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 payment solution provider Merchant e-Solutions.
Merchant e-Solutions is a leader in simplifying payments. The company helps merchants accept payments anywhere in the world and easily manage them all in one platform. The Merchant e-Solutions global network processes over $14 billion in credit card transactions annually and supports 150 global currencies including all major credit cards, debit, and alternative payment solutions. 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 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.
“Oink’s unique payment technology is rapidly expanding into broader markets as a payment solution for both families and merchants with a teen audience,” said Paulo Guzzo, CEO at Merchant e-Solutions. “This partnership will allow us to bring their safe, secure payment method to more merchants in more locations with a simple integration.”
“Merchant e-Solutions is a great addition to our Channel Partner Program,” said Dr. Jo Webber, CEO & Founder of Oink. “With their comprehensive payment services in multiple markets, we look forward to partnering with them as we continue to expand internationally.”
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 and on the Web at: www.virtualpiggy.com.
About Merchant e-Solutions
Merchant e-Solutions is a U.S.-based company headquartered in the heart of Silicon Valley in Redwood City, California, and registered in the state of Delaware. Merchant e-Solutions is both a merchant acquirer and global processor and is owned by Cielo S.A., Latin America’s leader in electronic payment solutions. Cielo S.A. acquired Merchant e-Solutions in 2012 primarily for its industry-leading technology platform, world-class service, and payment expertise. Headquartered in Sao Paulo, Brazil, Cielo S.A. is a publicly traded company serving more than 1.3 million active merchants and covers 99% of Brazilian territory.
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