Spindle, a provider of unified commerce solutions, has signed strategic processing relationship agreement with Pay Cell Systems, a provider of eCommerce solutions for niche markets.
Under the deal, Spindle will provide payment aggregation processing for Pay Cell Systems’ business lines.
Go deeper with GlobalData
The first implementation will be the Cell Pay solution which currently supplies technology and payment processing to 300 cellular retail stores. Based in Pensacola Florida, Pay Cell supplies services in a variety of verticals.
Spindle claims that its payment aggregation solution will enable Pay Cell to deliver simplified boarding, pricing, and supports the roll up of individual businesses into a streamlined process while delivering split funding, the separation of the embedded independent business, and compliance with the card association aggregation rules for sub-merchant identification and reporting.
Spindle chief executive 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."
"This is a good win for both companies. Pay Cell will move their payment processing service to Spindle, while maintaining their current business model and margins. To further our focus on growing revenue, Pay Cell will also become a reseller for Yowza!! branded solutions to their customers and resellers," Clark added.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataPay Cell Systems CEO C. Jibril Sulaiman II said: "We now have the ability to plug in a 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.
"This agreement allows us to strengthen our product lines with the confidence of a reliable and secure payment processing platform behind, offering flexibility to customize processes and pricing for each of our four product lines in order to meet our market needs. When delivering software solutions to our clients, we feel it is essential for us to work with a savvy, and trusted partner such as Spindle, we couldn’t be happier about our direction," Sulaiman added.
