|Cyphermint Partners with American Payment Systems (APS) For Bill Payment Enabled Kiosks|
Thursday October 14, 9:00 am ET
MARLBOROUGH, Mass. , Oct. 14, 2004 (PRIMEZONE) -- Cyphermint, Inc., a leading provider of secure electronic payments, today announced an agreement with American Payment Systems (APS), a market leader in walk-in bill payments and a business unit of CheckFree Corporation (NasdaqNM:CKFR - News). With the relationship the companies will provide electronic bill payment services for Cyphermint's PayCash(tm) and Kiosk Integration Solutions.
APS bill pay services will be available on the PayCash One Stop(r), a self-serve, 24-hour kiosk with ATM capabilities among other retail kiosk projects from Cyphermint. The agreement will provide a cash alternative for consumers, who do not want to pay with money orders, credit cards or checks, to make bill payments. With a bill payment enabled kiosk, a consumer can walk into any participating supermarket or convenience store, insert cash in the kiosk and pay their bills quickly, securely and conveniently.
Today APS's bill payment services are available in thousands of retail locations across the country, and Cyphermint's bill payment enabled kiosks automate simple financial transactions. For supermarket and convenience store merchants, this provides a secure and efficient method for their customers to pay bills quickly and privately. In addition to cash, these kiosks also accept credit and debit cards for transactions other than bill payments. The kiosks display an on-screen opportunity for the merchant to market in-house promotions and will provide affiliate partners with eCommerce coupon advertising opportunities. These features provide merchants a quick return on their investment.
``The addition of APS's leading walk-in bill payment services to our kiosk solutions ultimately enhance the value we can deliver to our base of retailers and the consumers they serve,'' said Joseph Barboza, President and CEO, Cyphermint, Inc. ``By offering bill payment options in their retail locations, merchants can offer a service to enable their customers to quickly and conveniently pay their bills in a self serve fashion.''
``Our technology partnership with Cyphermint will offer APS an excellent opportunity to provide the under banked market place with a self serve solution for in person bill payment,'' said Todd Lasher, director of business development, American Payment Systems. ``By enabling Cyphermint's kiosk solutions with new capabilities, we are jointly increasing the convenience of walk-in bill payments with new customer channels.''
As a market leader for walk-in bill payment solutions, American Payment Systems (APS) has been processing in-person payments since 1990. Through over 10,000 retail locations, APS reaches about 7 million households, and annually processes about 125 million payments, representing hundreds of billers. . .