DALLAS, Texas - March 18, 2013 (Investorideas.com mobile payment stocks newswire) Calpian, Inc. (
OTCQB:CLPI)
announced today that it has completed the purchase of the assets of
Pipeline Data, an Atlanta, GA-based payments company offering
proprietary payments-related software and services and third-party
payment platforms. Calpian, Inc. has renamed the organization Calpian
Commerce.
Calpian Commerce will combine the benefits of Pipeline's superior
product offerings with Calpian's unparalleled industry and marketing
experience to better serve its U.S. market of small to mid-sized
merchants, ISOs and Agent Bank customers. Calpian Commerce will offer an
integrated payment solution to meet the evolving needs of all types of
merchants including brick-and-mortar, Internet, mobile and
card-not-present merchants.
Leading the new organization will be Calpian, Inc.'s President,
Craig Jessen. �We are very excited to form Calpian Commerce and to apply
our industry experience into creating a fully-integrated payments
company that offers best-in-class service to each of our customer
constituencies. We are working with the very talented team, formerly of
Pipeline Data, to assimilate all products under the Calpian Commerce
umbrella to ensure a seamless transition for all involved. This
acquisition represents Calpian Inc.'s commitment to becoming a
world-class payments company with leading-edge solutions for virtually
every payment scenario."
About Calpian, Inc.
Calpian, Inc. (
OTCQB:CLPI)
is a publicly traded company with corporate offices in Dallas, Texas,
operating centers in Georgia, New York and Illinois and mobile payments
emerging-market operations through its subsidiary in India.
Calpian's wholly owned subsidiary, Calpian Commerce, provides the
merchant community with an integrated suite of payment platforms and
related software based products. Calpian Commerce offers access to
leading third party payment platforms to process credit and debit card
transactions, ACH, mobile acceptance and gateway payment solutions to
merchants in the U.S. operating in the physical �brick and mortar�
environment as well as over the Internet, and in settings requiring
wired as well as wireless/portable payment solutions. Calpian Commerce
delivers its products and services to merchants via three delivery
chains: a direct sales force, ISOs and Agent Banks.
Calpian's Indian subsidiary offers Money-on-Mobile, a pre-paid
mobile payment solution, to more than 126,000 Indian retail locations.
Calpian's management team has over 70 years in combined experience in
the payments business. Calpian's CEO, Harold Montgomery, is a recognized
industry leader who has provided expert testimony to the U.S. Congress
and Federal Reserve Bank on payments-related issues and regularly
appears in numerous industry publications, such as Transaction World
Magazine. Please visit our website at
www.calpian.com for more information.
Forward Looking Statements
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934. All statements other than
statements of historical facts included in this press release are
forward-looking statements. These statements relate to future events or
to the Company's future financial performance, and involve known and
unknown risks, uncertainties and other factors that may cause our actual
results, levels of activity, performance or achievements to be
materially different from any future results, levels of activity,
performance or achievements expressed or implied by these
forward-looking statements. Investors should not place any undue
reliance on forward-looking statements since they involve known and
unknown, uncertainties and other factors which are, in some cases,
beyond the Company's control which could, and likely will, materially
affect actual results, levels of activity, performance or achievements.
Any forward-looking statement reflects the Company's current views with
respect to future events and is subject to these and other risks,
uncertainties and assumptions relating to operations, results of
operations, growth strategy, liquidity, and building a larger credit
facility. Such risks, uncertainties and other factors, which could
impact the Company and the forward-looking statements contained herein
are included in the Company's filings with the Securities and Exchange
Commission. The Company assumes no obligation to publicly update or
revise these forward-looking statements for any reason, or to update the
reasons actual results could differ materially from those anticipated
in these forward-looking statements, even if new information becomes
available in the future.
Contact:
Calpian, Inc.
Cynthia Bailey, 214-758-8600
Chief Marketing Officer
cbailey@calpian.com
or
Company Contact:
Harold Montgomery, 214-758-8600
CEO
haroldmontgomery@calpian.com
or
Investor Relations Contact:
John Liviakis, 415-389-4670
john@Liviakis.com
Published at Investorideas.com newswire
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