PHOENIX, May 27, 2014 /PRNewswire/ -- New Media Insight Group, Inc. ("New Media" or "the Company") (OTCBB: NMED), a leader in mobile payments, announced today that it has recently added over twenty new merchants to its CloudPay network in the greater Phoenix area.
New Media's CloudPay mobile payment technology allows merchants to accept payments from a consumer's mobile, mCard wallet on any wireless or Internet connected device. CloudPay also allows individuals who own a smart phone or tablet to accept mobile payments in which transaction fees are only 0.5%.
"The versatility and accessibility of our mobile-to-mobile CloudPay solution allowed for us to execute our grassroots strategy by bringing these twenty-plus merchants into our network and expanding our active user base," stated Michael Palethorpe, CEO of New Media. "We are seeing great reception from these new members, especially from the merchants, who are already experiencing savings of up to 80% on their transaction fees. Looking ahead, we anticipate major credit card and payment providers to penetrate the mobile payment industry. As we continue to roll out our mobile-payment solutions to other sections of the United States and globally, it is vital for us to leverage against a vast, existing network of users."
Merchants can find out more about mCards, Cloud Payments and other New Media Insight Group solutions at: http://www.newmediainsights.com
About New Media Insight Group, Inc.
New Media Insight Group, Inc. (OTCBB: NMED) is an innovative mobile payments company. New Media Insight recently launched mCards, a system that allows merchants to accept mobile payments without any additional hardware other than an existing terminal that takes MasterCard. New Media Insight is employing a grassroots strategy to increase mCards adoption, focusing its efforts on building alliances with non-profits that already have strong relationships with merchants.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to any future sales of mCARDS, the features and security related to the mCARDS, any benefits that mCARDS may provide to medium and small businesses, and the company developing, acquiring and scaling solutions that monetize social and mobile media more effectively than traditional advertising.
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SOURCE New Media Insight Group, Inc.