As part of the agreement, Spindle will integrate its MeNetwork mobile commerce technology into Multi-maxs line of K-Cup vending machines. The MeNetwork solution will incorporate all card-based payment acceptance services, as well as mobile marketing services.
Spindles partner Cardis USA, a division of Cardis International, will also participate in the deal by providing low value payment processing services. In addition, Spindle will leverage global supplier of advanced telecommunications-based fraud prevention ValidSofts In-band Voice Biometrics authentication technology custom built for the mobile platform. ValidSoft has recently announced the integration of its advanced technology with Spindles new ‘MeNetwork360’ mobile commerce ecosystem. Through this arrangement, Spindle plans to distribute the K-Cup systems to businesses and coffee service suppliers throughout the US.
Spindles MeNetwork360 platform enables a number of features, including loyalty programs, electronic coupons, rebates and instant offers. The app also allows consumers to locate merchants, discover offers, accrue loyalty points and make purchases on their mobile devices.
In recent news, Spindle has entered into a distribution agreement with Mobile Merchant Innovative Technologies (MMIT), a communications services provider that serves wireless retail channels.
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