Accumulate and YellowPepper Sign Strategic Partnership for Mobile Financial Services in Latin America

Latin American financial institutions and corporate clients now have a broader choice of secure and easy to use mobile payment, mobile banking and mobile security services.

Miami, USA and Stockholm, Sweden – September 25, 2012. Accumulate and YellowPepper announced today that they have signed a strategic partnership agreement. YellowPepper is now the Developing Partner for Accumulate in the Latin American region.

“YellowPepper is already the leading provider of mobile financial solutions in Latin America. We are constantly focused on delivering the best-in-class mobile financial services to our continuously growing client base. Through this partnership with Accumulate we are further strengthening this position. In fact, we have already seen the added-value from financial institutions that have acquired our Smart-Banking 3.0 solutions,” says Serge Elkiner, CEO and Co-Founder of YellowPepper.

YellowPepper’s Smart-Banking 3.0 solutions, based on Accumulates award-winning Mobile Everywhere platform, operates on all major mobile technology platforms such as Android, iPhone, Java, Blackberry and Windows.

 The Smart-Banking 3.0 solutions include:

• Smart-Payment – Mobile payments with unique & patented processes that eliminate the sharing of sensitive information between a payer and a payee. The solution supports POS, Mobile POS, Online, m-Commerce and Vending machine purchases.
• Smart-Banking – A mobile banking solution with the highest application security and a wide range of widgets such as GPS, camera, augmented reality and video support.
• Smart-Security – The solution enables the mobile phone to be the authentication & signature device for Web login, Digital signature, 3D Secure, PIN and card-less ATM withdrawals, eliminating the need for hardware tokens, coordinate cards and other security solutions.

 ”The agreement with YellowPepper is exciting news. Together we can provide innovative mobile financial solutions to a broad client base that combines market-leading security with ease of use and flexibility. This agreement is just the initial step of this strategic partnership, where we see tremendous potential,” says Stefan Hultberg, CEO and Co-Founder of Accumulate.

For additional information, please contact:

Accumulate

Stefan Hultberg, CEO & Co-Founder, stefan.hultberg@accumulate.se

Lars Aase, VP marketing, lars.aase@accumulate.se

YellowPepper

Serge Elkiner, CEO & Co-Founder, selkiner@yellowpepper.com

Alexander Sjogren, Product director, asjogren@yellowpepper.com

About YellowPepper

YellowPepper is the leading mobile financial network in Latin America.  The Company’s unique value proposition allows banks, Mobile Network Operators (MNOs) and merchants to conduct mobile financial transactions in a secure, efficient and convenient manner.  Founded in 2004, the Miami-based company is the recipient of the first IFC (World Bank) equity investment in a mobile financial company in Latin America.  The company is currently operating in nine countries (Mexico, Colombia, Peru, Ecuador, Guatemala, Dominican Republic, Bolivia, Haiti and Panama) and boasts over 4.8 million active users, conducting more than 20 million transactions per month.

Please visit www.yellowpepper.com for more information.