Strategic Relationship Gives Merchants and Consumers Greater Options for E-commerce and Mobile Commerce

BOULDER, Colo., May 07, 2012 (BUSINESS WIRE) — Inspire Commerce, a Boulder-based credit card processing company, and makers of InspirePay, today announced that it will license its .pay(TM) brand of services to the payment systems provider Spindle, Inc. (SPDL.OB).

“This agreement, to license the use of the .pay(TM) brand (dot pay(TM)) and related technologies is a landmark in the evolution of online payments,” said Mark Fischer, Inspire Commerce co-founder and CEO. “Spindle, Inc. brings an entire new tool set to the InspirePay environment, and beyond. Merchants will be able to receive instant approval for new payment processing accounts. As we work together, .pay(TM) will be extended into third party environments including web and mobile.”

Headquartered in Scottsdale, AZ, Spindle Inc. is a leading provider of alternative and mobile commerce payment platforms for merchants and consumers. The company’s RhinoPay(R) product is a highly-secure payment solution that facilitates person-to-person, person-to-business, business-to-person, and business-to-business payments.

Through this new partnership, merchants will be able to white label instant approval functionality on the InspirePay platform and within the person-to-person money movement space.

The .pay(TM) brand was used in commerce for the first time in June of 2011. The company’s website and trained customer service associates assist with financial transactions including merchant services, echeck solutions, digital wallets and payment services. They even setup web sites for merchants via the InspirePay platform. Inspire Commerce’s fully customizable platform allows businesses of all sizes to private label their pay experiences and shopping carts for their customers.

“InspirePay’s easy-to-use, customizable and secure protocol to make and receive payments offers an exciting and complementary route to market for Spindle’s RhinoPay payment solution,” said Bill Clark, president of Spindle Inc. “By integrating Spindle technology with the .pay(TM) brand of services, we can deliver a robust solution that can facilitate e-commerce and m-commerce transactions for both merchants and consumers.”

About Inspire Commerce

Based in Boulder, Inspire Commerce is the first universal payment platform that consolidates all online commercial transaction options into a single, streamlined, secure and customizable payment hub. It’s flagship application, InspirePay, provides businesses and consumers with an easy-to-use, flexible and secure protocol to make and receive payments without the complexity of expensive, disconnected, closed systems. For more information visit, www.inspirepay.com .

About Spindle, Inc.

Spindle is an innovator of mobile payment solutions for the banking industry, retail sector and consumer-facing companies. A pioneer in “Frictionless Finance,” the company is actively developing new and improved ways for companies and end consumers to fluidly transact and exchange funds, regardless of platform. The Company is dedicated to delivery of secure payment services crossing traditional boundaries by offering cutting-edge solutions that enable buyers, sellers and individuals to transact face-to-face or virtually using mobile or internet devices, this includes RhinoPay(R), a frictionless way to pay. The company also owns and has developed an extensive intellectual property portfolio, including patents pending, covering networks, mobile payments and security. For more information, visit www.spindleHQ.com .

SOURCE: Inspire Commerce