CelPog announces
the first U.S. mobile phone based payment system focused on the
college student community.
Released
on: September 24, 2007, 11:44 am
Press
Release Author: CelPog LLC
Industry:
Financial
Press
Release Summary: CelPog launches first mobile phone based payment
system for use by college students based on concept of communities.
Solution provides payment, debt, and project sharing capabilities.
Press
Release Body: “College students carry little cash, seldom
write checks, and all too often get zapped with excessive credit
card charges,” according to David Blinbaum, a
recent Cornell graduate and co-developer of CelPog.
“They regularly share expenses and easily lose track of who
owes what to who but they never lose track of their cell phones.”
In
response to this reality, and with major input from students at
Cornell and UPenn, CelPog has launched its new
mobile payment solution specifically tailored to
college students. Its platform handles peer-to-peer payments via
mobile phones plus a wide range of other features that track debts
and shared expenses. CelPog’s student service
is offered free of charge.
CelPog’s
unique approach to mobile financial transactions is based on the
concept of communities. According to Jacques Blinbaum, CEO
and Founder of CelPog, “We see ourselves as the
first to launch a mobile payment solution that builds upon established
relationships. By doing so we are able to create a more user friendly
experience. Fraternities, sororities, and other groups now have
an efficient new way to send out bills, collect money, and track
payments. Individuals can use CelPog for peer-to-peer
transactions like sharing bar tabs or travel expenses. Roommates
will use our shared expense feature to automatically keep track
of house expenses. With over 15,000,000 college students out there
we hope to build a significant core base of users during this academic
year.”
CelPog
is currently offered to students with a valid college or
high-school email address. Users can opt to fund their CelPog
account by linking it to their traditional bank account or they
can limit its use to a debt tracking tool. CelPog will
soon expand to include local merchants and will also offer its technology
to partnering financial institutions thereby adding credit, bill
payment, and ATM functions.
CelPog’s
proprietary technology was independently developed. It is currently
available at www.CelPog.com.
About
CelPog LLC:
CelPog
LLC is a newly formed company focused on delivering state
of the art payment solutions to U.S. customers. CelPog’s
founder and CEO, Jacques Blinbaum, a native New Yorker, is the founder
of F2b (www.f2b.com.br),
a Brazilian payment solution provider established
in 1999. For the past eight years F2b has been
a leading innovator in the field of electronic payments with a special
focus on mobile solutions designed to serve the needs of a diverse
range of customers who are underserved by traditional banking institutions.
Web
Site: http://www.celpog.com
Contact
Details: Jacques Blinbaum - CEO (jb@celpog.com)
Melissa Sheehan - Vice President of Marketing and Communications
(ms@celpog.com)
CelPog LLC
230 Park Avenue – Suite 917
New York, NY 10169
212.490.4094
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