the arrangement, MerchantPlus will integrate Spindle's PSP payment solution into its NaviGate processing gateway for eCommerce and mobile transaction and incorporate a branded, Spindle-hosted "Apply Now" button into its website. The result will be an efficient, consolidated platform that accommodates real-time merchant application, decisioning, processing, and boarding activities. Through this easy-to-use interface, applicants for merchant accounts will receive a decision in real-time, and approved merchants will be summarily guided through the boarding process.



"We are proud that MerchantPlus will become our latest strategic ISO partner, and leverage Spindle's real-time decisioning, boarding and processing technology," stated John A. Tharpe, senior vice president of mobile payment strategy and business development at Spindle. "MerchantPlus clearly recognizes what we've known for some time: That merchants consistently demand immediate access to financial services through a comprehensive, integrated ecosystem. Together with MerchantPlus, we will deliver that integrated solution that customers demand."



"MerchantPlus is excited about its collaboration with Spindle," said Zachary Smith, founder of MerchantPlus. "We've been revolutionizing payments for online businesses for more than 10 years and the near-instant merchant account activation our customers will gain through the Spindle platform is unequaled in the traditional payments world. Coupled with our powerful gateway and integrated virtual terminal, we anticipate an expanded customer base and a better experience as more applicants are swiftly processed and boarded."



Leveraging the Spindle platform, MerchantPlus will feature the ability for merchants to seamlessly upgrade from instant activation accounts to the company's International and Enterprise electronic payment solutions.



About Spindle, Inc.



Spindle is an innovator of mobile commerce solutions for financial services providers and consumer-facing merchants of all sizes. Spindle is focused on pioneering new ways for businesses to rapidly integrate mobile payments acceptance and mobile marketing services while empowering location-based merchant discovery, fulfillment and frictionless mobile payments for consumers. Spindle is dedicated to expanding beyond traditional electronic payment boundaries by offering cutting-edge solutions that allow clients, partners, merchants and consumers to take full advantage of the rapidly emerging mobile economy. Spindle has an extensive proprietary intellectual property portfolio—which include patents pending—that encompass networks, mobile payments, and security. For more information, visit www.spindlehq.com.



About MerchantPlus



MerchantPlus offers electronic payment solutions for Internet businesses with a specialty in global eCommerce, subscription services and multi-channel retail. In business since 2003, MerchantPlus services thousands of merchants, from small startups to multinational corporations. http://www.merchantplus.com.




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