New Media's CloudPay Solution Revolutionizing Mobile Payments Industry

Mar 03, 2014, 08:00 ET from New Media Insight Group, Inc.

PHOENIX, March 3, 2014 /PRNewswire/ -- New Media Insight Group, Inc. ("New Media" or "the Company") (NMED), a leader in mobile payments, has introduced a mobile payment solution, CloudPay, that is revolutionizing the mobile payments industry by providing an easy and cost-effective solution for retailers and consumers alike.

CloudPay reduces merchant transaction fees by as much as 80% by accepting payments on any smartphone or WiFi-enabled device. This new payment innovation can save merchants tens of thousands of dollars every year

"By making use of simple mobile technologies, we can make paying with mobile secure and easy for consumers while lowering fees for merchants," said Michael Palethorpe, CEO of New Media Insight Group. "Merchants processing $250,000 per month in credit card transactions can save $5,000 in fees each month simply by transacting with CloudPay. We are helping these merchants secure an extra $60,000 of net profit on a yearly basis."

CloudPay comes with a free mobile and web app for merchants and consumers, no monthly fees and only takes minutes to set up.

"CloudPay is simply the evolution of payments," Palethorpe added. "It is simple for a consumer to use, more cost-effective for the merchant. I believe in five years or less, we will barely remember a time when people paid any other way."

Merchants can find out more about mCards, Cloud Payments and other New Media Insight Group solutions at: http://www.newmediainsights.com

About New Media Insight Group, Inc.

New Media Insight Group, Inc. (OTCBB: NMED) is an innovative mobile payments company. New Media Insight recently launched mCards, a system that allows merchants to accept mobile payments without any additional hardware other than an existing terminal that takes MasterCard. New Media Insight is employing a grassroots strategy to increase mCards adoption, focusing its efforts on building alliances with non-profits that already have strong relationships with merchants.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to any future sales of mCARDS, the features and security related to the mCARDS, any benefits that mCARDS may provide to medium and small businesses, and the company developing, acquiring and scaling solutions that monetize social and mobile media more effectively than traditional advertising.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Investor Contacts:
KCSA Strategic Communications
Phil Carlson / Brad Nelson
212-896-1233 / 1217
pcarlson@kcsa.com / bnelson@kcsa.com

 

SOURCE New Media Insight Group, Inc.



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