News from the Wire

Flint adds mobile payment support for teams, releases iOS8 update

Friday, September 19, 2014 — 12:24:59 (EDT)

San Francisco, Sept. 18, 2014 -- Mobile payment service Flint Mobile today announced the addition of a Team Accounts feature that allows multiple users within an organization to use a single Flint account to securely accept payments, create invoices and send Apple Passbook coupons from their smartphone. The upgrade gives business owners control over user privileges, provides individual as well as rollup reporting, and leverages Flint's no-extra-hardware-needed technology to deliver the market's only team solution that does not rely on external readers to take card payments. That in turn eliminates the need to distribute hardware and avoids the risk of missing a sale if a card reader is lost or broken.

The company also introduced its application update for iOS8, available immediately as a free download on the AppStore.

The new Flint Team Accounts feature – available for both iOS and Android devices – enhances Flint's mobile business management capabilities for small businesses operating outside traditional storefronts. Flint secures and streamlines team use by providing:

• Instant team member activation – no waiting for additional approval or hardware
• Separate login credentials and account permissions for each user
• Owner-only access to bank account information and reporting by user
• The ability to enable or disable transaction features for team members
• Real time publishing of all merchant customizations and updates to the team, including itemization of business services, receipt design, coupon creation and more
• Automatic data sync across iPhone and Android platforms, supporting mixed-device environments

The Team Accounts introduction is part of Flint's roadmap to enable mobile business productivity beyond payment transactions. In June, the company launched its QuickBooks Online integration that eliminates manual mobile payments data entry by automatically sync'ing all Flint-based mobile transactions, line items and customer information with QuickBooks Online accounts. In late 2013, Flint introduced couponing via Apple Passbook and is the only company in the category that enables small businesses to leverage Apple's emerging wallet platform for loyalty offers.

"We continually receive inquiries from businesses with multiple employees who want to know if Flint can support more than single-user accounts. They need a team-wide mobile payment solution that can securely manage all transactions in one place with all activity flowing through the company bank account," said Flint co-founder and CEO Greg Goldfarb. "With Flint Team Accounts, we are able to serve this new segment of the small business market and offer complete freedom from card reader hassles that are multiplied in a team environment."

These enhancements extend Flint's benefits for mobile business management, including the ability to take payments by securely scanning the card number with the phone's camera, send invoices for easy online bill payment, handle cash and checks, and run promotions using customized coupons with Apple Passbook integration. Merchants can begin accepting payments instantly with no need for a merchant account or external hardware for swiping. The app is free to download with transaction fees of 1.95% for debit card payments, 2.95% for credit cards, and no fees for managing cash, checks, invoices or coupons.

Flint will demo its platform, including the new Team Account feature, at Booth #116 at today's Small Business Expo at San Francisco's Fort Mason Festival Pavilion.

About Flint Mobile, Inc. Flint is a mobile payment service that enables small business owners to run their business from the palm of their hand. Designed for businesses that operate outside of traditional retail stores, Flint's iOS and Android apps allow users to take credit cards without a card reader – by scanning instead of swiping – or via online invoice payments. To facilitate customer loyalty and referrals, the all-in-one platform also offers digital coupons, customized e-receipts, and a merchant portal for payment tracking, invoice management and more. As a secure Payment Service Provider, Flint also provides instant setup without a merchant account and low transaction fees. Founded in 2011 and based in Redwood City, California, Flint is backed by top-tier Silicon Valley investors and mobile operators. For more information, visit www.flint.com .

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Source: Company press release.