New Media Insight Group, Inc. (OTCBB: NMED) is coming back lows after its restructuring as announced in April. After lows of $1.25 last month and dips this month approaching those lows, the stock is rebounding.
The Company offers a “CloudPlay” solution as shown below in their press release on this:
New Media Insight Group, Inc. (“New Media” or “the Company”) (OTCBB: NMED), a leader in mobile payments, offers a unique CloudPay solution that is poised to be at the forefront of the mobile payment industry.
The mobile payment industry is gaining significant traction in the global retail market. In the US alone, mobile transactions have experienced 118% annual average growth over the last five years. As such, major credit card companies are rushing to break into the space through several integrative platforms. CloudPay operates through a unique, purely mobile-to-mobile application, that can save merchants up to 80% on their annual transaction fees and requires no additional hardware.
“As we see more and more shoppers and merchants utilizing mobile transaction options, we also see a significant push from major credit card and payment providers to penetrate the industry,” stated Michael Palethorpe, CEO of New Media. “CloudPay is an innovative, mobile-to-mobile payment solution that we believe, is ‘ahead of the game’ in terms of technology and price points for these retailers. We are confident that as the industry continues to gain traction, CloudPay’s best-of-breed solution will emerge as a prominent player in the space.”
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.