Bling Nation Completes SAS 70 Type II Audit

PALO ALTO, Calif.--(BUSINESS WIRE)--Bling Nation, a provider of mobile payments services that connect financial institutions, businesses and consumers through mobile tap-and-pay purchases at the point of sale, announced the completion of its SAS 70 Type II audit and its receipt of the related audit report. Bling Nation obtained the report from Ernst & Young following that firm’s completion of an independent assessment of the controls over the company’s business processes.

“The successful completion of our SAS 70 audit validates the stringent standards we apply to our internal controls”

Statement on Auditing Standards No. 70 (SAS 70) is a widely recognized auditing standard developed by the American Institute of Certified Public Accountants, against which service providers report control activities and processes to customers and their auditors. Bling Nation selected Ernst & Young due to the firm’s global leadership and expertise in the industry. As part of the audit process, Ernst & Young closely examined and tested the operational environment and the company’s internal controls.

“The successful completion of our SAS 70 audit validates the stringent standards we apply to our internal controls,” said Wences Casares, co-CEO of Bling Nation. “The audit is an integral part of our commitment to offering secure and reliable service to our customers.”

About Bling Nation

Bling Nation mobile payment services connect local financial institutions and businesses, allowing customers to use their mobile phones to tap and pay for purchases and receive text account balance and transaction confirmations at the point of sale. Businesses and financial institutions eliminate payment processing middlemen, while differentiating their services and supporting community “shop local” programs. For additional information, visit www.blingnation.com or follow us at www.twitter.com/blingnation.