Integrates MeNetwork's mobile wallet system .
Spindle, Inc., a provider of mobile commerce solutions, has announced that it has signed an agreement with Signifi, a provider of interactive vending solutions for retail environments. Spindle’s MeNetwork mobile wallet payment solution will be incorporated into Signifi’s intelligent ‘SpotShops’ vending machines.
With the integration of the MeNetwork mobile wallet functionality will enhance payment options for consumers, and enable them to pay for purchases at the ‘SpotShops’ vending kiosks using their smartphones. The kiosks accept transactions via Visa, MasterCard and American Express, all of which can be conducted through the wallet.
“This is a notable development for both Signifi and Spindle,” said Bill Clark, chief executive officer at Spindle. “It elevates the overall purchasing experience for ‘SpotShops’ customers by allowing consumers to conveniently pay for high-end merchandise with a few clicks of their mobile devices. This relationship demonstrates the potential that exists between mobile commerce technology and next-generation kiosk-based merchandising. We’re excited about the fresh opportunities this dynamic presents for Spindle with other non-traditional retail POS venues.”
“Spindle’s MeNetwork mobile wallet capability allows Signifi to engage our customers in a new manner, providing a more progressive, immediate and secure payment option at our ‘SpotShops,'” said Shamira Jaffer, chief executive officer of Signifi Solutions Inc. “The addition of this payment feature positions us on the forefront of the mobile POS trend. We look forward to the additional benefits the MeNetwork solution will deliver to our customer base.”
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more
