Accumulate and PayPal to co-operate on mobile solutions

Accumulate and PayPal has signed an agreement where PayPal will use Accumulate’s security platform Mobile Everywhere for coming mobile services.

Stockholm, Sweden – September 14, 2011. Accumulate today announced that they have started a partnership with PayPal, based on Accumulate’s award winning security platform Mobile Everywhere. The companies will work jointly on mobile services projects for the Swedish local market.

”The agreement is great news and we look forward to partnering with PayPal and to support the innovative mobile services based on our technology”, says Stefan Hultberg, CEO of Accumulate.

About Accumulate Mobile Everywhere (ME)

The Accumulate ME platform enables the second generation of mobile financial services using ONE platform;

• Mobile payment – including all payment situations, POS (including NFC), person-to-person, online, man-to-machine, remittance etc.

• Mobile banking – a mobile channel for all transactional and informational services

• Mobile security – secure login, electronic signing and eID using the mobile

• Other services – information services, secure credit card, ticketing, coupons, loyalty cards, etc.

Services are easily added or changed without having the end user to re-download, reinstall or reactivate their mobile client application. The ME platform supports all major mobile platforms including:

• Android

• Blackberry

• iPhone

• Java

• Symbian

• Windows

More information

Stefan Hultberg, +46 70 350 5704, stefan.hultberg@accumulate.se.

Lars Aase, +46 701 44 18 22, lars.aase@accumulate.se.