Virtual Piggy Increases Global Footprint
Virtual Piggy and WorldPay integrate to deliver an international youth payment
LOS ANGELES -- February 20, 2013
Virtual Piggy, Inc. (OTCBB: VPIG), an innovator in safe youth payments, today
announced the addition of WorldPay as a payment gateway partner.
Virtual Piggy allows parents to set up a monthly allowance for their children
and promotes financial management while empowering under 18’s to make
purchasing, saving and other money management decisions for themselves, within
the boundaries setup by parents.
WorldPay is amajor global leader in payment processing, handling an average
of over 12 million transactions per day. WorldPay was the first UK bank to
offer a full internet banking service and now operates in over 40 countries,
making it one of Europe’s largest payment service providers. The company
offers services across the entire payment value chain, including transaction
capturing, merchant acquiring and transaction processing.
Only weeks after announcing that they had signed a Joint Marketing Agreement,
Virtual Piggy and WorldPay have completed the integration of their solutions.
Virtual Piggy is also already integrated with leading commercial eCommerce
platforms such as Magento from eBay, DemandWare and osCommerce. The addition
of the WorldPay, with its 200 alternative payment mechanisms as a new standard
payment gateway facilitates the global expansion of Virtual Piggy, especially
into regions where the use of credit cards is not as ubiquitous as it is in
the US and the UK.
David Drever, VP Global Partnerships for WorldPay explained, “Like many other
organizations in the payment sector we had been tracking the dynamic growth of
Virtual Piggy. We are delighted that both our organizations will be able to
offer each other’s products to our existing and future customers as a simple
“WorldPay has the enviable position as a market leader in alternative payment
options,” said Joe Peden, General Manager of Virtual Piggy EMEA. “We already
have customers in the UK for whom WorldPay will be their preferred payment
option. As we expand our European operations our WorldPay integration will be
deployed in even more merchant eCommerce stores and games.”
For information about Virtual Piggy visit www.VirtualPiggy.com
About Virtual Piggy, Inc.
Virtual Piggy, Inc. is the first e-commerce solution that enables kids to
manage and spend money within a parent-controlled environment. The technology
company delivers online security platforms designed for the Under 18 age group
in the global online market, and also enables online businesses the ability to
function in a manner consistent with the Children’s Online Privacy Protection
Act (“COPPA”) and similar international children’s privacy laws. Virtual Piggy
enables the Under 18 audience to play, transact and socialize in a secure
online environment guided by parental permission, oversight and control. The
company is based in Hermosa Beach, CA and on the Web at: www.virtualpiggy.com
Safe Harbor Statement
All statements herein other than statements of historical facts are
forward-looking statements within the meaning of the “safe harbor” provisions
of the Private Securities Litigation Reform Act of 1995. These statements are
based upon our current expectations and speak only as of the date hereof. Such
statements are not guarantees of future performance and are subject to known
and unknown risks and uncertainties that could cause our actual results to
differ materially from those expressed or implied in such forward-looking
statements. Such factors include, but are not limited to, our ability to raise
additional capital, our limited operating history and revenue, our ability to
attract and retain qualified personnel, our dependence on third party
developers, our ability to develop new services, market acceptance of our
services, legislative, regulatory and competitive developments, enforcement of
our intellectual property, general economic conditions, as well as other
factors set forth under the caption "Risk Factors" in our Forms 10-K filed
with the SEC, and other filings with the SEC.
Sarah Hall Productions
Jenna Guarneri, 212-529-1598
Peter S. Pelullo, 610-825-8805
Suzanne Noble, +44 7957 371840
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