Hermosa Beach, CA and Cleveland, OH- December 18, 2012 - Virtual Piggy, Inc. (OTCBB: VPIG) today announced it has signed an agreement with CardinalCommerce Corporation to integrate its youth payment technology into their Centinel® Universal Merchant Platform through Cardinal.
Cardinal is the global leader in enabling authenticated payments, secure transactions and alternative payment brands both for eCommerce and mCommerce.
"Cardinal is a key partner for Virtual Piggy", said Founder and CEO Dr. Jo Webber. "The reach of their client base and the efficiency of their technology will allow many new merchants to sign up and integrate with Virtual Piggy. We're very excited about the many avenues this partnership will open up for our business."
"We are pleased to offer Virtual Piggy as a payment option to our network of eCommerce and mCommerce merchants," said Colt McCutcheon, Vice President Global Sales CardinalCommerce. "Launching Virtual Piggy on the Centinel platform provides our Customers with the opportunity to generate revenue while providing parents the technology to allow their children to safely make online purchases. Virtual Piggy shares one of Cardinal's goals, which is to bring secure remote transactions to customers domestically and internationally."
About Virtual Piggy, Inc.
Virtual Piggy, Inc. is the first e-commerce solution that enables kids to manage and spend money within a parent-controlled environment. 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. Virtual Piggy enables the Under 21 audience to play, transact and socialize in a secure online environment guided by parental permission, oversight and control. The company is based in Hermosa Beach, CA and on the Web at: www.virtualpiggy.com
About CardinalCommerce
CardinalCommerce has been a pioneer in the remote payments industry since 1999 and is a branded global leader in enabling authenticated payment transactions in the electronic commerce and remote commerce markets.
Cardinal's SaaS software platforms for merchants, banks, processors and transaction supply chain providers create friction-free interoperability among otherwise disparate and incompatible operating systems. Cardinal's platforms enable technology-neutral authentication across a wide range of applications. The Company's proprietary, patented solutions easily facilitate the addition of new technology for remote distribution channels through a single connection. This allows merchants to securely accept payments from the entire financial transaction ecosystem.
The universe of payments spans from traditional credit and debit card brands like MasterCard and Visa, to established and emerging alternative payment brands like PayPal, Green Dot, and Alipay. In accommodating this growing number of payment brands and methods, and these technology and authentication approaches within legacy infrastructure, Cardinal's platforms serve as universal switches, supporting virtually all merchant platforms, wallets, processing systems and authentication methodologies.
CardinalCommerce is headquartered in Cleveland, Ohio and services a worldwide Customer base from facilities in the United States, Europe and Africa. For more information, visit www.cardinalcommerce.com.
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