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Issue Date: Vol. 54, No. 2, February 2014, Posted On: 1/17/2014

Spindle Integrates Payment Wallet Into SpotShop Vending Machines

Tim Sanford
TAGS: vending, vending machine, mobile wallet, Spindle, mobile commerce solutions, Signifi's SpotShop machines, National Retail Federation, Big Show, MeNetwork mobile wallet, automated kiosks, Bill Clark

NEW YORK CITY -- Spindle, which develops and markets mobile commerce solutions, has announced an agreement with Signifi (Mississauga, ON, Canada), a provider of interactive vending machines, under which Spindle's MeNetwork mobile wallet payment capability will be incorporated into Signifi's SpotShop machines. The accord was announced during the National Retail Federation's 103rd annual "Big Show" Expo at the Jacob K. Javits Convention Center here.

According to Spindle, the integration of the MeNetwork mobile wallet functionality will enhance payment options for consumers, enabling them to pay for purchases at SpotShop vending kiosks using their smartphones. Customers can rent or purchase DVDs, videogames, Apple-licensed products, upscale clothing, accessories and other items through these kiosks that are situated in such high-traffic public sites as airports and shopping plazas. The automated kiosks accept transactions via Visa, MasterCard and American Express, all of which can be conducted through the MeNetwork wallet.

According to Spindle chief executive Bill Clark, the agreement "demonstrates the potential that exists between mobile commerce technology and next-generation kiosk-based merchandising."

Signifi chief executive Shamira Jaffer observed that "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. "The addition of this payment feature positions us on the forefront of the mobile POS trend."

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.

Signifi develops and delivers engaging automated retail solutions that are sleek, visually appealing, smart and intuitive. Its product lines include Automated Retail Technologies and Sales Assist.

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