Paydiant Wins Best Mobile Solution at CNP Awards

White Label Mobile Wallet Takes Judges Choice Award at 2014 CardNotPresent Event

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| Source: Paydiant, Inc.

WELLESLEY, Mass., May 23, 2014 (GLOBE NEWSWIRE) -- Paydiant took home the Judges Choice for Best Mobile Solution at the 2014 CNP Awards which were announced Wednesday night, May 21st. The awards, hosted by CardNotPresent.com, recognize the best companies, programs and solutions in the card-not-present payments industry. The winners, chosen by a panel of five experts from a record pool of 75 nominees, were recognized at a special celebration during the CNP Expo taking place from May 21-23 at the Omni Orlando Resort in ChampionsGate, Florida.

Paydiant's cloud-based, white-label mobile payment, offer redemption and loyalty platform allows merchants and banks to deploy and manage their own mobile wallets, under their own brands. It integrates easily with merchants' and banks' existing mobile apps, loyalty platforms and point-of-sale (POS) systems, requires no new POS hardware, and works with existing and future mobile and payment technologies. It also enables consumers to use their smartphones, instead of their debit or credit cards, to withdraw cash securely from ATMs. 

The CNP Awards were created by CardNotPresent.com to recognize superlative achievement in card-not-present payment technology. The companies honored make accepting payments easier and more secure for card-not-present merchants. The CNP Awards are the only industry honors focused entirely on service providers in the card-not-present industry.

"Significant growth in e-commerce and mobile payments continues to spur innovation and excellence from the technology providers serving card-not-present merchants," said CardNotPresent.com CEO Steve Casco. "That growth is reflected in this year's CNP Awards, which had a record number of nominations and a record number of votes for Customer Choice nominees. The CNP Awards have become the standard by which companies, programs and services around the world are being recognized and judged now and in the future."

About Paydiant

Paydiant is the provider of a cloud-based, white label mobile payment, cardless ATM access, offer redemption and loyalty platform that enables merchants, banks, and payment processors to deploy and manage their own mobile payment and ATM access solutions under their own brand and on their own terms. Based on a patented, cloud-based transaction processing platform, the Paydiant solution enables the key stakeholders in the payments value chain – retailers, banks and payment processors – to control the next generation of payment solutions. Visit www.paydiant.com for more information about the Paydiant solution and follow us on Twitter @Paydiant.

Tim Walsh
for Paydiant
617.512.1641