PARALLEL SOLUTIONS WORKING WITH ISIS™ TO ENABLE MOBILE COMMERCE

MEDIA CONTACT:
Amy Courage
435-640-8109
amyc@parallelsolutions.com

Park City, UT – July 10, 2012 – Parallel Solutions, a leading provider of merchant payment solutions, today announced it is working with Isis™, the mobile commerce joint venture created by AT&T Mobility, T-Mobile USA and Verizon Wireless. Parallel Solutions will assist merchants in accepting the Isis Mobile Wallet™, which utilizes contactless payments and commerce.

Parallel Solutions is an innovative payment processing solutions provider founded in 2007 with offices in Utah, Texas, Colorado and Georgia. Parallel Solutions offers a suite of value-added products that have been brought together to allow merchants to minimize their cost and maximize the efficiency of their payment processing infrastructure. These services include mobile payments, interchange optimization, electronic bill payment and presentment as well as fraud management.

“The payment processing landscape has changed dramatically over the years and merchants require the most cutting-edge products and services to allow them to manage their business and gain greater control over their payment acceptance and customer acquisition strategy.” said Parallel Solutions President, Tom Lineen. “We believe Isis is poised to be the leader in mobile payments and Parallel Solutions is excited and uniquely positioned, with offices in the two Isis pilot markets, Salt Lake City, Utah and Austin, Texas, to help drive the successful launch of Isis into these target markets and usher us into the mobile payments revolution.”

Isis uses NFC technology at the point-of-sale to provide merchants with the ability to accept payments, loyalty cards and coupons all with a tap of a consumer’s phone. Merchants can leverage the Isis Mobile Commerce Platform™ to gain exposure, build relationships, and extend loyalty programs and relevant offers to customers.

“Merchants are ready for effective solutions to engage and build loyalty with their consumers,” said Mark McKinney, senior business development executive, Isis. “Isis is pleased to be working with Parallel Solutions to provide merchants new ways to leverage the benefits of mobile commerce.”

ABOUT PARALLEL SOLUTIONS

Parallel Solutions is one of the fastest growing merchant acquirers in the nation providing a wide array of value-added electronic processing solutions. While innovative technology and products keep Parallel Solutions on the cutting edge, unprecedented service and integrity have made them an industry leader. For more information about Parallel Solutions, please visit www.parallelsolutions.com, or call 888-924-4248.

Isis, Isis Mobile Wallet and Isis Mobile Commerce Platform are trademarks of JVL Ventures, LLC.
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