OLB Sees Strong
Opportunities in the Hospitality Sector for Its
DoubleBeam
Payments
Platform
Cloud-Based
Platform
Facilitates
Online
and Mobile
Services
That
Help
Cafeterias
and Food
Service
Operators
Overcome
COVID Restrictions
New York,
NY, December
3,
2020 -- InvestorsHub NewsWire -- –
The OLB Group, Inc. (NASDAQ: OLB), a provider of cloud-based
omnicommerce and
payment acceptance solutions for small- and
mid-sized merchants, announced
that
its DoubleBeam cloud-based
payment services platform has been optimized to enable hospitality
providers to expand business opportunities and deliver safe
customer service options in COVID-restricted
environments.
DoubleBeam is a
fully integrated component of OLB's omnicommerce portfolio,
delivering comprehensive marketing, ordering,
payment, and fulfillment processes
through intuitive software and hardware. Utilized by operators of
every size, DoubleBeam leverages the cloud to provide frictionless
customer service and simple integration with back office processes
and kitchen operations.
"We've been
working hard throughout the pandemic to ensure that DoubleBeam
customers can easily transition from a traditional premise-centric
business model to a cloud-based infrastructure that facilitates
safe business practices, including online ordering and fulfillment,
contactless payment, and flexible delivery options," said Ronny
Yakov, chief executive officer for OLB. "By processing millions of
transactions each month, DoubleBeam is proving its value as a
secure and reliable solution that helps hospitality providers and
other businesses flourish in the
most challenging situations. We expect this trend to continue as
more organizations seek efficient options to maintain
operations."
DoubleBeam
hardware and software can often be set up in less
than 15 minutes. The platform's features include seamless order
entry and processing with a direct link to kitchen printing
systems, templates for menu management, a website builder,
marketing and loyalty programs, and a free mobile app. DoubleBeam
online and mobile apps also allow customers to pay for orders
before entering the establishment, store favorite orders and
payment sources, and provides a pathway for advertising and loyalty
promotions.
DoubleBeam, and
the entire OLB omnicommerce solution set, offer merchants a broad
array of seamless integrations with inventory, warehouse, and
supply chain management, accounting, employee scheduling and time
tracking, and other business platforms.
Merchants
interested in
implementing DoubleBeam
services
can set up
an account at
https://doublebeam.com/get-started/. Resellers interested in
adding DoubleBeam to their portfolio should
visit
https://doublebeam.com/new-reseller.
For more
information about The OLB Group, please visit
www.olb.com and
www.olb.com/investors-data.
Investor
Database for Future Press Releases and Industry
Updates
Interested
investors and shareholders are invited to be added to the
corporate email database for corporate press
releases and industry updates by sending an email to
investorrelations@OLB.com.
Safe Harbor
Statement
All statements
from The OLB Group, Inc. in this news release that are not based on
historical fact are "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995 and the
provisions of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements include, but are not
limited to, statements concerning the impact of COVID-19 on our
operations and financial condition our ability to implement our
proprietary merchant boarding and CRM system and to roll out our
Omni Commerce applications to our current merchants and the
integration of our secure payment gateway with our crowdfunding
platform. While the Company's management has based any
forward-looking statements contained herein on its current
expectations, the information on which such expectations were based
may change. These forward-looking statements rely on a number of
assumptions concerning future events and are subject to a number of
risks, uncertainties, and other factors, many of which are outside
of our control, that could cause actual results to materially
differ from such statements. Such risks, uncertainties, and other
factors include statements regarding the expected revenue and
income for operations to be generated by The OLB Group, Inc. For
other factors that may cause our actual results to differ from
those that are expected, see the information under the caption
"Risk Factors" in the Company's most recent Form 10-K and 10-Q
filings, and amendments thereto, as well as other public filings
with the SEC since such date. The Company operates in a rapidly
changing and competitive environment, and new risks may arise.
Accordingly, investors should not place any reliance on
forward-looking statements as a prediction of actual results. The
Company disclaims any intention to, and undertakes no obligation
to, update or revise any forward-looking statement.
About The
OLB Group, Inc.
The OLB Group,
Inc. is a payment facilitator and commerce service provider that
delivers cloud-based merchant services for web-based and
brick-and-mortar organizations. OLB provides a seamless, end-to-end
digital commerce solution that includes site creation, hosting,
transaction processing and payment gateway, order fulfillment,
customer service, outbound marketing, sales reporting, and
fundraising. With services from private label shopping sites
designed to maintain the unique look or feel of the merchant
website, to order fulfillment and customer service, OLB remains
invisible to the user and promotes the merchant's brand with
market-leading technology and solutions. For more information about
solutions, services, or to find a reseller, please visit
www.olb.com. Investor information is
available at
www.olb.com/investors-data.
Contact:
Glenn
Goldberg
Parallel
Communications, Inc.
ggoldberg@parallelpr.com
(5160 705-6116
The OLB Group -
Investor Relations
Rick
Lutz
InvestorRelations@olb.com
(212) 278-0900
EXT: 333