News Column

Oink Payments Service Aligns with WorldPay US Payment Platform

January 21, 2014

Safe youth payments technology now available to all of the 600,000 merchants who serve the teen market across 40 countries LOS ANGELES --(BUSINESS WIRE)-- Virtual Piggy, Inc. (OTCQB: VPIG), provider of innovative safe youth payments technology, Oink, today announced that it has teamed with WorldPay US (“WorldPay”) to increase its strategic 2014 merchant acquisition plans within the teen market. The WorldPay payment processing platform is used for in-person credit and debit transactions, online and mobile payments. Oink’s relationship with WorldPay will bring the safe youth payments technology to the WorldPay merchant network and facilitate integrations into teen focused retail websites and shops. Oink is the only COPPA-compliant payment technology designed to allow retailers and game publishers to reach under 21 consumers in a safe, legal and effective manner. The award-winning technology serves as a family wallet that is available online or via mobile, and is 100% free to use. “Integrating Oink into our payment processing offerings is a great addition to the current services that WorldPay offers,” said Tony Catalfano , President and CEO, WorldPay US . “We’re excited to work with Oink, bringing their COPPA-compliant solution to our clients worldwide and expanding their revenue opportunities within the teen market.” “WorldPay is an excellent partner for Oink,” said Dr. Jo Webber , CEO & Founder of Oink. “Their expertise with in-person, online and mobile payments fits our strategy perfectly, and we’re excited to reach their merchant base with our safe youth transactions solution.” For information about Oink visit www.oink.com About Virtual Piggy, Inc. Virtual Piggy is the provider of Oink, the first e-commerce solution that enables kids to manage and spend money within parental controls. It enables parents to teach financial management through the use of a secure family wallet that is available online or via mobile and is 100% free to use. The technology company delivers online security platforms designed for the Under 21 age group in the global online market, and also enables online businesses the ability to function in a manner consistent with the Children’s Online Privacy Protection Act (“COPPA”) and similar international children’s privacy laws. The company is based in Hermosa Beach, CA and on the Web at: www.virtualpiggy.com About WorldPay WorldPay US is the United States payment processing division of WorldPay . WorldPay is a global card payment acquiring business which allows customers to accept card payments both at point-of-sale and over the internet. Headquartered in London, England and operating in over 30 countries the company offers services across the entire payment value chain, including transaction capturing, merchant acquiring and transaction processing. For more information, visit WorldPay.us . Safe Harbor Statement All statements herein other than statements of historical facts are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. Such statements are not guarantees of future performance and are subject to known and unknown risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in such forward-looking statements. Such factors include, but are not limited to, our ability to raise additional capital, our limited operating history and revenue, our ability to attract and retain qualified personnel, our dependence on third party developers, our ability to develop new services, market acceptance of our services, legislative, regulatory and competitive developments, enforcement of our intellectual property, general economic conditions, as well as other factors set forth under the caption "Risk Factors" in our Forms 10-K filed with the SEC , and other filings with the SEC . Oink US: Public Relations Sarah Hall Productions Jenna Guarneri , 212-529-1598 Jenna@SHPNY.com or Investor Relations Investor Awareness Tony Schor , 847-945-2222 ext. 221 tony@investorawareness.com or UK : Suzanne Noble , +44 7957 371840 snoble@virtualpiggy.com or WorldPay PR Contact: Patti Newcomer , 678-587-1276 Chief Marketing Officer Patti.Newcomer@worldpay.us Source: Oink


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Business Wire


Story Tools