New York, June 25, 2018 (GLOBE NEWSWIRE) — The OLB Group, Inc. (OTCQB: OLBG), a provider of merchant-centric SaaS solutions for small and medium businesses, announced the expansion of its commerce offering through the recent acquisition of assets and intellectual property of three companies. The addition of eVance,, and to The OLB Group (OLB) portfolio enabled the creation of three wholly-owned line of business subsidiaries that address the ongoing needs of business owners and operators. These new solutions bolster the successful ShopFast eCommerce platform utilized by numerous online and brick-and-mortar businesses today.

“Through these additions to our portfolio, OLB will be well-positioned to serve merchants by delivering a cross-section of capabilities within a single cloud-based platform,” said Ronny Yakov, Chief Executive Officer of OLB. “Gone are the days when a merchant must navigate and negotiate contracts with different vendors for marketing, inventory, web, lead generation, customer curation, payment acceptance, and many other functions that are essential for selling their products and services. We can now provide them with a single portal that not only streamlines all their business operations, but does so at highly competitive rates.”

OLB offers its solutions to the market through ISO (Independent Sales Organization) and banking partners that traditionally sell payment acceptance services. The full-service portfolio enables these partners to strengthen merchant relationships and increase revenue opportunities.

The companies under the OLB banner include:— a cloud-based business management, inventory control, marketing, and sales platform for businesses. Merchants can access all capabilities via tablet (iOS and Android), computer, or mobile app at their convenience. As a SaaS platform, does not require the merchant to install or maintain any local software, and provide the business owner with powerful web development templates and tools, outbound marketing and curation capabilities, and back-office management functions.

eVance— an advanced payment service solution that is fully integrated into the omnisoft platform. Its payment gateway enables processing of all credit and debit, ach and check transactions, while facilitating merchant onboarding, settlement, and customer relationship management (CRM) services.

CrowdPay— a unique crowd funding vehicle for capital raises ranging from $1 million to $50million dollars. This service gives Issuers a simple and efficient path to raising capital for market expansion and growth.

The full suite of capabilities from OLB are available through a convenient cloud based portal hosted on Microsoft Azure cloud

For more information about The OLB Group and its offerings, please visit

Safe Harbor Statement

About The OLB Group, Inc.

The OLB Group, Inc. delivers cloud-based business services for eCommerce, mCommerce, and brick-and-mortar customers. Providing a seamless, end-to-end e-commerce solutions, including site creation, hosting, transaction processing and payment gateway, order fulfillment, customer service, outbound marketing, sales reporting, and fundraising. With services from private label shopping sites designed to maintain the unique look or feel of the merchant website, to order fulfillment and customer service, OLB remains invisible to the consumer while promoting the brand with market-leading technology and solutions. For more information about solutions, services, or to find a reseller, please visit

John Stafford
Parallel Communications, Inc.
[email protected]
+1 515-708-1296