Oink Expands Reach in Global Payments with SafetyPay Partnership
June 24 2014 - 8:00AM
Business Wire
Payment Solution Providers Partner to Increase
Payment Flexibility in Expanding Markets
Virtual Piggy, Inc. (OTCQB:VPIG), provider of Oink, the
award-winning payment technology for families and teens, today
announced that it has partnered with SafetyPay™.
SafetyPay is the ultimate provider of alternative payment
solutions for global e-commerce sites. This unique technology
enables consumers to shop online paying directly from their bank
account in their local currency, allowing them to purchase
merchandise from anywhere in the world. Partnering with this real
time online-banking payment solution will enable Oink to accept
local payments as they rapidly expand into European and Latin
markets.
Oink is the only payment technology designed to allow retailers
and game publishers to reach under 21 consumers in a safe, legal
and effective manner compliant with the FTC and other international
regulations. The innovative technology serves as a digital family
wallet that is available online or via mobile and allows safe,
secure transactions – all within parental controls.
“We’re excited to partner with such an innovative technology as
Oink to expand safe and secure transactions for any age group,
globally,” said Gustavo Ruiz, CEO at SafetyPay. “Oink offers many
unique payment scenarios that can help retailers and gaming
publishers in any country increase conversion and engagement
rates.”
"The importance of real payment flexibility as we expand into
new markets with the Oink technology cannot be underestimated,”
said Dr. Jo Webber, CEO & Founder of Oink. “SafetyPay’s
extensive experience and knowledge in handling payments in multiple
currencies across numerous platforms make them a valuable partner
as we increase our international presence.”
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 and teens to manage and spend money
within parental controls. It enables parents to teach financial
management through the use of a secure family wallet. 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 SafetyPay
SafetyPay is a real time online-banking payment solution that
enables hundreds of millions of consumers to shop from merchants
worldwide and pay directly from their bank account in their local
currency. The SafetyPay solution is available in the USA, Europe,
Canada and Latin America. SafetyPay guarantees no fraud and no
chargebacks while supporting mobile, call center applications,
e-invoices, pay-outs and promotions. To learn more about SafetyPay,
visit http://www.safetypay.com.
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.
Virtual Piggy, Inc.US:Public RelationsSarah
Hall ProductionsJenna Guarneri,
212-529-1598Jenna@SHPNY.comorInvestor RelationsInvestor
AwarenessTony Schor, 847-945-2222 ext.
221tony@investorawareness.comorSafetyPay:Barbara Bibas,
786-294-6411bbibas@safetypay.com
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