SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMCNet:  Oink Expands Reach in Global Payments with SafetyPay Partnership

[June 24, 2014]

Oink Expands Reach in Global Payments with SafetyPay Partnership

LOS ANGELES --(Business Wire)--

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 (News - Alert) 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 inrease 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 (News - Alert) 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 (News - Alert), and other filings with the SEC.


[ Back To Technology News's Homepage ]

OTHER NEWS PROVIDERS







Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2014 Technology Marketing Corporation. All rights reserved.