The home improvement chain also said the malware responsible for the breach has been removed from all stores.
Integration with Spindle’s MeNetwork Platform Enables Retailers and Restaurants to Connect with Consumers Through Mobile Devices
SCOTTSDALE, Ariz. – Spindle, Inc. (OTCBB:SPDL), a leading provider of mobile payments solutions, today announced it has reached an agreement with TruEffect, a leader in First-Party display advertising technology, to integrate Spindle’s MeNetwork mobile marketing platform with TruEffect’s display advertising services. As a result of this partnership, TruEffect will be able to use the MeNetwork platform to deliver location- and time-relevant offers from major retailers and restaurants to consumers through their mobile devices.
“We are delighted to form this partnership with TruEffect, which is considered the leader in First-Party advertising services,” said Bill Clark, president of Spindle. “We expect the combination of TruEffect’s First-Party advertising technology with MeNetwork’s robust mobile marketing platform will result in more efficient marketing campaigns and serve the needs of both merchants and consumers.”
As part of the agreement, TruEffect will utilize its sales force and customer relationships in an effort to increase the volume of merchants on the MeNetwork platform. MeNetwork plans to leverage TruEffect’s powerful First-Party display advertising platform to acquire customers by providing incentives to download the MeNetwork app in select advertisements.
The MeNetwork application was recently featured by Apple during the iOS 6 launch as a prime example of native Passbook integration. The MeNetwork app is designed to allow merchants to push offers, events, and announcements to consumers who have “subscribed” to the merchants they want to hear from, and this active connection between merchant and consumer has propelled MeNetwork to a benchmark-beating user engagement rate among lifestyle category apps (user engagement rate is the percentage of app downloaders who have used the app at least once in a rolling 30-day window).
Headquartered in Westminster, Colorado, TruEffect is recognized as a leading provider of First-Party advertising solutions. TruEffect's technology is designed to enable more efficient delivery of web-based marketing programs, and give advertisers and agencies greater visibility into the effectiveness of campaigns.
”The partnership with Spindle will significantly expand the breadth of our offering to our national and regional retail customers,” said Finn Faldi, chief executive officer of TruEffect. “Integrating mobile marketing with our display advertising platform will result in a compelling solution that we expect will yield both strong penetration and customer conversion rates.”
About Spindle, Inc.
Spindle is an innovator of mobile commerce solutions for financial services providers and consumer-facing merchants of all sizes. Focused on pioneering new ways for businesses to rapidly integrate mobile payments acceptance and mobile marketing services while empowering location-based merchant discovery, fulfillment and frictionless mobile payments for consumers, Spindle is dedicated to expanding beyond traditional electronic payment boundaries by offering cutting-edge solutions that allow clients, partners, merchants and consumers to take full advantage of the rapidly emerging mobile economy. Spindle has an extensive proprietary intellectual property portfolio—which include patents pending—that encompass networks, mobile payments, and security. For more information, visit www.spindlehq.com.
TruEffect uses a First-Party customer data approach that enables advertisers to improve targeting the right ad to the right person, more accurately measure advertising effectiveness and improve performance while managing costs all to increase return on ad spend for their customers. TruEffect achieves this return on ad spend performance by providing a software as a service advertising technology suite that is individually configured to the requirements of advertisers and agencies to deliver, measure, manage and target their internet media activities.
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements, as described in our reports filed with the Securities and Exchange Commission which are available for review at www.sec.gov, to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
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