OLB Sees Potent Prospects in the Hospitality Sector for Its DoubleBeam Payments System – Push Launch

NEW YORK–(Business Wire)–The OLB Team, Inc. (NASDAQ: OLB), a supplier of cloud-primarily based omnicommerce and payment acceptance solutions for compact- and mid-sized merchants, announced that its DoubleBeam cloud-dependent payment providers platform has been optimized to permit hospitality suppliers to increase enterprise options and supply harmless buyer services choices in COVID-limited environments.

DoubleBeam is a thoroughly integrated ingredient of OLB’s omnicommerce portfolio, delivering complete marketing, buying, payment, and fulfillment procedures as a result of intuitive computer software and hardware. Utilized by operators of each and every measurement, DoubleBeam leverages the cloud to offer frictionless shopper provider and uncomplicated integration with again workplace procedures and kitchen functions.

“We’ve been doing work tough during the pandemic to make certain that DoubleBeam buyers can effortlessly changeover from a traditional premise-centric organization product to a cloud-based mostly infrastructure that facilitates secure small business procedures, including on the web ordering and fulfillment, contactless payment, and versatile supply solutions,” explained Ronny Yakov, main govt officer for OLB. “By processing tens of millions of transactions each individual thirty day period, DoubleBeam is proving its benefit as a secure and dependable option that aids hospitality suppliers and other businesses prosper in the most tough cases. We assume this craze to continue on as extra companies look for efficient options to maintain operations.”

DoubleBeam hardware and software can frequently be established up in significantly less than 15 minutes. The platform’s attributes contain seamless buy entry and processing with a direct url to kitchen printing methods, templates for menu management, a website builder, promoting and loyalty packages, and a free of charge cellular application. DoubleBeam online and cell apps also let shoppers to spend for orders prior to getting into the establishment, retailer beloved orders and payment sources, and presents a pathway for marketing and loyalty promotions.

DoubleBeam, and the full OLB omnicommerce option established, provide retailers a wide array of seamless integrations with inventory, warehouse, and supply chain administration, accounting, personnel scheduling and time tracking, and other business enterprise platforms.

Merchants interested in utilizing DoubleBeam providers can set up an account at https://doublebeam.com/get-started off/. Resellers intrigued in introducing DoubleBeam to their portfolio ought to pay a visit to https://doublebeam.com/new-reseller.

For a lot more details about The OLB Group, please visit www.olb.com and www.olb.com/traders-details.

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Secure Harbor Statement

All statements from The OLB Team, Inc. in this information launch that are not primarily based on historical reality are “ahead-searching statements” inside the that means of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Trade Act of 1934, as amended. These ahead-searching statements incorporate, but are not restricted to, statements about the affect of COVID-19 on our functions and economic condition our potential to put into action our proprietary service provider boarding and CRM technique and to roll out our Omni Commerce purposes to our recent merchants and the integration of our secure payment gateway with our crowdfunding system. When the Company’s management has dependent any ahead-on the lookout statements contained herein on its existing expectations, the details on which such expectations were based may well transform. These ahead-on the lookout statements rely on a amount of assumptions relating to long run occasions and are subject matter to a variety of hazards, uncertainties, and other things, several of which are outside of our manage, that could lead to real effects to materially differ from these statements. This kind of threats, uncertainties, and other factors contain statements regarding the anticipated income and earnings for functions to be generated by The OLB Team, Inc. For other factors that could lead to our precise effects to differ from people that are envisioned, see the details below the caption “Risk Factors” in the Company’s most modern Type 10-K and 10-Q filings, and amendments thereto, as perfectly as other community filings with the SEC considering that these kinds of date. The Organization operates in a fast switching and competitive surroundings, and new pitfalls might come up. Accordingly, buyers ought to not place any reliance on ahead-on the lookout statements as a prediction of real final results. The Company disclaims any intention to, and undertakes no obligation to, update or revise any ahead-on the lookout statement.

About The OLB Group, Inc.

The OLB Group, Inc. is a payment facilitator and commerce provider supplier that provides cloud-centered merchant products and services for web-primarily based and brick-and-mortar companies. OLB presents a seamless, end-to-end electronic commerce option that consists of web site creation, internet hosting, transaction processing and payment gateway, get fulfillment, client company, outbound advertising, profits reporting, and fundraising. With solutions from non-public label buying web sites made to retain the unique appear or experience of the service provider web site, to get achievement and consumer assistance, OLB remains invisible to the user and promotes the merchant’s brand name with industry-main engineering and options. For far more information about remedies, companies, or to find a reseller, be sure to check out www.olb.com. Trader information and facts is out there at www.olb.com/traders-info.

Glenn Goldberg

Parallel Communications, Inc.

[email protected]

(5160 705-6116

The OLB Group – Investor Relations

Rick Lutz

[email protected]

(212) 278-0900 EXT: 333