OLB Group Announces mobile commerce SaaS services as part of the eCommerce suite of solutions provided

NEW YORK, Aug. 16, 2012 /PRNewswire/ -- OLB Group, Inc. (OTCBB: OLBG), an e-commerce service provider offering software products and services designed to help businesses sell products over the Internet, announced today that the company will launching a new mobile commerce SaaS service within its existing framework to provide a turnkey solution to small retailers, merchant banks and ISOs that are looking for a one-stop, unified solution to their eCommerce, mCommerce, marketing, Point-of-Sale and inventory management as a SaaS.

Available fourth quarter 2012, the SHOPFAST unified solution and inventory management will be available to retailers and managed in a single dashboard.  A small retailer will be able to get a POS system on an iPad or a tablet, and access the same POS from the retailer's regular computer from anywhere.  There will be a multi-location system to manage inventory and track it by barcode and QR code.  This will enable coupons and loyalty programs for customers, as well as data feeds to all major search engines such as Google, Bing and Yahoo.

We are also extremely excited to launch the 'White Label' solution for Merchant Banks and ISOs as an integrated API to our system. Our solution will provide the merchant banks and ISOs with the tools to compete with payment solutions in the market place such as PayPal, Amazon Payments, Square, Google Checkout and Intuit POS among other online POS system offerings similar to ours, but which are not combined as a unified solution.

With these services, we plan to provide a very affordable solution for small retailers as the need to compete with online retailers such as Amazon, eBay, and daily offers online grows in the months and years ahead.

During 2012, SaaS will be providing 5GB of cloud-based storage as a free trial to all current registered members of ShopFast.com and new members who join us now.  ShopFast.com will not require any long term subscriptions or commitment and can be cancelled at any time – this allows users of Shopfast.com to test their applications as needed without incurring unreasonable start up or recurring monthly costs.

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About The OLB Group, Inc.

The OLB Group is an e-commerce service provider that delivers fully outsourced private label shopping solutions. We provide our clients with seamless, end-to-end e-commerce and m-commerce solutions, including site creation, hosting, transaction processing, order fulfillment, customer service, sales reporting, and a virtual inventory of name-brand products from top-selling categories on the Internet. Our private label shopping site is designed to maintain the unique look and feel of our customer's website, providing seamless e-commerce functionality that keeps users on the shopping site at all times. Order fulfillment and customer service are also provided under the brand names of our clients. We remain invisible to the consumer. Our e-commerce platform also enables our clients to create their own online marketing promotions and to customize product content to meet the needs of their online users. Our turnkey online shopping solutions include "ShopFast Direct Shopping Database" or "ShopFast DSD." and ShopFast PC (profit center).

For more information, please visit
http://www.olb.com 
http://www.shopfast.com/
http://GHMConnect.com
http://GHMBenefits.com
http://www.shopfast.net/

Legal Notice Regarding Forward-Looking Statements: "Forward-looking statements" may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. The OLB Group, Inc. disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions (including in the information technology information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, changes in our business strategies.

Contact:

The OLB Group, Inc.
Ronny Yakov, 212-278-0900
[email protected]

SOURCE OLB Group, Inc.