7/29/09

iOffer.com Sellers Increasingly Select mPayy to Provide Buyers Faster, More Secure Checkout Experiences

Katie Evans , Managing Editor, International Research

Growth Confirms Demand for Debit-Based Mobile Commerce Solutions

Chicago, July 29, 2009 – mPayy, a scalable online and mobile payment provider, today announced that iOffer.com, an innovative, alternative auction and trading site, has successfully completed the deployment of mPayy technology to provide seamless, faster experiences for buyers and sellers.

“The future of retail lies in mobile commerce,” said Ryan Boyce, President and CEO of iOffer.com “We decided to include mPayy as an online payment alternative because we view its technology as a strategic enabler for catapulting our site into the next generation of e-commerce.”

“We’re very encouraged by the month-over-month growth in sellers selecting mPayy as one of their online payment solutions on iOffer,” said Conrad Sheehan, founder and CEO of mPayy. “Our highly scalable payment platform for Internet retailers improves margins by reducing fraud and transaction costs.”

mPayy’s secure debit solution provides iOffer buyers an alternative payment solution to credit cards. Buyers making purchases on iOffer can instantly open an mPayy personal account to make quick, simple and secure payments from their checking accounts with just a cell phone number and password.

mPayy technology empowers iOffer’s sellers to take their stores “on the road” by transforming their cell phones into mobile point of sale systems. iOffer sellers experience significant savings on every transaction versus competing online or mobile payment services with mPayy Small Business accounts.

About mPayy, Inc (www.mpayy.com)

mPayy is a secure online and mobile payment provider that enables merchant processing for any sized online retail business, plus quick and simple purchasing for buyers. The company’s highly scalable payment platform for Internet retailers improves margins by reducing fraud and transaction costs. mPayy has created an efficient and ubiquitous payment service that enables profitable micro-payments; easy, yet secure purchases of digital content and physical goods; and free person-to-person payments. mPayy is fundamentally changing the economics of both e-commerce and m-commerce.

About iOffer

iOffer fosters the relationships between Sellers and Buyers in a venue based on honest negotiations between individuals. And since launch, the goal has remained the same: to bring real people together to buy and sell, to exchange ideas and information in an engaging and entertaining manner within a safe and secure environment.

Media Contact:

Kristie Heins Fox

Ruder Finn for mPayy

312.329.3985
mpayy@ruderfinn.com

Topics:

credit card, E-commerce payment system, Economics, Payment gateway, Technology

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