Circle Plus Payments Inc. & Tarsin Mobile Inc. Announce Definitive Merger

09 Dec, 2015, 16:40 ET from Tarsin Mobile Inc.

LOS GATOS, Calif., Dec. 9, 2015 /PRNewswire/ -- Joseph R. Cellura, Chairman and Creative Managing Director of TARSIN MOBILE INC., OTC "TMIX" is pleased to announce the definitive merger of Tarsin Mobile Inc. and "Circle Plus Payments Inc." The name of the company will be changed to CIRCLE PLUS to more accurately represent the business of the company. Together the combined companies will team up to deliver unique global payment solutions on mobile devices.

Nitish Kannan, the 26 year old CEO and Founder of Circle Plus Payments Inc., will remain CEO of the combined companies making him one of the youngest public company CEOs in the capital markets world wide: The Payable mobile app is live in 23 countries published in 32 languages. "We are the first integrated mobile application to accept debit cards, credit cards, bitcoin, as well as Apple Pay and Android pay for point of sale and via invoicing and SMS text pay. We believe the joint cooperation of the two companies will help us reach the next billion people to be part of the digital payments revolution," Nitish Kannan maintains. The company is engaged in creating a mobile payment solution that allows acceptance of such payments from anyone in the world seamlessly through a simple mobile device. 

Payable is the first app where any merchant with a smartphone can provide complete customized financial transactions with options for POS (Point of sale), remote sale using invoice option, QR (Quick Response) code, and Apple Pay without any external hardware. On top of that, anyone can accept bitcoin in his or her local currency without any conversion loss or having to hold bitcoin in over 23 countries.

John Osborne, one of the leading professionals in mobile, payment processing and publishing, commented:

"The union of Circle Plus' mobile payments with our Company's leadership in building regulatory compliant, secure, end to end and agnostic mobile publishing platforms has created an offering for retailers that will transform the mobile payment industry. The ability to support mobile secure merchant processing with no additional hardware will be key to the rapid adoption of Circle Plus as the leading global payment partner."

With the new generation Payable App, merchants no longer have to purchase new external readers or hardware to accept payments or send invoices. There are an estimated 1.24 billion payment cards and 15.4 million POS terminals currently in use, most of them in other countries. Merchants around the world must support transactions using the new EMV-compliant credit and debit cards with smart chips embedded. However, unlike competitors like Square and others, users of the Payable app are not required to purchase expensive EMV terminals to comply with the EMV mandate that went into effect earlier this month.

The Payable App is based on the Stripe Connect platform, and is supported by the focus on security and regulatory compliance of Tarsin Mobile that features Geo Fencing, Geo Verification, Geo Security and Geo Locating.

You can find the links to download the Payable app (both android and iOS version) at CirclePlusPayments.com

The mobile app Payable, a debit and credit card mobile processing app, can also be downloaded online on Google Play at https://play.google.com/store/apps/details?id=payableStripeConnect.CirclePlus&hl=en

Or the iOS version on iTunes at itunes.apple.com/us/app/payable-pay/id992043619?ls=1&mt=8

About Us
Circle Plus Payments is available in the United States, Canada, Europe, Australia and as of November 26th, 2015 in Japan and many other countries. Apps are PCI (Payment Card Industry) standard compliant, extremely secure and developed by payment industry experts with several patents pending.  Our growing client base is from all over the world. Daily transaction amounts for cards and bitcoins are not limited. App features include mass campaign features for donations, multiple employee sign-up under a single account, Apple Pay option, Wallet Payable option, shopping cart features and Quick books integration with no external hardware.

Circle Plus Payments Inc. has been featured on Wired Magazine, Retail Dive, Business Insider and Fox News.

Features and Facts
The Tarsin Mobile suite of Licenses and Right To Use agreements in mobile publishing offers a unique suite of fully featured and proven mobile solutions which are critical to the nature of secure transactions on mobile, not the least of which are identity confirmation, Geo Fencing, Geo Verification and Geo Location by state or region, a suite of consumer billing options including Point of Sale "POS", and a high level of personal and corporate security including device authentication prior to each m-commerce transaction. Supporting professional services, design services and project management services enable full systems integration with back-end infrastructure, web front ends and bricks-and-mortar operations. The platform supports marketing program integration and execution, ensuring high levels of distribution for operators, and ease of adoption for consumers. Its inbuilt scalability and resilience supports propositions launched on both national and international footprints. In 2013 mobile devices were reported to have surpassed the sale of computers for the first time in the history of computer-based devices. Tarsin Mobile, via its suite of licenses and Right to Use agreements in mobile ensures that hardware is supported upon production release and maximizes the addressable mobile market in real time. The Company supports over 1500 handsets, smartphones and tablets from 49 manufacturers. It is interoperable with 796 carriers and mobile operators worldwide including 51 in North America, and designs and publishes seamlessly across multiple variants of operating systems based on Apple, Android, Windows, Rim, Nokia, Java and BREW. Tarsin Mobile's services operate in 32 languages plus a further 5 regional variants, publishing over 3 million mobile applications to consumers.

SAFE HARBOR STATEMENT
This press release may contain certain forward-looking statements within the meaning of Sections 27A & 21E of the amended Securities and Exchange Acts of 1933-34, which are intended to be covered by the safe harbors created thereby. Although the company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, there can be no assurance that these statements included in this press release will prove accurate.

 

SOURCE Tarsin Mobile Inc.



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