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Issue Date: Vol. 52, No. 5, May 2012, Posted On: 4/30/2012

Spindle Rolls Out Turnkey RhinoPay Payment Platform

Emily Jed
cashless vending, vending machine payment system, Spindle Inc., RhinoPay payments, vending machine, vending business, Apriva Vend, MEI, Bill Clark, unattended POS, electronic transactions, mobile payments

LAS VEGAS -- Spindle Inc. introduced its turnkey RhinoPay payments solution at the National Automatic Merchandising Association's OneShow in Las Vegas.

RhinoPay facilitates payments among consumers and between businesses and consumers through both e-commerce and mobile commerce portals. It integrates with a wide range of traditional payment mechanisms, including check, debit and credit cards, giving both consumers and merchants flexibility in conducting transactions.

RhinoPay integrates with Spindle's processing bank to offer a flat-rate pricing plan, instant activation and 36-hour funding. Spindle offers the Apriva Vend cashless vending solution and leasing options for MEI hardware to vending operators.

"Vending operators are continuously looking for a cost-effective, seamless and reliable solution to accept cashless payments," said Spindle president Bill Clark. "Our partnership with Apriva, MEI and one of the nation's leading processing banks will result in a superior one-stop, full service solution that will enable operators to substantially increase revenue and lower operating costs by accepting cashless transactions."

In January, Spindle Inc. acquired Spindle Mobile, a developer and distributor of transactional technologies. It assumed development and distribution of all Spindle Mobile solutions, which include the not-yet-released RhinoPay platform. Spindle president Bill Clark was previously executive vice-president and general manager of Apriva's POS division. | SEE STORY

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