The OLB Group, Inc. operates as an e-commerce company in the United States. Products The company’s product is ShopFast, which is an offering suite of software products for small retailers. As a cloud-based solution, the company offers a new mobile commerce SaaS service within their existing framework. Utilizing the cloud provides a solution to small retailers, merchant acquiring banks, and white label solutions for ISOs that are looking for a unified solution to their eCommerce, mCommerce, marketing, point-of-sale, and inventory management needs. This cloud-based solution manages data located in physical stores, online stores, and offices providing real-time dashboards with relevant information. The company has developed the software product, ShopFast-POS. Services The ShopFast All In One unified solution and inventory management tool would be available to retailers and managed in a single dashboard. A small retailer would be able to get a POS system with a built-in CRM on an iPad or any tablet, and access the same POS on a computer from anywhere. There would be a multi-location system to manage inventory and track it by barcode and QR codes. This would enable coupons and loyalty programs for customers, as well as data feeds to all major search engines, such as Google, Bing, and Yahoo. The company is also excited to launch a new ‘White Label’ solution for merchant banks and ISOs as an integrated API to its system. The company’ solution would 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. The company would be providing the inventory, marketing, and gateway tools to the mobile applications of the bank and the merchant Website. New Products PayAnywhereBills is a cloud-based system that allows users to bill customers online and accept payment by credit card and ACH. PayAnywhereBills simplifies billing and payments for small businesses. With PayAnywhereBills, business owners could utilize features, such as recurring billing, Web payment forms, credit card processing, email invoicing, and more. The SaaS-delivered service makes it easy to collect, track, invoice, and manage receivables on one platform. PayAnywhereAnything is an online payment acceptance SaaS solution that enables mobile acceptance of credit cards and features a POS system. Customers The company would be primarily targeting ecommerce retailers, small businesses, home businesses, new businesses, entrepreneurs, Ebay.com and similar Websites sellers, and consumers. Business Strategy As part of the company’s business strategy, the company intends to acquire complementary businesses. Intellectual Property The company has obtained the domain name, http://www.shopfast.com (shopfast.com), as well as http://www.shopfast.net (shopfast.net). The company also has obtained the domain name, http://www.olb.com, which would be utilized to provide information about the company, as well as information about its products and services. The company still maintains ownership of the domain name, http://www.colorbank.com. Regulation The company’s advertising is subject to review by the National Advertising Council. The U.S. Federal Trade Commission and state and local consumer affairs bodies oversee various aspects of the company’s sales and marketing activities, and customer handling processes. Competition The company’s principal competitor in the e-commerce service provider space is Monster Commerce. Its competition includes Internet retailers, such as Amazon, Yahoo, Ebay.com, and half.com. History The OLB Group, Inc. was founded in 1993.
olb group inc (OLBG:OTC US)
200 Park Avenue
New York, NY 10166
|Amazon.com Inc||$673.26 USD||-2.08|
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|Price/Cash Flow||NM||Not Meaningful|
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