Spindle, a unified commerce-services provider, and Pay Cell Systems, which offers e-commerce services for niche markets, agreed to a partnership on Monday whereby Pay Cell will utilize Spindle’s payment-aggregation abilities to optimize operations.
Pay Cell Systems has grown significantly over the past few months. It needed a payment-aggregation model to deliver simplified boarding, pricing and roll-up of individual business customers while delivering split funding between embedded independent business entities and also complying with regulations for sub-merchant identification and reporting.
"With the ever-evolving rules associated with payment facilitation, we are engaging with more and more companies in … supplying optimum payment solutions for their downstream business, while simultaneously providing the transparency required by the card associations," Spindle CEO Bill Clark said. "Spindle can provide a full-service payment-facilitator platform to companies like Pay Cell, to embed with their existing turn-key solutions, to comply with required transparency of the aggregated merchants."
Spindle’s solutions will provide payment-facilitation (PF) services for Pay Cell's business lines. The first implementation will be the Cell Pay solution, which currently supplies technology and payment processing to 300 cellular retail stores.
"We're delighted that we were able to forge this relationship with Spindle in order to support the needs of (our) 300 business-to-business customers,” Pay Cell CEO C. Jibril Sulaiman II said. ”We now have the ability to plug in simple-yet-powerful payment solutions for our other product lines. We anticipate that this will help us to both build and retain our client base more quickly with the integrated solutions and services through this relationship with Spindle."
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